US Nuclear Corp. (UCLE) Leveraging Extensive History in Nuclear Power and Research Sectors to Promote Sustainable Financial Growth

US Nuclear Corp. (OTC: UCLE) specializes in the design, development and manufacture of radiation detection instrumentation. Through subsidiaries Overhoff Technology Corp. and Optron Scientific Company, Inc., UCLE harbors over a century of experience addressing the unique instrumentation needs of the nuclear energy industry, as well as industries associated with emerging technological processes, such as thorium and molten salt reactor technologies, both domestically and internationally. The company’s customers include a variety of United States government agencies, the U.S. military, Homeland Security, scientific laboratories, universities, hospitals and nuclear reactor facilities located around the world.

UCLE’s roots in the nuclear power industry are extensive. Optron Scientific Company, doing business as Technical Associates (TA), was founded in 1946 as a spinoff from the Manhattan Project, the research and development program that led to the production of the first nuclear weapons during World War II. The company’s founders are credited with the design and construction of the first industrial grade radiation monitors, which were used to safeguard the scientists charged with building the world’s first atomic bomb. In the more than six decades that followed, TA established a position at the head of the industry for its custom-tailored radiation measurement and safety instruments.

Similarly, Overhoff Technology has maintained a reputation as the world’s leading manufacturer of tritium monitors for nearly 40 years. Since its founding, Overhoff has been awarded contracts by the United States Department of Defense and has sold tritium equipment to nuclear power facilities in China, South Korea, Canada, Argentina and the United Kingdom, among others.

With the combined expertise of these two operating divisions leading the way, UCLE has continued to post strong international growth in recent quarters. For the fiscal year ended December 31, 2015, the company reported sales revenues in excess of $2.6 million, marking an increase of 62 percent from the previous year. Likewise, UCLE successfully rebounded from a net loss of $321,505 in 2014 to record net income of $399,416 for 2015. Capping off the solid results, the company’s gross margin rose by eight percent in 2015, and its general and administrative expenses fell by 5.3 percent. Robert Goldstein, the company’s president, CEO and chairman, spoke about these results in a May news release.

“We started off strong in 2015 and kept up the momentum throughout the entire year, as demonstrated by our vigorous increase in sales revenue and earnings per share,” he stated. “The recognition and quality of our tritium monitors has allowed us to capture new opportunities in the rising nuclear power and research sectors, while continuing to service our world-wide base of existing customers.”

Looking to build on its 2015 momentum, UCLE has continued to expand its foothold in the international nuclear power industry in recent months. After reporting profitable annual results, the company announced the reception of a new order totaling $235,000 from its representative in Canada, Radiation Measurement Systems. This order is particularly noteworthy, because the Canadian government has allocated several billion dollars toward refurbishing a number of existing reactors dispersed throughout the country. As one of the original suppliers for many of these reactors, UCLE is strategically positioned to capitalize on this investment as work proceeds.

UCLE has also continued to innovate and push the industry forward, as Goldstein alluded to in an interview with SNNLive (http://nnw.fm/6J5ir). The company recently implemented drones in order to improve the flexibility of its radiation detection instrumentation. Among the advantages offered by this technology, Goldstein points toward location and rapid deployment as game changers. By offering the capability to measure radiation levels directly above an impacted area, such as a burning hospital or overturned railcar, mere moments after a potentially dangerous chemical or radiation related accident has occurred, users can access critical data that would be otherwise unavailable, effectively protecting the wellbeing of both first responders and the general public.

For more information, visit www.usnuclearcorp.com

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