WASHINGTON, D.C., Feb. 15, 2006 (PRIMEZONE) -- Nuclear Solutions, Inc. (OTCBB:NSOL) announced progress today on its U.S. and international patent applications relating to its patent-pending process to remediate tritiated water via an advanced separation technique and its patent-pending technology to detect shielded nuclear weapons and smuggled nuclear materials such as Uranium-235 and Plutonium-239 sufficient to make nuclear weapons.
Nuclear Solutions' patents to remediate tritiated water were published between December 22, 2005, and January 26, 2006. Publication occurs approximately 18 months after a patent's filing date and allows the applicant to assert provisional rights under certain circumstances to obtain a reasonable royalty from a third party that infringes upon the published application. Thus, damages for pre-patent grant infringement are now available to Nuclear Solutions with the publications of its patent applications.
Just as important, Nuclear Solutions' domestic patent applications for its shielded nuclear weapon and materials detection system are expected to be published in April 2006 when their 18-month period expires. Nuclear Solutions and the U.S. Department of Homeland Security are in discussions regarding the possibility of proof testing the prototype for the nuclear weapon and materials detector when completed.
Nuclear Solutions' applications for patents relating to both of these technologies have been cleared for foreign filing and are at various stages of consideration for international patent protection as well.
"We are encouraged by these important steps in the patent process as we continue to follow a methodical strategy not only for developing our technologies but also for protecting them. When completed, this will ensure the viability of their commercialization.
"These technologies offer real solutions to some of the most pressing challenges of our day. There is an urgent demand for ways to protect the environment and better safeguard against nuclear threats. This is heightened by the fear of 'loose nukes' making their way into our country and those of our allies at the hands of terrorists intent on adding nuclear terrorism to their operations," states Nuclear Solutions, Inc. President and CEO Patrick Herda.
Nuclear Solutions' advanced patent-pending separation process to remediate tritiated water counters an environmental threat, which left untreated could lead to major health dangers. Tritiated water results from the presence of tritium, a radioactive isotope that is a byproduct of nuclear power plant operations and nuclear weapons complex activities. Its presence in wastewater poses a significant health risk because it is readily absorbed into the environment, like the hydrogen in ordinary water. The ingestion of tritiated water can result in radiation-induced damage to chromosomes within cell nuclei. While researchers differ on the relative dangers of exposure to high levels of tritium, several studies have linked high tritium discharges to cancers and birth deformities.
The nuclear detection technology is based on gravimetric sensing techniques, detecting the presence of Plutonium-239 and Uranium-235 by responding to minute gravitational gradient anomalies produced by these high-density nuclear materials used to make weapons. Typically, detecting shielded nuclear materials relies on ultra-sensitive radiation detectors, yet the radiation emitted by plutonium and uranium is relatively low and easily shielded, making signature threat detection and acquisition virtually impossible. These gravitational anomalies cannot be readily shielded.
Nuclear Solutions, Inc. is an innovative technology development company committed to exploring, developing, and commercializing viable products in the areas of nanotechnology, environmental technology, as well as homeland security and defense. Products under development include long-lived nuclear micro-power sources based on three U.S. patents (5,087,533; 6,118,204; 6,238,812) to power applications in the emerging field of nanotechnology and microelectronics; a patent-pending process to remediate tritiated water via an advanced separation technique; and a patent-pending shielded nuclear weapon and materials detection system. To learn more, explore www.nuclearsolutions.com. In August 2005, Nuclear Solutions, Inc. established Future Fuels, Inc., an independent subsidiary with its own unique business model to implement commercially available and proven technology to transform low-value, end-of-life carbonaceous waste materials such as waste coal, used tires, wood wastes, raw sewage, discarded corn stalks and other agricultural by-products, into high-value, environmentally-friendly, clean-burning ethanol. By transforming waste into ethanol, Future Fuels, Inc. is positioned to become a major player in the alternative fuels industry.
DISCLAIMER
The matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties such as our plans, objectives, expectations, and intentions. You can identify these forward-looking statements by our use of words such as "progress," "patent-pending," "provisional rights," "request access," "is expected to be," "upcoming," "are at various stages," "we continue to follow," "urgent demand," "when completed," "could lead," "is developing," "committed to," "to implement," "is positioned to become," or other similar words or phrases. Some of these statements include discussions regarding our future business strategy and our ability to generate revenue, income and cash flow.
With regards to forward-looking statements on the proposed waste-to-ethanol facility, a facility like this has never before been constructed or operated and there are inherent risks associated with the establishment of such new operations. There could be unexpected problems or delays in the funding, construction and operation of the facility. There is no guarantee that we will be successful in raising the capital required for this project through the issuance of tax-free bonds discussed herein. While we believe that the appropriate technologies for waste-to-ethanol conversion are commercially available, we cannot guarantee that commercially available technologies will we suitable for producing ethanol in the proposed Future Fuels, Inc. facility.
Overall, actual future results for Nuclear Solutions, Inc., and its subsidiary Future Fuels, Inc., could differ significantly from statements contained in the press release. Factors that could adversely affect actual results and performance include, among others, the companies' limited operating history, dependence on key management, financing requirements, technical difficulties commercializing any projects, government regulation, technological change, and competition. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Additionally, patent pending status or licensing does not guarantee that a patent will issue or that the technology will be commercially successful. Accordingly, reference should be made to Nuclear Solutions, Inc.'s periodic filings with the U.S. Securities and Exchange Commission, also available through the web site at www.nuclearsolutions.com.