LOS ANGELES, CA, March 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – With preparations underway for manufacturing the MIFTEC Z-pinch (ZEBRA) Fusion Medical Isotope Generators, US Nuclear Corp. (OTCBB: UCLE) is one step closer to ending the dire worldwide shortage of medical isotopes. The federal government is so desperate to find a domestic, stable supply of medical isotopes that they recently announced over $60 million in funding to 8 projects/companies working on solutions for this demand. Of these 8 companies, only 3 have time-lines to supply medical isotopes in the near future, and of those 3, Magneto-Inertial Fusion Technologies, Inc. (MIFTI, parent company to MIFTEC) has the most promising solution. MIFTEC’s patented fusion-powered medical isotope generator is not only to solve the medical isotope shortage, their revolutionary process offers numerous advantages to current production methods, including:
- MIFTEC’s process is fueled by a simple isotope of hydrogen from a renewable source: seawater.
Current production methods of medical isotopes are fission-based nuclear reactors or accelerators that require either highly enriched or low enriched uranium (HEU/LEU) to operate. These methods are costly, multi-step processes that result in nuclear waste byproducts that must be safely contained and stored for hundreds of years while being protected from theft by terrorists. - Due to the eco-friendly, fusion-based technology, the capital and operational costs are a fraction of that for fission or accelerator technology. Additionally, medical isotope production costs are up to 50% less than all other current manufacturing processes.
- The device is designed to fit into most hospitals, nuclear medicine clinics, and laboratories. It is ideal for local, domestic production, and results in a major reduction in transportation and import costs. Local production also solves the timeline issues of Mo-99’s 66-hour half-life.
- No production limit problem. Current methods to build a nuclear reactor or accelerator are time-consuming and expensive, and once finally built, these facilities have a maximum production limit. There is currently around a $5 billion shortfall in medical isotope production. US Nuclear to build MIFTEC’s medical isotope generators in a fraction of the time and cost, with the production line continuing until demand has been filled.
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Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com.