PHOENIX, Ariz., Aug. 02, 2018 (GLOBE NEWSWIRE) -- US Nuclear Corp’s (OTCBB:UCLE) (the “Company”) CEO and Chairman of the Board of Directors, Bob Goldstein, Returns to Discuss Company Updates with Everett Jolly on Uptick Newswire’s “Stock Day” Podcast.
Jolly began the interview by saying he’s really excited to bring this Company back to the show because he believes the world really needs what they’re doing. They are a radiation and chemical detection holding company specializing in the development and manufacturing of radiation detection instrumentation. Jolly said he thinks the company is undervalued and invited CEO and Chairman of the Board of Directors, Bob Goldstein, to bring Uptick’s listeners current on recent developments.
“Tell me about your new sales group. You guys are looking to promote your new US Nuclear chemical sensor product line. Bring us up-to-speed on that and why now.”
Goldstein indicated that the Company has been a radiation detection holding company for a long time, but that they have received ongoing inquiries about whether they can sniff out chemical hazards and related materials. Until now, that seemed to be something they would add in the future. However, they have 2 excellent product lines that they are now offering that they’re very excited about. They have also hired 2 chemists to help the Company move forward.
The Company attends lots of trade shows where they meet end users, but also distributors, as well as brick-and-mortar stores. For example, they go to drone shows where people want to buy drones, but what makes the Company’s drones so attractive is the fact that they have lots of sensors that ultimately provide the user with more information.
Jolly noted that in 2017, the Company did $3 million in revenue, but that Q1 2018 results showed $990,000. Jolly wanted to know if the Q1 sales were primarily domestic or international.
“We’re about 60% overseas, 40% US now and that’s because of our outstanding products. People are willing to call us from their home country and buy from us instead of buying locally. I think that shows the value of our product line.”
Jolly indicated that the Companyhad started to deploy chemical sensors on drones, as well as a super-sensitive portable system, the new zNOSE® High-Speed GC Chemical Sniffer and inquired whether Goldstein thought that would impact overall sales. The CEO replied thatthis is a bigger market than the Company has been in before. Over the next several years, he believes they will double or triple Company size because there are toxic chemicals everywhere. “You’ve got to know about your environment.”
Jolly said, “Well, one thing I like about your Company is – and I think you guys are ahead of the curve line – I think you’re going to save millions and millions of lives.”
“One of the wonderful things about the zNOSE® product that we’re offering is that it uses gas chromatography, which you may not know is the most sensitive way of measuring anyimpurities in air. So, we can see warfare chemicals and toxic materials in a few minutes, whereas all the other devices, whether they’re portable or not, take maybe an hour or days to get them to work. So, I see a huge market for the zNOSE® Sniffers.”
They briefly discussed the Company being an exhibitor at the Cannabis World Congress taking place in Los Angeles on September 26-29, 2018. Goldstein said that their products are not looking for THC (which gives the “high”), but rather the Cannabidiol (CBD) because it’s the new wonder drug for epilepsy because it can prevent seizures. They can also see the terpenes, which promote relaxation and stress-relief, along with other benefits.
Goldstein continued that their product can see fungus or pesticides, so this helps with customer safety and clean products.
Jolly wanted to know whether US Nuclear is working with MIFTEC and Goldstein responded, “Yes, the Company is working with MIFTEC, who are developing a fusion machine that will produce neutrons and with the neutrons, we can produce the medical isotopes.” Goldstein said that there’s a multi-billion dollar shortage of medical isotopes. “Nobody is filling that, but we’re going to be doing that.”
Jolly commented, “It seems like you guys are starting to diversity a little bit. Are you looking to add some different companies to your holding company?”
“Absolutely! Right now, we’re in the middle of a merger effort with another radiation detection company, but we also have other sensor companies that we hope to be acquiring in the relatively near future. We want to be the world marketplace for high-tech sensors.”
Jolly concluded by thanking Goldstein for being on the show.
For more information about the Company’s financial details, listen to the full interview at the link below.
About UCLE
US Nuclear Corp is a radiation and chemical detection holding company specializing in the development and manufacturing of radiation detection instrumentation. Through three operating divisions (Technical Associates (TA), Overhoff Technology (OTC), and Electronic Control Concepts (ECC), US Nuclear Corp. harbors more than 100 years of combined experience in supplying top-of-the-line instrumentation to any industry utilizing radionuclides. This includes nuclear power plants, national laboratories, government agencies, homeland security, military, universities and schools, research companies, hospitals, medical and dental centers, energy companies, weapons facilities, first responders, local governments, and manufacturing plants.
Contact:
US Nuclear Corporation
7051 Eton Avenue
Canoga Park, CA 91303
(818) 883-7043
http://usnuclearcorp.com/
info@usnuclearcorp.com
Safe Harbor Act and Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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