PHOENIX, May 08, 2019 (GLOBE NEWSWIRE) -- Uptick Newswire Stock Day Podcast welcomed US Nuclear Corp. (UCLE), a company that designs, manufactures, and markets a branded, full line of radiation and chemical detection equipment and specialized advanced tritium technology for the nuclear energy industry and for emerging technological processes such as Fusion Power Generators as well as Thorium and Molten Salt (MSR) reactor technologies both domestically and internationally. Chairman and President, Bob Goldstein, joined Stock Day host Everett Jolly.
To begin the interview, Jolly asked about the Company’s recent announcement of their partnership with Magneto-Inertial Fusion Technologies, Inc. (MIFTI) Goldstein explained that the agreement includes 500,000 shares of MIFTI stock, as well as manufacturing rights for new fusion based electric power plants. MIFTI is a privately-held company that has made major developments in the electric power grid space.
Jolly then asked how these new fusion based electric power plants will differ when compared to the power plants now feeding the worlds electric grids. Goldstein explained that electric power grids especially require base load power, which is both clean and modular making it more effective than other competing power sources such as coal which pollutes the air with both smoke and CO2, and intermittent power sources such as solar and wind.
Goldstein also shared that the applications for this kind of power can be utilized in small power plants or in communities in need of local power. This form of power also cuts back on the energy that is typically wasted when travelling substantial distances from power plant to end users.
“The power market is always growing,” stated Goldstein. He continued by explaining that the Company’s goal is to serve as a safe and more effective alternative for coal. Goldstein also pointed out that the current $6 Trillion Electric Power market will begin to shift towards cleaner operation with the presence of more solutions. He added that while the use of renewable energy needs to increase, solar panel and windmill solutions cannot serve as the only form of power. No matter how much these forms of energy grow, additional base power solutions will still be necessary.
Jolly then asked about the Company’s potential revenues. Goldstein explained that considering the Company’s long-term goals revenues could reach truly substantial amounts. However, the Company will not begin building their advanced power grids for about eight years.
To close the interview, Goldstein shared that the fusion power generators being developed are very clean and affordable since they use fuel extracted from seawater thus cutting way back on pollution and fuel costs.
To hear Bob Goldstein’s entire interview, follow the link to the podcast here: https://upticknewswire.com/featured-interview-ceo-robert-goldstein-of-us-nuclear-corp-otcpink-ucle-9/
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About US Nuclear Corp.
US Nuclear Corp is a fully-reporting, publicly traded company on the Over-the-Counter Bulletin Board, traded under the ticker symbol UCLE. The Company's operations are principally engaged through its subsidiaries, operating two leading nuclear radiation detection companies, Overhoff Technology Corp. and Optron Scientific Company Inc. The Company designs, manufactures and markets branded, full line radiation and chemical detection and specialized advanced tritium technology for the nuclear energy industry and for emerging technological processes such as Fusion Power and Thorium and Molten Salt (MSR) reactor technologies both domestically and internationally to customers such as United States Government Agencies, the U.S. Military, Homeland Security, Scientific Laboratories, Universities, Hospitals, nuclear reactor facilities in the United States, China, Canada, South Korea, Argentina, Russia and others.
Safe Harbor Act
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, estimates and projections 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.
Investors may find additional information by visiting US Nuclear Corp. and the SEC website.
CONTACT:
US Nuclear Corp. (UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Ph: (818) 883 7043 | Email: info@usnuclearcorp.com
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SOURCE:
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