Latest news with #USNuclear
Associated Press
02-07-2025
- Business
- Associated Press
US Nuclear Corp Announces 2024 Financials Showing a 55% Surge in Overhoff Technology Gross Profit to Almost $1.2 Million, on Revenues Over $2 Million, 93% of Total Sales
LOS ANGELES, CA - July 2, 2025 ( NEWMEDIAWIRE ) - US Nuclear Corp (OTC: UCLE), is pleased to announce that the recent migration of manufacturing and production of the Optron LA Facility to its Overhoff Technology Milford, OH, facility is already bearing fruit, with Overhoff revenues increasing and profitability soaring. 'Revenues and overall profitability with manufacturing largely under one facility are increasing every month, resulting in dramatically lower overhead, and renewed focus on sales growth and profitability,' said Nikki Truax, Director of Operations for the combined entities. 'We believe we have the potential to grow revenues over 50% over the next twelve months, with profitability as early as the 3rd or 4th quarter this year.' 'We are also in advanced talks with a very profitable company in the irradiation space about a potential merger or acquisition by US Nuclear,' said Mr. Goldstein, President of US Nuclear. 'We knew that we had to streamline our operations and maximize our cash flow to be able to fully exploit potential opportunities such as this.' 'We are also implementing an upgrade to our entire financial reporting efforts by adding key staff and implementing software integrations,' said Mr. Goldstein. 'After we file our Q later this month, and our stock has resumed trading, we hope to have our changes fully implemented before the 2nd quarter financials are due and hope to uplist our common stock listing.' 'We have commenced discussions with our equity partners in Company owned investments in the nuclear fission and fusion space,' said Bob Goldstein. 'We own 500k non-dilutable shares in an early-stage thermonuclear fusion-powered reactor company, MIFTI, which has tremendous upside potential.' 'We also own 10% of an early-stage radionuclide technology, MIFTEC, along with the rights to manufacture and sell the products in North America and Asia. The Company has a 35.2% interest in Grapheton, Inc., a Company making and designing advanced energy storage devices, called supercapacitors. We believe these investments could become very successful and valuable over the next 18 months,' said Mr. Goldstein. 'US Nuclear and Overhoff Technology monitors are 'Best-In-Class' for measuring the levels of radiation and tritium in the fission and fusion nuclear reactor space, for measuring explosives and radiation in the security space, and the levels of carbon dioxide and methane in the oil and gas space. We are also developing relationships with companies that test the levels of PFAS forever chemicals in the industrial space,' said Mr. Goldstein. 'This consolidation of our product lines and sales efforts will dramatically make our sales and marketing efforts far more effective.' For a link to our 2024 10k, please use the attached link UCLE_2024 Form 10K . For sales and product information for US Nuclear, call Bob Goldstein at (818) 472-7071; for Overhoff call Ian Embry at (513) 248-2400, or Nikki Truax at (503) 646-5446. For investor information, call Jack Lennon at Chamberlain Capital (508) 360-8407 or [email protected] . View the original release on
Associated Press
05-02-2025
- Business
- Associated Press
US Nuclear Corp. Announces the Consolidation of the Optron LA and Overhoff Ohio Facilities to Produce Annual Savings Approaching $1 Million
NEWMEDIAWIRE) - US Nuclear Corp. (OTC: UCLE), is pleased to announce that the Consolidation of their Optron LA Facility and their Overhoff Technology Milford OH Facility has commenced, and will be completed by the end of the 1st Quarter. 'This effort will maintain our full product line,' said Bob Goldstein, President of US Nuclear, 'but it will utilize the combined strengths of both companies in production efficiency as well as sales and marketing. We project the savings from this consolidation will have full effect in the 2nd half of this year, and will add $.02 per share of earnings to the Company on an annual basis, and potential profitability in the 2nd half,' said Mr. Goldstein. 'We are in talks with 2 companies about Merger or Joint Marketing possibilities, with other companies showing interest as well,' said Mr. Goldstein. 'It became immediately clear to us that we had to streamline our operations and maximize our cash-flow to be able to fully exploit these potential opportunities.' 'US Nuclear and Overhoff Technology monitors are 'Best-In-Class' for measuring the levels of radiation and tritium in the nuclear space, for measuring explosives and radiation in the security space, the levels of carbon-dioxide and methane in the oil and gas space, and the levels of PFAS forever chemicals in the industrial space,' said Mrs. Truax, Operations Manager for Overhoff. 'This consolidation of our production and sales efforts will turbo-charge our sales growth!' [email protected].
