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LOS ANGELES, CA - (NewMediaWire) - June 17, 2024 - US Nuclear (OTC-QB: UCLE) has a rich history, beginning as a spin-off of the Manhattan Project manufacturing the first radiation detectors, and continuing to evolve and expand into the first fusion power tritium monitors, forensic measurement drones, and real-time PFAS monitors.
It all started with the making of the atomic bomb. From June 18, 1942 to August 25, 1947, the Manhattan Project employed over 130,000 people throughout the United States. The top-secret project to develop the atomic bomb forever altered the world we live in.
US Nuclear's founder was Hugh Glassford, well known for his part in building the major cyclotron accelerator that earned Ernest Lawrence a Nobel prize. The cyclotron was needed to enrich the uranium for the Manhattan Project. Afterwards, Glassford was reassigned to design and build a suite of radiation safety detectors to protect all the staff and the genius physicists such as Einstein, Fermi, Feynman, Seaborg, Teller, and Hans Bethe to name a few.
Suddenly, there was this urgent need for radiation detectors. US Nuclear filled this urgent need for radiation safety equipment, protecting the highly valuable physicists, and becoming the first manufacturer of such equipment. Afterwards, US Nuclear continued to provide essential equipment for key points in history, such as the civil defense for Russian bomb threats during the Cold War, getting the US's nuclear navy going, as well as the UK's Rolls-Royce nuclear submarines.
US Nuclear has of course supported nuclear power plants around the world throughout its history. The development of nuclear power is a growing market that is desperately needed to meet the world's energy demands, and the market is continuing to evolve. There are more green energy nuclear power plants under construction, and new small modular reactor projects like Bill Gates's Terra Power facility in Wyoming now being built. Nuclear defense and fission-based power is still growing, but could be considered a niche market.
So, looking to multiply their market size, US Nuclear reinvents itself. Fusion power using tritium as its fuel source is coming, and is one of the reasons USN acquired Overhoff Technology, famous tritium monitor manufacturer.
Broadening their markets even more, USN reinvents itself again with instrumented drone monitors, the DroneRAD system, used for airborne measurement of radiation and a wide range of dangerous, toxic or unwanted chemicals including "war gases" and fentanyl. The drone and drone services business is quite scalable with a huge market for individuals, security companies, police, fire and first responders, inspection of solar energy and wind turbine facilities, and much more. USN's "Climate Drone" has two on-board Methane detectors, and one CO2 detector. One methane detector is laser based and can detect methane at a distance, while the other is a "sniffer" allowing the user to pinpoint and quickly repair the leaks or other sources of gas.