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Video Interview with SNN Network and US Nuclear
Los Angeles, CA, July 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- US Nuclear (OTCQB: UCLE) was recently hosted on SNN Network, where CEO Bob Goldstein discusses the company’s key highlights in the last 12 months, progress on selling drones to FEMA and state health departments, revenue performance, and investments into Grapheton and Solar System Resources.
Link to the interview: https://www.youtube.com/watch?v=w5VPQMWn5Y4
Summary of the interview:
Robert Kraft:
This
is Robert Kraft and I'm your host on SNN Network. And joining me right now
is Bob Goldstein, the chairman and CEO of U.S. Nuclear Corp. The symbol is
UCLE on the OTCQB.
Bob, good to see you. How are you doing?
Bob Goldstein:
Doing fine, it’s great to see
you.
Robert Kraft:
It's great to have you on. So
last time we had you on was about a year ago. We published that last
interview on May 21, 2020. Your company has come out with a number of
announcements, news, and a recent investment or five percent stake in a
solar mining company. We have a lot to cover today, Bob. So, what were some
of the key highlights in the last 12 months?
Bob
Goldstein:
So, lots going on. We survived 2020, it is great to be
done with that. We're moving ahead and we're getting a lot of traction with
our different products. We are making good progress with selling drones to
FEMA and state health departments. Our drones are instrumented. As you
know, drones are not just for kids and tourists anymore. They're for
getting data. But not very many people know that you can put more than a
camera on them. We install radiation, chemical, and biological sensors to
check our borders, prevent smuggling, respond quickly and intelligently to
fires, emergencies, find and remediate industrial contaminates, and things
like that.
Moving on to our investments, we own a 40% stake in Grapheton, which is a smart startup based in San Diego, CA. They have just amazing patents, and are developing exciting products, especially in the capacitor field. Capacitors store electrical energy, which sounds sort of nerdy. But if you think about it, it takes eight hours to charge your Tesla to full charge. And that's because they've got batteries.
Batteries can't take a charge very quickly. And of course, you need an
awful lot of electricity stored in that battery to make your car go.
Everybody knows the battery’s purpose is to store electrical energy. But
not everybody knows that batteries are not our only choice. Did you know
that electrical energy can also be stored in capacitors? Capacitors can be
filled up, and then they can deliver their charge. Think about the charging
station for your Tesla. Now if you had a capacitor bank in the charging
station, you could fill up the capacitors and then you could download that
energy to a capacitor bank in an EV.
It takes milliseconds, thousandths of a second, to download. Let's say when you've got everything fixed up, it takes 5 or 10 minutes to charge your Tesla instead of up to eight hours. So that's the charging station. However, batteries cannot accept this energy quickly, so on board in the car, you've got a big heavy battery. The big battery would be replaced with a light weight capacitor bank and a much smaller battery. Building the battery requires rare earths, lithium, cobalt, and other materials that are desperately needed in other parts of our economy. These supercapacitors are carbon and copper devices. So, substituting capacitors for batteries can free up all those rare materials so they can be used in other industries. We think we have a big future there.
Electric vehicles are just one of the business opportunities for advanced capacitors. We all know that there's a serious shortage of computer chips in the world which is slowing down car production. It's also slowing down delivery if you want to buy a new computer, you've got to wait because they don't have the darn chips.
America used to be the world’s leader in designing new, high function
chips. But we've let that go to Taiwan and other places. Grapheton
capacitors can also help with that, but it's a bit complicated. Almost
every electrical circuit used in any device or system includes capacitors
along with the resistors, diodes, transistors, etc. But most chips have no
capacitors or very weak capacitors, because stronger capacitors have been
physically too large and could not be produced by the chip fabrication
process. Grapheton technology can put strong but teeny little capacitors on
the little chips, thus allowing further miniaturization of electronic
devices of all types and increased functionality of American IC chips. This
will help America recapture its leadership in the integrated circuit
market.
Robert Kraft:
Yeah, there's a lot to
break down there. But one thing I think our audience wants to know, on the
revenue generating side of the business. How are you doing there? How has
their company performance been on that front?
Bob
Goldstein:
A reasonable question. 2020 was a stinking year, but
we're recovering from that. I think we'll be back up to our typical three
and a half to four million a year rate by the end of this year.
Robert Kraft:
And very good. All right. Well, I got to ask,
you know, the company just put out the news on buying a five percent stake
in a space mining company, Solar System Resources. I know you must have
good reasons for buying this stock. I don't mean to make a judgment here,
and I promise to listen to what you say, but isn’t this sort of
surprising and futuristic?
Bob Goldstein:
Yeah, I
know it sounds sort of whimsical. Besides just the thought of being
somewhere else, the public is very excited about space travel and putting
human settlers on Mars. We all know that there are going to be people
living on the moon, people living on Mars in a few years. At first there
will be just a few, but after a while it will be a big thing and will
involve trillions of dollars. Besides tourists and researchers, there's
going to be industry there, and the most important industry will be space
mining -- bringing materials back that you can mine or collect on the moon,
on the asteroids, or from the comets or planets, and it turns out that
there's a lot of very rare and precious materials available.
There
are different types of asteroids you can pick, including stony asteroids
and metallic asteroids. If you pick a metallic asteroid, almost everything
in there is useful to us. Cobalt, rare earths, they also have platinum,
gold, and silver, we believe. Bringing back the first treasures will be
some years in the future, but the industry is clearly starting to scale up
right now. We see this through SpaceX, Blue Origin, NASA, and other space
related activities. The newspapers talk about space flights for tourists
and for putting up satellites right now, but from the industry point of
view, and from US Nuclear’s point of view, the current flights of SpaceX,
Blue Origin, are mainly just practice for settling on Mars and for space
mining missions. There's lots of money to be made on developing new
technologies, as well as the planning side as advisers and researchers to
help us get ready to go out into space and bring back gazillion dollar
asteroids to make us all rich.
Robert Kraft:
All
right. Well, it closes out here today. What are a couple of things that
you'd like investors to know moving forward, obviously, from what you can
tell us?
Bob Goldstein:
I would like people to
know that US Nuclear is not just a startup. We're a company that has
products and sales that bring in revenue. We work very hard to produce
products that help industry to be green and sustainable. We are at the
cutting edge of various technologies, both with our in-house products, and
with the products of these companies where we buy a full or a minority
share. In most cases, we have a contract to be their major manufacturer.
So, for example, even if we spin off Grapheton at some time, we'll make
good money when we spin them off and we'll also be their primary
manufacturer. So, we'll make good bucks in our high-tech manufacturing
business.
Robert Kraft:
Very good. Well, with
that, Bob, where can our audience find more information about US Nuclear?
Bob Goldstein:
You will find us at
www.usnuclearcorp.com.
Robert Kraft:
Very good,
Bob, as always, great to see you. Thank you. Thank you so much for joining
me today. Good luck. Stay safe as we can. As a fellow Californian
layperson, stay safe. And I look forward to our next update.
Bob Goldstein:
We're really looking forward to it. Thanks,
Rob. All right.
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 regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com
CONTACT:
US Nuclear Corp. (OTCQB: UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com