US Nuclear Corp (OTCMKTS: UCLE) is making a strong move up the charts since reversing off $0.50 lows a level the stock has found support at many times in the past. We covered the stock back in March of last year when it ran from its $0.50 base to highs of $2.85.
UCLE is a radiation and chemical detection holding company specializing in the development and manufacturing and sales of radiation and chemical 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.
US Nuclear Corp (OTCMKTS: UCLE) announced in September financial results for the second quarter ended June 30, 2019. Sales for the three months ended June 30, 2019 were $1,530,523, an increase of $968,995 or 172% as compared to the same period in 2018.
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“We had a very successful and productive second quarter in 2019. Key metrics are increasing, with sales revenue up 172% from the same period last year,” commented Robert I. Goldstein, President, CEO, and Chairman of US Nuclear Corp. “Leaving out the stock-based compensation, our business operation had a dollar profit of $338,112, which is the main reason for the cash increase of $424,797. The increase in sales revenue can be attributed to strong sales growth of our signature products, including: air quality monitors, tritium monitors, and forensic drones. Being first to market with our scientific drones allowed us to establish ourselves at the forefront of this fast-growing industry and we look forward to capitalizing on our momentum.”
US Nuclear Corp. also recently teamed up with QYSEA Technology to design and build new ‘DiveRAD’ product line, industrial underwater robots integrated with radiological, chemical, biological, and video sensors to monitor and protect the world’s vital water sources and marine life, such as reservoirs, seaports, around nuclear power plants, and environmentally sensitive areas.
UCLE has been on the rise after the Company announced it has signed a “Cooperation Agreement” with Dalian Zhonghe Scientific and Technological Development Co., a subsidiary of China National Nuclear Corporation (CNNC), to design, build, and mass produce radiation detectors and systems for the growing China nuclear market. China is the world’s major builder of nuclear power plants, with 46 in operation, 15 under construction, and around 200 planned. Each nuclear power plant requires about $8 million worth of radiation detection equipment.
Under this new cooperation agreement, US Nuclear will work with Dalian Zhonghe to design the perfect radiation detection systems for use in Chinese Nuclear Power Plants. These systems are planned to be built at a factory in China to be cost-competitive. Furthermore, this factory will be a new trading partner for US Nuclear, buying sub-assemblies and helping with any required exports to China. CNNC is the most important player in China’s applied nuclear technology field and is also the earliest company that can design, engineer, and manufacture such products.
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Currently trading at a $16 million market valuation UCLE has $1mm in the treasury, fast rising debt and significant revenues reporting $659,325 in sales for the 3 months ended September 30, 2019. UCLE is an exciting story in small caps; UCLE is a radiation and chemical detection holding company specializing in the development and manufacturing and sales of radiation and chemical detection instrumentation and they just signed a “Cooperation Agreement” with Dalian Zhonghe Scientific and Technological Development Co., a subsidiary of China National Nuclear Corporation (CNNC), to design, build, and mass produce radiation detectors and systems for the growing China nuclear market. We will be updating on UCLE when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with UCLE.
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We will be updating on UCLE when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with UCLE.