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    UCLE   US91733U1060

US NUCLEAR CORP.

(UCLE)
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Think About Taking Your First US Nuclear Fusion Powered Trip to Mars and Back

03/02/2021 | 08:31am EDT

LOS ANGELES, CA, March 02, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- US Nuclear (OTCQB: UCLE) and MIFTI’s fusion power generator would be ideal to power spaceship propulsion, as its nuclear fusion power uses a lightweight, safe, and low-cost fuel, generating four times as much energy as nuclear fission, and 10,000,000 times as much as chemical rocket fuels.

On February 18, 2021, NASA’s advanced Perseverance rover touched down on Mars and is now seeking evidence of native life on the red planet.  Sooner than you think, human engineers and adventurers may be building the first town on Mars.  While we have made great strides in robotics technology, the next step in the journey is sending humans to Mars.  In order to send a crewed mission to Mars, NASA is focusing on nuclear electric or nuclear thermal propulsion systems for minimizing the time and fuel it takes to travel to Mars and back.   

Jim Reuter, associate administrator of NASA’s Space Technology Mission Directorate, said NASA is “investing in technologies that could enable crewed missions to Mars, and looks forward to seeing what innovations industry offer in nuclear propulsion.”  NASA released a solicitation on February 12, 2021 asking the industry for preliminary reactor design concepts for a nuclear thermal propulsion system.  Technology development has already begun for sending a crewed mission to Mars as early as the 2030’s. 

Nuclear power propulsion would allow the crewed mission to be completed with much less fuel and in a shorter time frame.  NASA said that “to keep the round-trip crewed mission duration to about two years, at a minimum, NASA is looking at nuclear-enabled transportation systems to facilitate shorter-stay surface missions.”  Nuclear fuels and power systems, such as the MIFTI fusion power generator, can deliver 10,000,000 times the work (or energy) per payload pound than the chemical rocket fuels traditionally used. 

Nuclear fusion can be used for both thermal nuclear propulsion and electric nuclear propulsion, and it is estimated that it would only take 3 months to reach Mars using a fusion powered propulsion system.  In addition, the fuel for fusion power can be generated anywhere there is water or ice, and unlike fission, is not dependent on the ready supply of enriched Uranium.  Thermal nuclear propulsion gives high thrust and is especially important to shorten flight time for nearby missions to Venus, Mars, and the inner asteroid belt.  Electric nuclear propulsion is high efficiency but lower thrust, and can give continuous acceleration for many years without refueling, thus building up to incredible speeds for trips to Jupiter, Pluto, and even to other stars. 

NASA goes on to say that “nuclear propulsion can enable robust and efficient exploration beyond the Moon and it will continue to develop, test, and mature various propulsion technologies.”  US Nuclear and MIFTI are just a few years away from building the world’s first fusion power generator which could later be used to power space travel. 

Source: https://www.nasa.gov/directorates/spacetech/nuclear-propulsion-could-help-get-humans-to-mars-faster

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

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US Nuclear Corp

Credits: NASA
Journey to Mars

Credits: NASA

© GlobeNewswire 2021
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Financials (USD)
Sales 2020 1,75 M - -
Net income 2020 -3,54 M - -
Net Debt 2020 0,60 M - -
P/E ratio 2020 -1,14x
Yield 2020 -
Capitalization 13,9 M 13,9 M -
EV / Sales 2019 3,85x
EV / Sales 2020 3,01x
Nbr of Employees 20
Free-Float 52,1%
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Managers and Directors
Robert I. Goldstein Chairman, President & Chief Executive Officer
Rachel Boulds Chief Financial Officer & Secretary
Richard Landry COO & Director-Investor Relations
Michael G. Hastings Director
Dell Williamson Director
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