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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  US Nuclear Corp.    UCLE

US NUCLEAR CORP.

(UCLE)
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US Nuclear and Grapheton Brain Implants to Help Immobilized Patients

11/02/2020 | 08:30am EST

LOS ANGELES, CA, Nov. 02, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire – US Nuclear (OTC: UCLE) and Grapheton’s implantable bioelectronic sensors can be used to help treat millions of people world-wide suffering from mobility problems. Neuroscientists stress there is a large unmet demand to develop implantable sensors and the artificial intelligence required to translate the brain signals into specific commands or actions. As many as 500,000 people worldwide suffer spinal cord injuries every year and approximately 1.7% of the U.S. population or 5.4 million people suffer from some form of paralysis.  Furthermore, COVID-19 has caused an increase in the number of strokes, especially among younger individuals.  

Fortunately, Grapheton has already developed various types of implantable brain sensors, including ECoG (electrocorticography- monitoring the electrical activity of the brain), spinal stimulation probes, and brain chemical sensors, all of which are already in use at various research centers. Unlike most other developers, Grapheton’s probes are biocompatible, thus avoiding inflammation.  Grapheton already has several other patented advantages that solve some of the issues with the current technology, including: 

  1. Created new multifunctional probes for simultaneous electrical and chemical detection over large brain area neural circuits.
  2. New graphene-polymer carbon-based electrode that doesn’t corrode and can last as long as 40 years or more, thereby eliminating or greatly reducing the surgery required for maintenance.  Current probes from other providers only last between 1-5 years before requiring surgery again.  
  3. Grapheton fabricates their own implantable integrated circuits. In the future, these may supplement or augment brain function.
  4. New self-charging battery that uses the brain’s own salty liquid environment as the power source, negating the need for additional cranial surgeries for battery replacement and maintenance.  
  5. New two-way electrical and chemical communication with brain neurons, which allows more effective, tailored, and on-demand electrical stimulation, and eliminates most of the current side-effects thus allowing treatment of a wider variety of patients. 

Recent research in neurotechnology is aimed at recording as many brain cells or regions as possible in order to provide more precise data on the signals that govern speech, walking, and grasping.  These signals are transmitted to a control unit, which are processed and translated into instructions, and can then be sent into a robotic device or back into the body’s nervous system to produce movement, vision, or even the sensation of touch. The technology is still in the early stages, but will continuously improve with further research and clinical trials that are already underway.  

US Nuclear and Grapheton’s brain-machine interface technology has tremendous potential for helping immobilized patients gain mobility once again and perform actions that would have never been possible without this revolutionary product.  

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. (OTC: UCLE)
Robert I. Goldstein, President, CEO, and Chairman 
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com

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© GlobeNewswire 2020
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Financials (USD)
Sales 2019 3,54 M - -
Net income 2019 -3,16 M - -
Net cash 2019 0,10 M - -
P/E ratio 2019 -4,28x
Yield 2019 -
Capitalization 7,41 M 7,41 M -
EV / Sales 2018 2,02x
EV / Sales 2019 3,85x
Nbr of Employees 20
Free-Float 48,4%
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Managers and Directors
NameTitle
Robert I. Goldstein Chairman, President & Chief Executive Officer
Richard Landry COO & Director-Investor Relations
Rachel Boulds Chief Financial Officer & Secretary
Michael G. Hastings Director
Dell Williamson Director
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