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LOS ANGELES, CA – 
In recent years, a large percentage of Overhoff’s sales have been to:
· National labs for research and national defense
· Military for the Nuclear Navy and homeland security
· Nuclear power plants, especially heavy-water types, for reactor control and facility monitoring
· Industrial manufacturing (exit signs, emergency lighting, watch dials, gun sights, etc.)
· Pharmaceutical companies for developing and testing new drugs
Now, Overhoff sees a surge of new business stemming from the fusion power industry. Investment in the fusion power sector is rapidly growing, and according to the Global Fusion Industry survey of 2022, public funding for the year was $4.7 billion in the US, with private investments rising 139% from 2021 to $4.8 billion. There has also been major progress in the field, with the National Ignition Facility achieving a historic net gain of energy just this past December.
While Overhoff sales to the US, Canada, South Korea, and east Asia have always been, and continue to be very strong, the company is eager to increase sales in additional countries that are investing in fusion power. The US, UK, EU, and Japan are all investing very heavily in fusion power. China and Canada are also among the most advanced in terms of fusion startups and research projects. At the center there is ITER of course, which has received billions in funding from countries all over the world, with the EU alone allocating €5.61 billion for the period of 2021-2027.
Overhoff manufactures a wide variety of tritium monitoring instrumentation that will be pivotal to all these fusion energy projects, including portable and fixed tritium air monitors, in-line process monitors, stack monitors, air samplers, and special ionization chambers-electrometers.
Fusion is considered the holy grail of clean energy, and as we’ve seen above, it is quickly gaining more popularity and funding as a green, dependable source of base power. US Nuclear is looking forward to seeing the growth and progress of this industry and being a part of it by providing the best tritium monitoring instrumentation on the market.
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-QB: UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Richard Landry, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com
View the original release on www.newmediawire.com
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