WASHINGTON, Sept. 14, 2004 (PRIMEZONE) -- Nuclear Solutions, Inc. (OTCBB:NSOL) CEO, Patrick Herda today issued a general business update:
"Our main business objective at Nuclear Solutions is to develop licensable product technologies for use in products and services intended for homeland security, defense, nanotechnology, and environmental technology applications.
Over the next few months, we will continue to solidify intellectual rights to our technological concepts through new patent applications and we will continue to seek both government and private sources of money to fund operations and technology development.
Since it is our goal to generate revenue as soon as possible, we are currently negotiating the rights to products in the homeland security and defense sectors that we believe are ready for commercialization. We hope to provide additional details in the near future."
About Nuclear Solutions, Inc.:
Nuclear Solutions, based in Washington, D.C., is an emerging innovative technology development company. We are committed to exploring, developing, and commercializing viable product technologies that will enable partner companies to offer new and improved products in the following areas:
Nanotechnology/MEMS applications
The development of long-lived nuclear micro-power sources, based on three U.S. Patents (5,087,533; 6,118,204; 6,238,812), to power applications in the emerging field of Nanotechnology, Micro-Electro-Mechanical Systems, and the new generation of low power microelectronics.
Homeland Security & Defense
The development of advanced technologies and methods to detect shielded nuclear materials and smuggled nuclear weapons.
Environmental Technology
Development of a patent pending process to remediate tritiated water via an advanced separation technique.
More information about Nuclear Solutions, Inc. may be found on its website, www.nuclearsolutions.com.
Disclaimer: The matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results for the Company could differ significantly from those statements. Factors that could adversely affect actual results and performance include, among others, the Company's limited operating history, dependence on key management, financing requirements, technical difficulties commercializing any projects, government regulation, technological change, and competition. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the Company's periodic filings with the U.S. Securities and Exchange Commission.