ATLANTA, Aug. 28, 2006 (PRIMEZONE) -- Nuclear Solutions, Inc. (OTCBB:NSOL) announced that the company is now profiled on Market-Pulse.com. Nuclear Solutions engages in the research, development, and commercialization of innovative product technologies to address emerging market opportunities in the fields of homeland security, nanotechnology, and nuclear remediation. It develops and licenses gravimetric shielded nuclear material/portable nuclear weapon detector, which screens trucks and shipping containers in for the presence of shielded nuclear weapons useable materials, such as uranium and plutonium; embeddable nuclear micro-batteries that supplies power for computer chips, micromotors, remote sensors, implantable medical devices, and other defense and aerospace applications; and tritiated water separation technology, a method used to reduce the volume of stored water contaminated with tritium, the radioactive isotope of hydrogen. Market Pulse's profile focuses on NSOL's subsidiary, Fuel Frontiers, Inc., NSOL's business model, the technologies, strategic partners, management, recent developments and the future. Individuals interested in more information on the company can view the profile at http://www.market-pulse.com/nsolprofile.htm.
Nuclear Solutions, through its subsidiary, Fuel Frontiers, Inc., also intends to design, finance, construct, and operate multiple ethanol synthesis facilities worldwide. Fuel Frontiers proposes to utilize commercially available and proprietary technologies to transform low-value, end-of-life carbonaceous waste materials such as waste coal, used tires, wood wastes, biomass, discarded corn stalks and other agricultural by-products, into high-value, environmentally friendly, clean-burning ethanol. It has a strategic relationship with Multipartner, S.P.A for consulting and developmental services in Europe. NSOL intends to commercialize their technologies through: strategic partners, joint-venture partners, licensees, and other customers who will carry out project implementation, manufacturing, end-user marketing activities, and deployment of their technologies. The company intends to generate revenue from the licensure, sale, and other usage agreements associated with their technologies.
Nuclear Solutions has a license agreement with I.P. Technology Holding, Inc. (IPTH) granting IPTH a limited license for the right to the purchase and resell products based on NSOL's patent pending technology for the detection of shielded fissile nuclear materials to all non-federal police and fire agencies in the United States for the patent life of the technology. To the extent this technology is commercialized, NSOL is entitled to an eight (8%) percent royalty payment on all IPTH gross revenue related to this technology.
According to Bernard R. Schmitt, CEO of Market Pulse, "We are very excited to introduce Nuclear Solutions, Inc. to the investment community. Nuclear Solutions has made excellent fundamental strides over the last few months. NSOL is poised to become a significant player in the homeland security and defense, nanotechnology, nuclear remediation and synthetic ethanol industries." Bernard Schmitt also noted that, "As a partner to the industry, it is Nuclear Solutions' goal to serve the nuclear, environmental, and defense industries as a purveyor of specialized nuclear technologies. This little known company could be the next discovered gem in this industry."
The company recently announced they have entered into an agreement with Access Capital Investment Group, Inc., an institutional leader of non-bank funding for growing businesses, to assist in securing working capital. The funding will facilitate acceleration of Nuclear Solutions' multiple ethanol production projects. President and CEO Patrick Herda stated, "We are pleased to partner with Access Capital to open doors to financing that can prove pivotal to our efforts to supply the ethanol market on parallel fronts that include producing ethanol synthetically and through innovative and potentially cost-reducing adaptations to bio-ethanol technology. We have spent a significant amount of time over the last few months developing proprietary advances for enhancing synthetic and bio-ethanol production. As we continue to move closer toward announcing key developments regarding our dual approach to ethanol production, we welcome the confidence Access Capital has in our business model and in its value to attract suitable funding."
Nuclear Solutions, Inc. is an innovative technology development company committed to exploring, developing, and commercializing viable products in the areas of nanotechnology, environmental technology, homeland security and defense, and, most recently, alternative fuels. In August 2005, Nuclear Solutions, Inc. established Fuel Frontiers, Inc., a subsidiary implementing its own unique business model to utilize commercially available and proprietary technologies to transform low-value, end-of-life carbonaceous waste materials such as waste coal, used tires, wood wastes, biomass, discarded corn stalks and other agricultural by-products, into high-value, environmentally friendly, clean-burning ethanol. With its global Strategic Alliance Agreement with Connecticut-based Startech Environmental Corporation, FFI gains access to Startech's innovative, proven and proprietary Plasma Converter(tm) System, which is proposed for use in planned facilities to transform feedstock materials into ethanol. Currently, FFI reports its operations and financial results on a consolidated basis within Nuclear Solutions, Inc.'s public filings. Visit www.nuclearsolutions.com or www.fuelfrontiers.com for additional information.
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