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This press release was originally distributed via the eWire press wire service (2002–2016). It is preserved here as a historical record.
Nuclear Solutions, Inc. issues developmental update for GHR tritium wastewater treatment technology
ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.
Nuclear Solutions, Inc. issues developmental update for GHR tritium wastewater treatment technology
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FOR IMMEDIATE RELEASE
Nuclear Solutions, Inc. issues developmental update for GHR tritium wastewater treatment technology
DISTRICT OF COLUMBIA, WASHINGTON, Jan. 29 -/E-Wire/-- John Dempsey, President and CEO of Nuclear Solutions Inc. (OTCBB: NSOL) issued the following statement:
We are pleased to report that our GHR tritium remediation project is progressing according to our expectations. Our V.P of Special Projects, Dr. Adrian Joseph recently met with our associates at the Institute of Industrial Mathematics in Beer Sheeva, Israel in order to confirm the progress of our GHR project.
The institute's project assessment indicates that the GHR project should be completed in the fourth quarter of this year. Dr. Adir Pridor, Director of the Institute stated, "[The] work has proceeded according to schedule and current achievements constitute very promising indicators towards completing all planned goals on time"
We are also proud to announce that we have recently retained an experienced and impeccable legal team to assist us in the area of corporate law as well as securing federal support for our nuclear-environmental technologies.
Furthermore, we shall be launching a new web site shortly. Our intention for the new web site is to provide information to the public about our technologies and our unique mission and vision as a purveyor of solutions to the nuclear industry.
I would like to thank our shareholders as always for their continued support. The management of the company has invested a tremendous amount of time end effort on behalf of the shareholders. As a result, we have diversified our technology base and expect to produce tangible results for our shareholders through the technologies we intend to bring to the market in the near-term.
Safe Harbor Statement- Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "Anticipate, "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. 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 Securities and Exchange Commission.
1. Water contaminated with tritium is produced in significant quantities as a by-product of nuclear reactor operations and weapons complex activities. While Tritium has a half-life of only 12.5 years, it poses a significant heath risk since tritiated water is absorbed by plants, animals and humans like ordinary water. Tritium can also become transformed into other chemicals or proteins needed by the body, as well as integrating itself into DNA. Tritium is also known to affect developing fetuses. Regulations for restricting the concentrations of tritium in drinking water are based primarily on cancer risk to adults.
2. The GHR process, which is envisioned for rapid processing as well as low energy usage, has the potential to offer a cost-effective solution to industry as well as be profitable to operate.
3. NSOL plans to capitalize on GHR technology by forming strategic alliances and joint ventures with well-established leaders in the nuclear cleanup industry. Continued revenue streams are expected through operation and licensing of the technology
Nuclear Solutions, Inc
For Nuclear Solutions, Inc.,
John Dempsey [REDACTED-PHONE],
[REDACTED-EMAIL],
For Due Diligence Packages Contact,
Paul Kuntz, 800/518-1988,
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