NSOL Announced Today that it is Submitting for a Technology Grant Under the U.S. Department of Energy's Nuclear Research Initiative (NERI)

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NSOL Announced Today that it is Submitting for a Technology Grant Under the U.S. Department of Energy's Nuclear Research Initiative (NERI)

IDAHO, MERIDIAN, Feb. 20 -/E-Wire/-- Nuclear Solutions Inc. (OTCBB:NSOL) announced today that it has submitted a "Notice of Intent to Apply" for a technology grant under the U.S. Department of Energy's (DOE) Nuclear Energy Research Initiative (NERI) solicitation.

Nuclear Solutions, Inc. intends to file a subsequent NERI grant application to study its patented and patent-pending Hypercon (TM) ADS process for the transmutation of nuclear waste in collaboration with Los Alamos National Laboratory and North Carolina State University, under the Advanced Nuclear Energy Systems Scope of Work element. The title of the application is, Study of Photonuclear-Based Accelerator-Driven Sub-Critical Reactor Systems by Monte Carlo Simulation.

"We are confident that our process can handle radioactive waste efficiently," said Dr. Paul M. Brown, President and CEO of Nuclear Solutions. "But we still have much to demonstrate to the scientific community, to have this technology accepted as a practical method for generating power. We can achieve this by working with respected research institutions, like Los Alamos and NC State, to help us arrive at the right conclusions about our proposed approach. We anticipate this will be the beginning of a long-term development relationship between Nuclear Solutions, North Carolina State and Los Alamos National Labs. This study will allow us to evaluate system performance such as reaction efficiency, energy balance and other parameters," Dr. Brown concluded.

DOE's Office of Nuclear Energy, Science and Technology began the NERI program in 1999. It is intended to facilitate long-term domestic use of nuclear energy by addressing technical and scientific obstacles to the future use of nuclear energy, including waste disposition, economics, and non-proliferation.

Awards for the FY2002 NERI program are expected to be announced by mid-July. Projects may have durations of one to three years and may be carried out by U.S. universities, industry, non-profit and research organizations. DOE has awarded 69 grants since the inception of the NERI program.

Typical grants under the NERI program range from $200,000 to $450,000 annually, although awards may be higher.

In its solicitation for NERI applications, DOE said' "The National Energy Policy forms the core element in the planning for the Department'[s nuclear energy research programs addressing, among other areas, the research and development of advanced reactor and fuel cycle concepts and the associated enabling sciences and technologies.

Dr. Paul M. Brown added that Nuclear Solutions intends to apply for a Cooperative Research and Development Agreement, known as a CRADA, with DOE. He noted that the Bush administration's National Energy Policy "supports the expansion of nuclear technologies as a major component in the nation's energy mix and to meet the nation's future energy requirements."

This press release may be deemed to contain forward-looking statements that could affect the financial condition and results of operations of the company and its subsidiaries. Further information on potential factors that could affect financial conditions, results of operations, and expansion projects of the company are included in filings with the U.S. Securities and Exchange Commission.

1. The application of photonuclear physics to nuclear waste is called Photodeactivation. Photodeactivation involves the irradiation of specific radioactive isotopes to force the emission of a neutron, thereby producing an isotope of reduced atomic mass. These resultant isotopes can be characteristically either not radioactive or radioactive with a short half-life.

The fundamental mechanism works on the laboratory scale, and preliminary research suggests that this technology will also work on the industrial scale. NSOL is taking the steps necessary for commercialization of the technology. As for most of the advanced nuclear technologies developed today, computer simulation is one of the most important and necessary steps. NSOL will use and improve a series of nuclear simulation codes (MCNP). The new set of simulation codes will allow the NSOL research and development team to design, test, improve, and develop experiments and commercial facilities through computer modeling.

NSOL plans to capitalize on its patent and patent-pending technology by forming strategic alliances and joint ventures with well-established leaders in the nuclear industry. Continued revenue streams are expected through licensing of the technology with both upfront fees and ongoing royalties.

2. NSOL's technology, the HYPERCON (TM) ADS process, is an X-ray based photodisintegration process. The technology could be developed into new applications for remediation of nuclear waste. The proposed process would operate at a sub-critical level, and be inherently safe. Any excess heat produced by the process could also be recovered to generate electricity.

Nuclear Solutions, Inc.

For Nuclear Solutions, Inc., Dr. Paul M. Brown, 208/846-7868, [REDACTED-EMAIL],

or For information or due diligence packages,

Paul Kuntz, 800/518-1988, [REDACTED-EMAIL]

http://www.nuclearsolutions.com

http://www.zockstocks.com

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