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US Nuclear Corp signs agreements with Chinese nuclear corporation

US Nuclear Completes $256,626 Shipment to China, Signs New Agreement With CNNC Subsidiary, Intrado, March 22, 2021 LOS ANGELES, CA, (GLOBE NEWSWIRE) — via NewMediaWire – US Nuclear Corp. (OTCQB: UCLE) recently completed a shipment to China of USN’S popular tritium and carbon-14 air samplers as well as portable tritium monitors worth a total of $256,626.

Furthermore, as part of US Nuclear’s expansion into the Chinese market, US Nuclear signed a new “Cooperation Agreement” on March 1, 2021 with Dalian Zhonghe Scientific and Technological Development Co., a subsidiary of China National Nuclear Corporation (CNNC). Together, the companies will work to design the perfect instrumentation to outfit Chinese nuclear power plants.  The instruments are planned to be built at a local factory in China to be cost-competitive and will be optimized for Chinese operators based on the local regulations and procedures.  This can be a game changer since currently 80% of nuclear instruments purchased are imported into China at a high cost, and the functionality often does not fit local procedures, regulations, and language.

US Nuclear already has a local sales office in Beijing, China, and this new cooperation agreement with Dalian Zhonghe will help US Nuclear capture even more of the burgeoning market for nuclear power and radiation detection equipment in China.

The China National Nuclear Corporation (CNNC) controls most nuclear sector business including R&D, engineering design, uranium exploration and mining, enrichment, fuel fabrication, reprocessing, and waste disposal.  It is also said to be the major investor in all nuclear plants in China.

China’s Nuclear Power Measurement Market

China is by far the world’s most active builder of nuclear power with plans to surpass the U.S. as the world’s top producer of nuclear energy by as early as 2030…………

China National Nuclear Corporation (CNNC) designs and builds nuclear power plants and oversees all aspects of China’s civilian and military nuclear programs.  ………  China National Nuclear Corporation (CNNC) designs and builds nuclear power plants and oversees all aspects of China’s civilian and military nuclear programs.  https://currently.att.yahoo.com/att/us-nuclear-completes-256-626-123000822.html

March 23, 2021 - Posted by Christina Macpherson | business and costs, China, politics international, USA