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EQS-News: US Nuclear Corp
/ Key word(s): Financial
LOS ANGELES, CA - PFAS is ubiquitous even in our rainwater. It is said that “PFAS chemicals now contaminate virtually all Americans at birth.” With the new legally enforceable standard in effect, water utilities that don’t currently monitor for PFAS will have 3 years or less to complete initial measurement surveys. And they must inform the public of the level of PFAS measured. If PFAS is detected in violation of the EPA’s new limits, the utility companies must purchase and install new technologies (such as US Nuclear’s equipment) to monitor/reduce PFAS in their drinking water. The Biden administration has already identified about 6-10% of water utilities believed to be in violation, and to exceed the new limits and need to make changes, leading to healthier and safer drinking water for over one hundred million people. The EPA also announced that an additional $1 billion in federal funding is newly available to help municipal water utilities, owners of private wells, all water suppliers and water treatment plants to implement PFAS monitoring and treatment solutions. This funding is part of a $9 billion investment package through the Bipartisan Infrastructure Law to help communities tackle PFAS contamination, and an additional $21 billion is available for general drinking water improvements which includes monitoring and treating PFAS contamination, as well as for the many other toxic chemical, biological and radiological contaminants often found in drinking water which US Nuclear instruments can also monitor. This is an unprecedented amount of funding being allocated to measure and treat PFAS contamination, and US Nuclear is in a prime position to capitalize on this funding with their revolutionary PFAS monitoring products. Safe Harbor Act This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com. CONTACT: US Nuclear Corp. (OTC-QB: UCLE) Robert I. Goldstein, President, CEO, and Chairman Michael Hastings, Chief Financial Officer Ph: (818) 883 7043 Email: info@usnuclearcorp.com News Source: US Nuclear Corp
15.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | US Nuclear Corp |
| United States | |
| ISIN: | US91733U1060 |
| EQS News ID: | 1880675 |
| End of News | EQS News Service |
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1880675 15.04.2024 CET/CEST