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US Nuclear 2020 Year-End Shareholder Letter
US Nuclear 2020 Year-End Shareholder Letter.
About this update from Us Nuclear Corp.
[{"type":"text","content":"LOS ANGELES, CA / ACCESSWIRE / January 19, 2021 / US Nuclear Corp. (OTCQB:UCLE):Dear US Nuclear Corp. Shareholders,The very challenging year of 2020 has finally come to an end and our hearts and prayers go out to all COVID-19 victims, families, and friends. After such a tumultuous year for everyone, it is only appropriate to give you an update on US Nuclear's (OTCQB:UCLE) operations and strategic goals moving forward.COVID-19 restrictions, precautions, and confusion caused a stall in US Nuclear Corp's manufacturing process, which in turn, caused significantly lower revenues than our 2018 & 2019 levels. During this period, in order to protect our workers, we reduced the number of working staff, rotated work schedules, and hoarded our cash on-hand. As with many other companies, US Nuclear has office personnel working partially or entirely at home, but we are manufacturers and much of our work is done in our Los Angeles and Cincinnati plants. We have been solely focused on returning our operations and sales to full normality, whether our employees are working in-office or from home. Towards the end of Q4 2020, bookings and quote requests were increasing, so we are expecting 2021 to be a cash positive growth year.As you may already know, we offer a broad line of measurement equipment for ensuring the safety and quality of the air we breathe and the water we drink. More recently, we added chemical and biological sensors to our air and water monitors, including on our drones and underwater ROVs. US Nuclear products are competitive in their markets, and a number of them are the world's best and only source. Due to the supply and demand for these products, we recently hired three new sales people in order to assist us with a more aggressive marketing and sales strategy. When US Nuclear first started in 1946 as Technical Associates, it was a niche company selling primarily radiation detectors to America's new nuclear Navy and nuclear power plants. US Nuclear has since grown and we are now selling into much larger markets such as: national laboratories, hospitals, first responders hazmat, homeland security, government, and military.New products in the works include toxic material and bomb scanners for vehicles and containers inbound at our country's seaports, airports and border crossings. New services will include...