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Transportation equipment industry

Nuclear Solutions, Inc. Announces Strategic Business Move with Ethanol Synthesis Facilities

Strategic Insights

— 2 min read

Nuclear Solutions, Inc. has made a significant announcement regarding its subsidiary, Fuel Frontiers, Inc., which is planning to adopt a multi-corporation business structure to manage operations of its proposed waste-to-ethanol production facilities. This move is expected to be beneficial for investors, as it will allow Fuel Frontiers to better manage its multiple ethanol synthesis facilities and limit liability and risk. The decision comes after a recommendation from a potential underwriter with which Fuel Frontiers is in negotiations to lead the placement of an $84 million tax-exempt bond offering in connection with a proposed ethanol synthesis plant in Dover Township, New Jersey.

Key Takeaways:

  • Nuclear Solutions, Inc. (OTCBB: NSOL) is engaged in the research, development, and commercialization of innovative product technologies, including gravimetric shielded nuclear material/portable nuclear weapon detector, embeddable nuclear micro-batteries, and tritiated water separation technology.
  • The company's subsidiary, Fuel Frontiers, Inc., has decided to adopt a multi-corporation business structure to manage operations of its planned waste-to-ethanol production facilities.
  • This structure will allow Fuel Frontiers to incorporate each of its proposed waste-to-ethanol conversion plants as totally-owned, but independent and separate business entities.
  • The decision was made based on the recommendation of a potential underwriter with which Fuel Frontiers is in negotiations to lead the placement of an $84 million tax-exempt bond offering.
  • Nuclear Solutions, Inc.'s President and CEO, Patrick Herda, stated that the multi-corporation structure will best manage the multiple ethanol synthesis facilities and limit liability and risk.
  • Fuel Frontiers proposes to utilize commercially available and proprietary technologies to transform low-value, end-of-life carbonaceous waste materials into high-value, environmentally friendly, clean-burning ethanol.
  • The company has a strategic alliance agreement with Connecticut-based Startech Environmental Corporation to gain access to its innovative, proven, and proprietary Plasma Converter(TM) System.

Statistics:

  • $84 million: the value of the tax-exempt bond offering in connection with a proposed ethanol synthesis plant in Dover Township, New Jersey.
  • 100,000: the number of free trading shares of stock in Nuclear Solutions, Inc. that Market Pulse News Alert received as compensation from a third party.
  • 20,000: the number of shares of stock in Nuclear Solutions, Inc. that Market Pulse News Alert purchased in the open market for a total purchase price of $26,415.

Sources:

  • Market Pulse News Alert (market-pulse.com)
  • Comtex SmarTrend(SM) Alert (cstadirect.com)
  • Comtex News Network, Inc. (comtex.com)
  • Nuclear Solutions, Inc. (nuclearsolutions.com)
  • Fuel Frontiers, Inc. (fuelfrontiers.com)
  • Startech Environmental Corporation (startechenv.com)

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