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Nuclear Solutions to Wall Street Reporter: We Have Technological Answer to the Nuclear Power's 50-Year-Old Waste Problem

Nuclear Solutions to Wall Street Reporter: We Have Technological Answer to the Nuclear Power's 50-Year-Old Waste Problem

Published 11-21-01

Submitted by Nuclear Solutions, Inc.

Nuclear Solutions, Inc.'s (OTCBB:NSOL) technology for radioactive waste remediation and electricity generation "is the solution the nuclear power industry has been looking for, for 50 years," the company told the Wall Street Reporter Internet service last week.

In a Nov. 16 Internet broadcast, NSOL President and CEO Dr. Paul M. Brown said, "We have a technology whereby we can render nuclear waste no longer radioactive. We can make it stable." He added, "The real beauty of this process is it actually produces power, so we have a safe, clean, efficient method of generating power that just happens to burn nuclear waste" as fuel.

The patented and patent-pending technology is an electron Accelerator-Driven System (ADS), the feasibility and validity of which has recently been confirmed by Japanese and French experts. Brown refers to the process, which stabilizes nuclear waste, as the HYPERCON(TM) ADS process.

Asked by the Wall Street Reporter whether the ADS process is revolutionizing, Brown responded, "extremely. The nuclear industry, when it was first born, gave us the promise of clean, cheap electric power. However, the nuclear waste issue has been a problem that has been unresolved for the last 50 years...The current solution is to put the waste into drums and bury it underground and, of course, that isn't a solution. Our process is the solution the nuclear industry has been looking for..."

The Wall Street Reporter suggested that many people would be surprised that such a solution should come out of the private sector, rather than from the government. But Brown explained, "The technology exists today. We've been working on it for three years. We can develop it right now. There isn't anything that has to be developed. And I was afraid that if I took this to a national laboratory or to the government, they'd spend the next 20 years researching it. That's not necessary. It works right now."

NSOL is currently engaged in computer modeling of its HYPERCON(TM) ADS process using the MCNP (Monte Carlo N-Particle) code, which the company has been expanding for photonuclear applications.

This press release may be deemed to contain forward-looking statement 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.

NOTES TO EDITORS:

1. Nuclear Solutions, Inc. (NSOL) is pioneering the application of photonuclear physics for the treatment of nuclear waste and the safe, efficient generation of electricity. Development of this patented and patent-pending technology could result in the elimination of nuclear waste and a new generation of nuclear reactors that are able to burn their own waste.

The application of photonuclear physics to nuclear waste is called Photodeactivation (a term coined by the inventor, Dr. Paul M. Brown). 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 are characteristically either not radioactive or radioactive with a short half-life.

NSOL's technology works on the laboratory scale, and preliminary computer simulations suggest 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. 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 strategy 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 electron accelerator-based photodisintegration process, incorporating the most recent advances in the photo-nuclear industry.

3. The technology could be developed into new applications for remediation of nuclear waste. Industrially, it would operate at a sub-critical level, so the heat produced by the process could also be used to generate electricity in a safe and environmentally benign manner.

Nuclear Solutions, Inc.

Nuclear Solutions, Inc.

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