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Nuclear Solutions Expands Technology Portfolio to Decontaminate Radioactive Wastewater

Nuclear Solutions Expands Technology Portfolio to Decontaminate Radioactive Wastewater

Published 03-14-02

Submitted by Nuclear Solutions, Inc.

Nuclear Solutions Inc. (OTCBB:NSOL) announced today that it has obtained the exclusive worldwide rights to a proprietary technology for the removal of radioactive isotopes from contaminated wastewater. Water containing tritium and deuterium is currently stored in several locations worldwide due to the expense of available methods of treatment. Severe health problems for humans and animals are linked to these contaminants and pose a worldwide environmental threat.

The technology, referred to as "GHR," was obtained from the Institute for Industrial Mathematics, Inc (IIM), of Beer-Sheva, Israel. The acquisition of GHR is part of NSOL's strategy to diversify its technology portfolio into complementary nuclear waste remediation areas that have a high potential for revenue generation in the short-term, and that are in line with the company's goal of ridding the environment of nuclear waste. Water containing tritium and deuterium are produced in significant quantities as a by-product of nuclear reactor operations and weapons complex activities. While Tritium has a half-life of only 12.5 years, it poses a significant heath risk since tritiated water is processed by plants, animals and humans like ordinary water. Tritium can also become transformed into other chemicals or proteins needed by the body, as well as integrating itself into DNA. Tritium is also known to affect developing fetuses. Regulations for restricting the concentrations of tritium in drinking water are based primarily on cancer risk to adults.

"GHR is a ground breaking technology in the treatment of water containing certain radioactive isotopes. We feel very fortunate to be working with the incredible scientific team at IIM in Israel," said Dr. Paul M. Brown, President and CEO of Nuclear Solutions. "There are literally billions of gallons of radioactively contaminated water stored around the world waiting for a cost effective solution. While we can't yet publicly disclose the details of the technology due to protection of the intellectual property, we believe that GHR will represent the most cost effectively method for removal of contaminant isotopes such as tritium and others from nuclear wastewater, and we intend to secure a place in the commercial water remediation market."

Dr. Brown also pointed out that the GHR technology is completely different and should not be confused with the company's proprietary photodeactivation technology (Hypercon(TM) ADS). The GHR process is a highly efficient, chemically based filtration system that uses an advanced water-reactor to extract radioactive elements from nuclear wastewater. The extracted isotopes are then collected and processed for appropriate disposal. Under the terms of the agreement, IIM will perform the additional research required to prepare GHR technology for commercial application. Upon conclusion of the commercialization phase, which is expected to last 12 to 15 months, IIM and NSOL will aggressively pursue the filling of worldwide patents. IIM will own the intellectual property and NSOL will have the exclusive worldwide rights for a period of 20 years.

IIM is associated with Ben-Gurion University in Beer-Sheva, and employs a group of highly qualified applied mathematicians and scientists dedicated to solving practical problems. The 20 staff members of the Institute share about 400 years of experience in applied science, have published and taught extensively.

Nuclear Solutions' flagship, proprietary technology, the HYPERCON(TM) ADS process, is an X-ray based photodisintegration process, which in currently in development as a possible new application for the remediation of nuclear waste. The proposed process would operate at a sub-critical level, and be inherently safe. Any excess heat produced by the process could also be recovered to generate electricity. The application of photonuclear physics to nuclear waste is called Photodeactivation. 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 can be characteristically either not radioactive or radioactive with a short half-life.

DISCLAIMER:

This press release may be deemed to contain forward-looking statements 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. Several methods for the extraction of tritium from water are currently available. However these methods such as chemical, electrolytic, ion exchange, or distillation systems have high costs associated with their operation. As a result significant quantities of tritium-contaminated water are being stored rather than treated due to cost concerns. The storage of tritium-contaminated water poses a risk to the environment due to the high mobility of water after a containment failure.

3. Currently the funding that is available for the treatment of nuclear wastewater is not sufficient to operate available treatment methods. The GHR process, which is envisioned for rapid processing as well as low energy usage, has the potential to offer a cost-effective solution to industry as well as be profitable to operate.

4. NSOL plans to capitalize on GHR technology by forming strategic alliances and joint ventures with well-established leaders in the nuclear cleanup industry. Continued revenue streams are expected through operation and licensing of the technology. NSOL Executive Advisors- Biographies: Eric Lindeman:

Lindeman brings over 15 years of commercial nuclear experience to the Executive Advisory Board. As director of the Washington, D.C.-based Washington Nuclear Corporation, Lindeman works with all segments of the commercial nuclear power industry to provide consulting, business development, and strategic advice to companies and governments in the United States, Asia, Australia, Canada, Russia, and Europe. He has also worked in government and public affairs, and as an award-winning journalist and managing editor for numerous nuclear industry publications.

Dr. John Powers:

From 1972 to 1978, he served as a consultant to the Department of Defense, the Department of Energy, the Energy Research and Development Administration (ERDA) and the Federal Energy Administration. During this period, he conducted assessments of advanced weapons systems, simulated alternative electric energy futures for the ERDA and developed the National Coal Model. In 1978, Dr. Powers was appointed Director of R&D strategies for the Department of Energy. His first project reported to President Carter on Nuclear Waste Management. In 1983, he joined the Federal Emergency Management Agency and headed the Office of Civil Preparedness. As a senior policy advisor from 1987 to 1993, he played a major role in reformulating the nation's policies on the conduct of nuclear war. From 1996 to 1998, Dr. Powers served as Commissioner and the Executive Director of the President's Commission on Critical Infrastructure Protection. Dr. Powers will now advise the Company on the application of its unique science to both governments and private utilities who are in dire need for the technology.

Dr. Don Hunsaker:

Dr. Hunsaker brings to Nuclear Solutions, Inc. over 35 years of experience in the fields of biological research, education and resource management. As President of The Environmental Trust, a Professor of Biology at San Diego State University, and an active research scientist, Dr. Hunsaker has represented United States environmental science programs worldwide. Additionally, he has served as principal investigator at San Diego State University and Hubbs Sea World Research Institute since 1960. Dr. Hunsaker will contribute his environmental expertise to Nuclear Solutions, Inc. as an Executive Advisory board member. This appointment to the advisory board provides him with the opportunity to participate in an environmentally sound, but technologically advanced solution for the transmutation of nuclear waste. The higher goal being the prevention of further nuclear contamination to our environment and water resources.

Information in German at www.zockstocks.com.

Nuclear Solutions, Inc.

Nuclear Solutions, Inc.

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