US Nuclear Expansion in China

Los Angeles, CA, Feb. 20, 2018 (GLOBE NEWSWIRE) — In early January, 2018, the CEO of US Nuclear Corp. (OTC: UCLE) flew to Beijing, China with the purpose of discussing how US Nuclear can help improve Chinese nuclear customer’s access to the advanced, high-quality, more competitively priced products they need in order to meet China’s aggressive power plant construction growth targets. The goal is to expand USN offerings and to achieve substantial growth for US Nuclear markets in China beginning in 2018 and into the longer term.

Discussions are scheduled to continue in March as US Nuclear will attend Nuclear Industry China, a 4-day event being held from March 28-31, 2018, at the China International Exhibition Center in Beijing. This event allows US Nuclear to showcase its products for major industry sectors including:

  • Nuclear Power Plant and Fuel Cycle Equipment for Uranium, Thorium, Fusion

Featuring Smokestack, Liquid effluent, and Tritium monitors

  • Hospital, Medical, and Biotech

Featuring products used in Diagnostic Imaging and Oncology departments

  • Environmental Monitoring and Protection Systems

Featuring All-weather Drones with chemical and radiation sensors
Systems for protection and safety of rivers, lakes, and drinking water systems

CHINA NUCLEAR INDUSTRY BACKGROUND

US Nuclear has been providing nuclear equipment to China since the beginning of China’s nuclear age at Daya Bay, China’s first nuclear power plant. Equipment sales have been modest, but are now accelerating since US Nuclear’s pivot to China in 2015. Robert Goldstein, CEO of US Nuclear, commented, “The opening of our Beijing China office on February 25, 2017, has turned out to be a great move for us, in improving customer communications, service, and trust.  It has also greatly increased our presence and awareness of the gaps we can fill for a fast-growing industry that is in need of greater supply and lower costs.”

Mr. Goldstein further stated, “We make the best tritium monitors in the world, and each nuclear power plant has a need for over 6 million dollars of our equipment. China is now the world’s biggest builder of new nuclear plants and is the biggest opportunity for nuclear equipment suppliers, with 37 nuclear power units in operation, 20 nuclear reactors now under construction, and with aggressive plans for 200 units overall.”

Sources indicate that nuclear power is the only base load energy source that can completely replace coal on a large scale and that can provide a reliable power grid to defeat the widespread air pollution that is such an enormous problem in China today.

CONTACT:
US Nuclear Corp. (OTCBB: UCLE)
Robert I. Goldstein, President, CEO, and Chairman 
Rachel Boulds, Chief Financial Officer
(818) 883 7043
info@usnuclearcorp.com

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Kratos Receives $81 Million Unmanned Drone Systems Contract Award from U.S. Government Agency

SAN DIEGO, Feb. 20, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Unmanned Systems Division (USD) recently received a single award IDIQ contract with a maximum potential value of $81,000,000 from a U.S. Government Agency related to unmanned drone systems and associated command, control, and communications.  This contract award has a period of performance of approximately five years.  USD is an industry leader in the rapid design, development, and fielding of affordable high performance jet powered unmanned aerial drone systems for tactical, combat, and target applications. Work under this contract will be performed at secure Kratos facilities and at government locations.  Due to competitive, customer related and other considerations, no additional information will be provided at this time.

Steve Fendley, President of Unmanned Systems Division, said, “This recent contract award is another important milestone in the continued execution of our unmanned systems strategy to develop and apply our intellectual property technologies, as well as Government funded/owned IP, to support existing and evolving unmanned systems and their application in support of the warfighter.”

Eric DeMarco, President and CEO of Kratos, said, “Kratos Unmanned Systems Division has received a number of important contract awards over the past several weeks, including a $93 million award from the U.S. Army, a $23 million new production contract award and now this $81 million award.  We believe that each of these awards are representative of the continued successful execution of the strategy we began a few years ago to be the industry leader in the rapid development, demonstration and fielding of technology leading systems and products at an affordable cost in our core business areas of satellite communications, unmanned systems, microwave electronics, missile defense and training systems.”

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com 

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Moog Announces Agreement to Acquire VUES

EAST AURORA, N.Y., Feb. 16, 2018 (GLOBE NEWSWIRE) — Moog Inc. (NYSE:MOG.A) (NYSE:MOG.B) announced today that it has entered into a definitive agreement to acquire VUES Brno s.r.o. The purchase price is €53 million ($65 million U.S.) in cash. VUES is headquartered in Mostecka, Czech Republic, with additional facilities in Jarni and Slavkov u Brna. The transaction is subject to applicable regulatory approvals in Germany and customary closing conditions and is expected to happen within 30 to 60 days.

VUES designs and manufactures customized electric motors, generators and solutions. The company serves a variety of applications in the automation, automotive test, energy and industrial markets. Product lines include: servomotors, linear motors, generators, exciters, high speed machines and measuring/test stands.

“We are pleased to welcome VUES to Moog’s expanding line of high performance motion products,” said Pat Roche, President of Moog’s Industrial Systems segment. “This business aligns with our core business model of delivering a competitive advantage to our customers by providing custom motion control solutions. The VUES product offering, engineering expertise and manufacturing capability will strengthen our market position.”

VUES had 2017 sales of approximately €30 million ($37 million U.S.). The business was founded in 1947 and has a successful history of providing specialized machinery components to a diverse customer base in Europe.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at www.moog.com.

Cautionary Statement  

Information included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume” and “assume,” are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:

  • the markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate;
  • we operate in highly competitive markets with competitors who may have greater resources than we possess;
  • we depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs;
  • we make estimates in accounting for long-term contracts, and changes in these estimates may have significant impacts on our earnings;
  • we enter into fixed-price contracts, which could subject us to losses if we have cost overruns;
  • we may not realize the full amounts reflected in our backlog as revenue, which could adversely affect our future revenue and growth prospects;
  • if our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted;
  • contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment;
  • the loss of The Boeing Company as a customer or a significant reduction in sales to The Boeing Company could adversely impact our operating results;
  • our new product research and development efforts may not be successful which could reduce our sales and earnings;
  • our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete;
  • our business operations may be adversely affected by information systems interruptions, intrusions or new software implementations;
  • our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility;
  • significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could adversely affect our earnings and equity and increase our pension funding requirements;
  • a write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth;
  • our sales and earnings may be affected if we cannot identify, acquire or integrate strategic acquisitions, or if we engage in divesting activities;
  • our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments;
  • unforeseen exposure to additional income tax liabilities may affect our operating results;
  • government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business;
  • the failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages;
  • future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business;
  • our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs; and
  • we are involved in various legal proceedings, the outcome of which may be unfavorable to us.

These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.

Contact: Ann Marie Luhr

716-687-4225

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