U.S. Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
Commission file number 000-31959
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Date of Report (Date of earliest event reported): November 11, 2003
NUCLEAR SOLUTIONS, INC.
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(Name of Small Business Issuer in its Charter)
NEVADA 88-0433815
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(State of Incorporation) (IRS Employer Identification No.)
1050 Connecticut Ave., N.W. Ste.1000, Washington,D.C. 20036
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(Address of principal executive offices) (Zip Code)
Issuer's telephone number,( 202 ) 772 - 3133
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1050 Connecticut Ave NW, Suite 1000
Washington, DC 20036
Former Name, former address and former fiscal year if changed
since last report
Item 5. Other Events
On November 11, 2003 we made the following press release:
Nuclear Solutions Business Update- Highlights Patented, Principle-Proven Nuclear
Micro-Battery
WASHINGTON, D. C. - November 13, 2003 - Nuclear Solutions, Inc., (OTCBB:NSOL)
Patrick Herda, company CEO, provided an update on the Company's activities.
"Our business model is to develop technical solutions in the areas of nuclear
applications, defense and nanotechnologies, secure the intellectual property
rights, develop and package them so that they can be licensed to industry or
government for further commercialization. We believe that one of the keys to our
success is our ability to reach out to diverse areas of science and technology
and to assemble the right technical and business personnel suitable for specific
projects.
"During the last three months, we have expanded our team capabilities by
engaging additional management, scientific, legal and financial talent to
complement our business model. Additionally, our russian business development
office has interviewed and assembled a scientific advisory board consisting of
prominent russian scientists and technologists.
"Today, I will comment on one of our projects, nuclear micro-battery technology:
"We are developing, embeddable nuclear micro-batteries that can supply
long-lasting power for computer chips, micromotors, remote sensors, implantable
medical devices, and other defense and aerospace applications. Significantly, we
are forming a teaming arrangement with the Lawrence Livermore National
Laboratory (LLNL) to respond to requirements of the Radio Isotope Micro-power
Sources (RIMS) program of the U.S. Defense Advanced Research Projects Agency
(DARPA). Under the proposed teaming arrangement, DARPA would provide funding and
LLNL would manufacture, test and evaluate the nuclear micro-battery designs
being developed by Nuclear Solutions. Proof of principle was previously achieved
with an outside lab. The program is based on three U.S. Patents (5,087,533;
6,118,204; 6,238,812), to which we have acquired license option rights. We
believe that this is the right path for the development of nuclear micro-battery
technology and intend to utilize this model for our other projects.
Disclaimer: A limited amount of funding is available under the DARPA RIMS
program and is awarded on a competitive basis. There is no guarantee that we
will receive funding for this program and that the program will be successful.
The matters discussed in this press release are forward-looking statements that
involve a number of risks and uncertainties. The actual future results of the
Company could differ significantly from those statements. Factors that could
adversely affect actual results and performance include, among others, the
Company's limited operating history, dependence on key management, financing
requirements, technical difficulties commercializing any projects, government
regulation, technological change and competition. In any event, undue reliance
should not be placed on any forward-looking statements, which apply only as of
the date of this press release. Accordingly, reference should be made to the
Company's periodic filings with the Securities and Exchange Commission.
More information about Nuclear Solutions, Inc. may be found on its website,
www.nuclearsolutions.com.
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CONTACT: For Nuclear Solutions, Inc.
John Dempsey 202-772-3133
info@nuclearsolutions.com
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Nuclear Solutions, Inc.
/s/ Patrick Herda
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By: Patrick Herda
Title: President
Dated: November 13, 2003