UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) APRIL 8, 2002
NUCLEAR SOLUTIONS, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Nevada 0-31959 88-0433815
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification)
1530 East Commercial St., Meridian, ID 83642
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (208) 846-7868
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1
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
This disclosure is being made pursuant to Regulation FD.
Nuclear Solutions, Inc. issued the attached press release regarding
the death of Dr. Paul M. Brown, its President and CEO.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS
(C) Exhibit Index
(99) Press Release by Nuclear Solutions, Inc. dated April 8, 2002.
SIGNATURE
Pursuant to the requirements 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/ Jackie I. Brown
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Jackie I. Brown, Secretary
April 8, 2002
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Exhibit
(99) Press Release by Nuclear Solutions, Inc. dated April 8, 2002.
Nuclear Solutions, Inc. Regrets Loss of Dr. Paul M. Brown
MERIDIAN, Idaho, Apr 8, 2002 (BUSINESS WIRE) -- Nuclear Solutions, Inc.
(OTCBB: NSOL) regretfully announces the death of Dr. Paul M. Brown.
Dr. Brown was killed on April 7, 2002 in an automobile accident in Boise,
Idaho. He developed the idea for the Company's patented photo remediation
technology for the remediation of nuclear waste that will now be his legacy.
He is survived by his wife and two children.
"Our team is saddened by this tragic loss, however, we remain fully committed
to realizing the vision that Dr. Brown inspired us with. His vision holds the
promise of safe and economical treatment of nuclear waste and the potential
for a new generation of power reactors," said John Dempsey, Executive Vice
President and Chief Operating Officer.
"We have assembled a management and scientific team that is competent and
fully capable of implementing the technology that Dr. Brown invented as
well as our newer acquisitions such as our GHR tritium removal technology,"
he concluded.
John Dempsey and Patrick Herda, co-founder and Vice President of Business
Development will direct the company's activities until a new CEO is
appointed by the company's board of directors. Their efforts will be
supported by Dr. Qi Ao, Vice President of Research and Development and
Adrian Joseph, PhD., Vice President of Special Projects.
Notes to Editors:
1. The application of photonuclear physics to nuclear waste is
called Photo deactivation. Photo deactivation 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.
The fundamental mechanism works on the laboratory scale, and
preliminary research suggests 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
(MCNP). 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 strategic 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 X-ray
based photodisintegration process. The technology could be
developed into new applications for 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.
3. NSOL holds a license for the exclusive worldwide rights to a
proprietary technology for the removal of radioactive isotopes
from contaminated wastewater called GHR. 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.
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.
CONTACT: For Nuclear Solutions, Inc.
Paul Kuntz, 800/518-1988
paulk@topstock.com
or
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