MOSCOW, July 10, 2006 (PRIMEZONE) -- NUCON-RF, Inc. ("NUCON") (Pink Sheets:NNRF) and Dr. Hans-Jurgen Engelmann have entered into an agreement whereby NUCON will acquire a technology for the production of two composite radiation shielding materials: FEECOM and BIECOM.
This new composite shielding material is a polymer with an additive and a metal blocker providing new dimensions in radiation safety. A distinctive feature of this new material is that it is possible to modify its protection and construction properties as required. Another advantage of the new material is that it is more flexible than traditional shielding materials. The new shielding material also surpasses steel in withstanding corrosion attacks and can be modified with the same structural integrity as steel to be used as a construction material. The new shielding materials are not toxic and can be manufactured in an environmentally friendly manner. It also has excellent thermal stability.
The mouldable nature of the new shielding material will provide significant numbers of applications for many general shielding devices such as: syringe shields, glove boxes, electron accelerators, radon generators, in isotope production, or for temporary and permanent shielding applications for which NUCON is presently working in cooperation with Russian State enterprises for domestic and foreign projects. The new shielding material can be moulded into various forms, such as bricks and plates, containers or plaster on fixed walls.
The author of this technology is Dr. Hans-Jurgen Engelmann, PhD. Dr. Engelmann will join NUCON key personnel as "Project Manager for Shielding Materials and Technologies." It is the intent of NUCON to continue to license and develop owned nuclear shielding technologies to support the business mission of NUCON under the supervision of Dr. Engelmann. Dr. Engelmann will report directly to the Chief Executive Officer of NUCON, Academician Valery Lebedev, PhD.
Dr. Engelmann is a recognized expert in shielding materials and has devoted his career since 1965 to this field. He has held many important government positions, the last being the Head and General Division Manager of the "Technology and Development" division of DBE (Deutsche Gesellschaft zum Bau und Betrieb fur Abfallstoffe m.b.H, Peine Germany), and as Deputy Manager of "CASSIOPEE", a government agency responsible for nuclear safety. He previously was employed in the waste management research division of DBE and was occupied with the development and procurement of shielding containers for transport of radioactive waste and design of technical systems of storage and final disposal including planning, layout, and transaction of transport of radioactive waste.
While employed at DBE Dr. Engelmann was responsible for the management of all R & D projects and for international relations of the company. Since the founding of CASSIOPEE (co-operation with ANDRA, France; ONDRAF/NIRAS, Belgium; ENRESA, Spain; NIREX -- United Kingdom; and COVRA, Netherlands) he has been extensively involved in international nuclear projects and in 1993 was deputy manager of CASSIOPEE for supporting eastern European countries and Russia. His responsibilities included the coordination of all operations for the concept development for radioactive waste and spent fuel management, especially for final disposal. He also was responsible for the initiation and coordination of the necessary related operations and the experimental investigations for the transport and emplacement machinery. He was further responsible as project leader for many projects, including R & D projects in Germany and abroad which were funded by international and national donors. His latest projects, completed in 2006, included working for an American and German company writing offers to the European Commission for the back end of the nuclear fuel cycle.
He currently has active membership in the following societies: Member of the Club of Agencies in Europe; Member of the CEG (Contact Expert Group) of the IAEA (International Atomic Energy Agency) for supporting Russia; and Member of the German Nuclear Society.
NUCON will establish a sales and marketing office in Lower Saxony (Germany). Dr. Engelmann will head this office. The goals for this marketing office in Western Europe are the development of new modifications of the material; particularly with application for German governmental funding for further R&D. All future know-how and subsequent applications will be the property of NUCON.
Dr. Engelmann stated, "It is with great pleasure and anticipation that I join with NUCON in the further development of their mission to market products which support nuclear and environmental safety. During my career I have had the pleasure and opportunity to work with Academician Valery Lebedev, PhD, the Chief Executive Officer of NUCON, and have the utmost respect for his judgment and knowledge in the fields of nuclear remediation and the entire nuclear fuel cycle. I believe this relationship has the possibility of securing a prime position for NUCON with Russian Federation State Enterprises, both in their domestic and foreign projects." He stated further that, "... with our new marketing offices in Germany we will have the same possibilities we currently enjoy in Russia to open doors for NUCON at the waste agencies in Western Europe, e.g. ANDRA (France), NIREX UK, ENRESA (Spain), DBE (Germany), COVRA (Netherlands), ONDRAF/NIRAS (Belgium)..."
NUCON is a U.S. chartered corporation with executive and operations offices located in Moscow. NUCON-RF has the capability to provide product, technological and engineering support addressing environmental, wastewater, power quality and radioactive waste challenges. These include compliance, shielding, transport and storage requirements, plant equipment protection, energy efficiency and development of techniques for a broad range of radioactive and toxic wastes. NUCON-RF also has extensive in-house expertise in all aspects of radiological protection and radiological waste management.
Further information on FEECOM and BIECOM may be found at www.nucon-rf.com
Safe Harbor Statement
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding announcements of financial results, business potentiality and other prospective presentations by NUCON-RF, Inc. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products in domestic and international markets will continue to expand. NUCON-RF undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in NUCON-RF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.