From WisPolitics.com/WisBusiness.com …
— SHINE Technologies today announced a new partnership with Sumitomo Corporation of Americas aimed at helping the Janesville company reach Asian markets.
SCOA, the largest subsidiary of the Japanese Sumitomo Corporation, is a global trading and investment company. SHINE says the partnership will focus on establishing reliable supply chains for its products and services, ranging from widely used medical isotopes to advanced inspections and testing services.
The partnership, formalized under a memorandum of understanding, also “lays the groundwork” for logistics and legal considerations for transporting radioisotopes and related materials between the United States and markets in Asia, such as Japan.
SCOA will be promoting SHINE’s offerings under the agreement, and will act as its sales agent in the defined territories “if market studies prove successful,” according to the announcement.
SHINE CEO and founder Greg Piefer says the effort “opens vital channels” for introducing the company’s fusion-based technologies.
“Combining their deep market knowledge and established distribution networks with our innovative production methods strengthens international supply chains for nuclear medicine, neutron imaging, and irradiation services while advancing our long-term vision of harnessing fusion to solve humanity’s most pressing energy challenges,” he said in a statement.
While the company’s imaging and inspection services have applications across advanced materials, aerospace and defense industries, its radiosotopes are used in medical imaging and in treating cancer.
See more in the release below.
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