SHINE Technologies Forms Strategic Alliance with Sumitomo Corporation of Americas for Fusion Technologies Expansion in Asia
SHINE Technologies, a cutting-edge fusion company based in Janesville, Wisconsin, has announced a strategic partnership with Sumitomo Corporation of Americas (SCOA) to enhance supply chains for medical isotopes, industrial applications, and fusion technologies between North America and Asia. The collaboration, formalized through a Memorandum of Understanding (MOU), aims to promote and distribute SHINE’s innovative products and services in Japan and other Asian markets.
Strengthening Global Supply Chains for Critical Medical Isotopes and Advanced Fusion Applications
This partnership will focus on establishing reliable supply chains for SHINE’s portfolio of products, including critical medical isotopes like lutetium-177 and molybdenum-99, neutron imaging for industrial inspection, and advanced materials testing. The agreement also includes studying logistics and legal requirements for transporting radioisotopes and related materials between the United States and Asian territories.
“This strategic partnership with SCOA opens vital channels to bring our fusion-based technologies to Asian markets,” said Greg Piefer, founder and CEO of SHINE. “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.”
Meeting Rising Global Demand for Fusion-Based Solutions
The collaboration comes at a time when global demand for both medical and industrial applications of fusion technology is increasing. SHINE’s non-carrier-added lutetium-177 is gaining traction in cutting-edge treatments for metastatic cancers, while their neutron imaging and irradiation services provide critical solutions for quality control and non-destructive testing in manufacturing, aerospace, and defense sectors.
“SHINE’s fusion-driven solutions have the potential to transform both industrial and medical applications,” said Shinichi “Sandro” Hasegawa, General Manager of Energy Innovation Initiative Americas at Sumitomo Corporation of Americas. “By combining our extensive market reach and logistics capabilities with SHINE’s groundbreaking fusion technology, we can strengthen supply chains across multiple industries and contribute to a cleaner energy future in Asia.”
Under the MOU, SCOA will promote SHINE’s products and services, potentially serving as SHINE’s sales agent in the defined territories. This partnership not only advances sustainable markets for fusion applications but also lays the groundwork for future energy innovations, providing transformative technologies to customers in Asia and supporting both companies’ growth objectives.
About SHINE
SHINE is a leader in next-generation fusion technology, focusing on safety, cost-efficiency, and environmental responsibility. The company has successfully commercialized fusion across multiple applications, including neutron testing markets, medical isotope production, and nuclear waste recycling. Their long-term goal is to commercialize fusion energy, making a lasting impact in technology, healthcare, and sustainable energy sectors. Learn more at www.SHINEfusion.com.
About Sumitomo Corporation of Americas
Sumitomo Corporation of Americas is the largest subsidiary of Sumitomo Corporation, an integrated trading company with a strong global network. The company is committed to creating greater value for society under the corporate message of “Enriching lives and the world.” For more information, visit www.sumitomocorp.com.
In conclusion, the strategic alliance between SHINE Technologies and Sumitomo Corporation of Americas aims to strengthen supply chains for critical medical isotopes and advanced fusion technologies in Asia. By combining their expertise and resources, the two companies are poised to meet the rising global demand for fusion-based solutions and contribute to a cleaner energy future. This partnership represents a significant step towards bringing transformative technologies to customers in Asia and supporting sustainable growth objectives for both companies.
