JANESVILLE, Wis., Aug. 26, 2019 – SHINE Medical Technologies, LLC today announced the appointment of Paul D. Ryan to the company’s board of directors.
Mr. Ryan brings nearly three decades of experience with complex national and international health care, business, energy and other issues to SHINE’s board. He was the 54th speaker of the U.S. House of Representatives and represented the 1st Congressional District in Southern Wisconsin, which includes Janesville, for 20 years. Before being elected speaker, he served as chairman of the House Ways & Means and Budget Committees. Mr. Ryan was his party’s vice-presidential nominee in 2012.
“Paul is a visionary with a wealth of experience and an expansive network that are welcome additions to SHINE’s board,” said Greg Piefer, founder and CEO of SHINE. “Paul will provide critical guidance to SHINE as we expand into domestic and international markets that require deep mastery of global policy, economics and leadership. His knowledge of domestic and international health care and energy policy will be an invaluable guide to us. We also are excited to be working with someone who cares about building great things in Janesville as deeply as we do.”
Mr. Ryan was born, raised and lives in Janesville, Wis., where SHINE is headquartered and is building its medical isotope production facility.
“I am excited to be joining SHINE’s board at this important time in the company’s development,” Mr. Ryan said. “SHINE is uniquely equipped to create a reliable global supply of lifesaving medical isotopes, which would allow patients around the world to receive diagnosis and treatment when they need it most. Companies like SHINE play an important role in the delivery of cutting-edge health care and I will be able to help the company continue to grow.”
Medical isotopes are radioisotopes that are used in the diagnosis and treatment of disease. Molybdenum-99 (Mo-99) is a radioisotope that decays into the diagnostic imaging agent technetium 99m (Tc-99m). The workhorse of nuclear medicine, Tc-99m is used in more than 40 million medical imaging procedures each year, primarily in stress tests to diagnose heart disease and to stage cases of cancer. SHINE was founded to deploy a safe, cost-effective and environmentally friendly technology to produce a variety of medical isotopes, including Mo‑99. Roughly one percent of all Mo-99 in the world decays every hour, meaning it must be produced continuously. Current production is limited to only a handful of government-owned nuclear research reactors, the majority of which are overseas.
Based in Janesville, Wisconsin, SHINE deploys its safe, cost-effective and environmentally friendly fusion technology in a stepwise approach. Its systems are used to inspect industrial components in aerospace, defense, energy and other sectors. SHINE’s proprietary medical isotope production processes create non-carrier-added lutetium-177 and are expected to create molybdenum-99. In the future, SHINE plans to scale its fusion technology to help solve one of energy’s toughest hurdles by recycling nuclear waste. Through a purpose-driven and phased approach, SHINE aims to generate fusion power to deliver clean, abundant energy that could transform life on Earth. Want to learn more about SHINE? Follow us on social media @shinefusion and sign up for our email newsletter to follow us on our journey!
Media Contact: info@shinefusion.com
