September 28, 2017 – Janesville, WI – SHINE Medical Technologies, Inc. (SHINE), a Wisconsin-based company dedicated to being the world leader in the safe, clean, affordable production of medical isotopes, announced today that the United States Patent and Trademark Office (USPTO) has issued U.S. Patent No. 9,734,926. This patent is an important addition to the Company’s intellectual property, which is also protected by over 20 SHINE-owned issued and pending patents on SHINE’s novel medical isotope production process, and exclusive, world-wide licenses for the accelerator and hydrogen separation technologies.
U.S. Patent No. 9,734,926 relates to producing medical isotopes and expires December 23, 2032. This achievement demonstrates SHINE’s ongoing commitment to innovation and leadership in the medical isotope industry.
“This patent protects our technology in America, which is the largest market in the world. The technology is inherent to SHINE’s competitive advantage,” said Greg Piefer, CEO of SHINE. “SHINE’s innovations simplify the isotope production process, reduce waste associated with conventional isotope production by hundreds of times, and consequently, provide a significant reduction in cost.”
SHINE holds seven issued patents in six countries. Additionally, SHINE has exclusive, worldwide licenses for the accelerator technology, two patents managed by the Wisconsin Alumni Research Foundation, and Savannah River National Laboratory’s hydrogen purification technology.
About Mo-99
Molybdenum-99 (Mo-99) is a radioisotope that decays into the diagnostic imaging agent technetium‑99m (Tc-99m). Tc-99m is used in more than 40 million medical imaging procedures each year, primarily in stress tests to diagnose heart disease and bone scans to stage cancer. SHINE was founded to deploy a safe, cost-effective and environmentally friendly technology to produce medical isotopes, including Mo‑99.
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!
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