Phoenix Nuclear Labs

Monthly Archives: October 2014

SHINE Medical Signs $125 Million Term Sheet

October 10th, 2014 | Filed under: Press Release

MONONA, Wis. – SHINE Medical Technologies, Inc. (SHINE) announced today that it executed a term sheet providing for up to $125 million of debt and equity financing with Deerfield Management Company, L.P. (Deerfield), a New York headquartered healthcare investment firm. SHINE plans to build a new manufacturing plant in Wisconsin to produce more than a quarter of world supply of the most commonly-used isotope in nuclear medicine, molybdenum-99 (moly-99).

Under the terms of the financing, Deerfield would provide SHINE the debt financing in milestone-driven phases. In addition, a portion of Deerfield’s commitment would include participation in the concurrent…read more +

PNL Awarded $3 Million Army Contract

October 6th, 2014 | Filed under: Press Release

Monona, Wis. – Phoenix Nuclear Labs (PNL) announced today that it has been awarded a one-year, $3 million contract by the U.S. Army to build an advanced neutron radiography unit.

The neutron imaging system will be used for the nondestructive inspection of munitions, pyrotechnics and other critical defense components.  The company will deliver an upgraded, second-generation version of a similar system that it delivered to Picatinny Arsenal in 2013.  The new system is expected to generate 10 times the amount of neutrons, enabling faster performance, and will be capable of producing digital images that will improve the system’s ability to…read more +