Recent News

PNL Raises $2M in Equity Financing

November 25th, 2014 | Filed under: Press Release

Phoenix Nuclear Labs (PNL) announced today that it closed a $2M equity fundraising round to support several key hires and to continue the scale up of its manufacturing infrastructure, as it transitions from R&D into commercialization of its platform neutron generator technology. The financing round was led by Venture Management LLC, a Madison-based investment firm. […]

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SHINE Medical Announces Mo-99 Supply Agreement

November 4th, 2014 | Filed under: News

Lantheus Medical Imaging, Inc., a global leader in developing, manufacturing, selling and distributing innovative diagnostic imaging agents, and SHINE Medical Technologies, Inc., a Wisconsin-based company dedicated to being the world leader in safe, clean, affordable production of medical isotopes, today announced that the companies have entered into a strategic agreement for the future supply of […]

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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 […]

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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, […]

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Lt. Gen. Phillips Joins PNL Board of Directors

September 16th, 2014 | Filed under: Press Release

FOR IMMEDIATE RELEASE Monona, Wis. –Phoenix Nuclear Labs (PNL) announced today that retired Army Lt. Gen. William Phillips has joined its seven-member board of directors. Phillips recently retired after nearly 38 years of service and currently resides in Alexandria, Va.  Over the course of his career, Phillips served as an aviator, an acquisition commander in […]

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SHINE Medical Secures $2.4 Million of Investment

September 3rd, 2014 | Filed under: Press Release

MONONA, Wis. – 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 it closed a $2.4 million financing. The financing will be used to cover operating costs as the Company progresses toward obtaining a construction permit from the Nuclear Regulatory Commission, which is necessary to commence construction on SHINE’s planned full-scale manufacturing facility to be built in Janesville, Wisconsin.

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PNL Accelerator Achieves Key Reliability Milestone

August 8th, 2014 | Filed under: Press Release

MONONA, Wis. – SHINE Medical Technologies and Phoenix Nuclear Labs (PNL) announced today that they successfully operated their second-generation neutron driver prototype for 24 consecutive hours with 99% uptime. Completion of this milestone is an important demonstration of the reliability and robustness of the PNL neutron driver, which is a key enabling technology for SHINE’s isotope production facility.

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Detect the Undetectable

August 4th, 2014 | Filed under: News

Phoenix Nuclear Labs says it has completed successful preliminary tests on a system that can root out so-called “undetectable explosives.”
The Monona company says its neutron-based technology senses the explosive material itself, not the components such as a metal casing or a trigger mechanism.

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