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(Janesville, WI) - SHINE Medical Technologies, a Wisconsin based company that serves the medical tracer industry sector, announced that it intends to site its molybdenum-99 production facility in the City's STH 11 Business Park. Once operational, SHINE anticipates that its staffing levels will exceed 100 full-time positions. 

Molybdenum-99 (moly-99) is a medical isotope that is used in more than 30 different diagnostic imaging procedures - including those applications associated with detecting heart disease and determining the stages of cancer progression. Historically, the majority of the moly-99 used in the U.S. has been produced in Canada or from other locations across the globe. SHINE's proposed facility will have the capacity to produce enough moly-99 to supply approximately half of the U.S. nuclear medical isotope needs.

"As a company that grew in partnership with research conducted at UW-Madison and the Morgridge Institute for Research, one of our primary goals was to grow this business in Wisconsin and leverage its talented workforce", said Greg Piefer, Ph.D, founder and SHINE CEO. Piefer praised the responsiveness and the support of the area's economic development team for its efforts, as well. 

Founded in 2010, SHINE Medical Technologies uses proprietary "green orientated" processes and technologies developed by Piefer and co-licensed with Phoenix Nuclear Labs. In addition to the partnerships with UW-Madison and the Morgridge Institute, SHINE also has collaborative arrangements with the federal government and its national laboratories

Pending formal approval by the City Council, SHINE's project will be facilitated by a combination of resources - including but not limited to a Janesville Tax Increment Financing (TIF) package and assistance from the Wisconsin Economic Development Corporation

According to James Otterstein, Rock County Economic Development Manager, "This project marks the second medical technologies announcement in Rock County within the last eight months. The addition of this project, coupled with other developments, sends a strong signal regarding the synergies that exist between technology and manufacturing within Rock County."

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