Investment in U.S.-Based Fusion Company SHINE Technologies
SUMITOMO CORP S/ADR (SSUMY)
NASDAQ:AMEX Investor Relations:
sumitomocorp.co.jp/en/ir
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Source: PR Newswire
Strengthening Collaboration to Expand Near- to Mid-Term Businesses in Medical and NeutronImaging Fields and to Advance Future Fusion Power DeploymentNEW YORK, March 10, 2026 /PRNewswire/ -- Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; President and CEO: Shingo Ueno) announced that it has made an investment, through Sumitomo Corporation of Americas (hereinafter collectively referred to as the "Sumitomo Corporation Group"), in SHINE Technologies ("SHINE"), a U.S.-based fusion1 company engaged in the development of fusion-derived applications including medical isotopes2, neutron imaging technologies3, nuclear waste recycling, and fusion energy.The investment builds upon a Memorandum of Understanding (MOU) executed in January 2025, under which Sumitomo Corporation Group and SHINE have collaborated on business development in areas where commercialization is advancing, particularly in the expansion of medical isotopes and neutron sources generated through deuterium-tritium (D-T) fu
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