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ASP Isotopes Announces Endowment of New Photonics Chair at Wits University to Advance Photonics Research
Globenewswire· 2025-11-28 14:37
Core Insights - ASP Isotopes Inc. has established a new Photonics Chair at the University of Witwatersrand, Johannesburg, through a three-year donation agreement, with Dr. Angela Dudley as the inaugural chair [1][2][3] Company Overview - ASP Isotopes Inc. is focused on developing technologies and processes for isotope production across multiple industries, employing proprietary Aerodynamic Separation Process technology [5][6] - The company aims to produce and commercialize highly enriched isotopes for healthcare and technology, and plans to enrich isotopes for the nuclear energy sector using Quantum Enrichment technology [5][6] Industry Impact - The new Photonics Chair is expected to enhance South Africa's photonics research capabilities, supporting the Structured Light Laboratory's work in advancing photonics applications [2][4] - Photonics is transforming various sectors, including healthcare, telecommunications, manufacturing, security, renewable energy, and quantum computing, by improving medical diagnostics and communication networks [4][5] Research and Development - Dr. Angela Dudley will lead research that translates fundamental photonics research into real-world applications, bringing a distinguished record of research excellence and global collaboration [3][4] - The initiative aligns with South Africa's national quantum strategy, aiming to convert scientific advancements into new economic opportunities [5] Educational Contributions - The establishment of the Photonics Chair is expected to produce a pipeline of skilled talent for ASP Isotopes, supporting the company's growth and innovation in the field [6]
ASP Isotopes to Provide Quarterly Business Update Call on November 21, 2025 at 8:30am EST
Globenewswire· 2025-11-17 21:31
Core Viewpoint - ASP Isotopes Inc. is set to hold a quarterly business update conference call on November 21, 2025, at 8:30 a.m. EST, focusing on its advancements in isotope production technologies for various industries [1][3]. Company Overview - ASP Isotopes Inc. is a development stage advanced materials company that specializes in the production of isotopes using proprietary technology known as the Aerodynamic Separation Process (ASP technology) [4]. - The company aims to produce and commercialize highly enriched isotopes primarily for the healthcare and technology sectors, with plans to also enrich isotopes for the nuclear energy sector using its developing Quantum Enrichment technology [4]. Industry Demand - There is an increasing demand for specific isotopes such as Silicon-28 for quantum computing, Molybdenum-100, Molybdenum-98, Zinc-68, Ytterbium-176, and Nickel-64 for emerging healthcare applications, as well as Chlorine-37, Lithium-6, and Uranium-235 for green energy applications [5]. - The ASP technology is considered suitable for enriching both low and heavy atomic mass molecules, indicating its potential in meeting the growing needs of various industries [5].
ASP Isotopes Inc. and IsoBio, Inc. Announce Series Seed Funding of IsoBio, Inc. to Advance Innovative Antibody-Isotope Conjugates (AICsTM) For Cancer Treatment
Globenewswire· 2025-07-28 12:31
Core Insights - IsoBio, Inc. is focused on developing a pipeline of monoclonal antibody-based radioisotope therapeutics targeting both derisked and novel tumor antigens for cancer treatment [1][3] - The company has successfully closed its initial Series Seed financing round, raising $5 million from ASP Isotopes Inc. [1][3] Company Overview - IsoBio is a U.S.-based radiotherapeutic development company that specializes in antibody-isotope conjugates (AICs) [1][12] - The company plans to establish offices in Seattle, WA, and Gladwyne, PA [2][6] - IsoBio's management team is led by Bruce Turner, M.D., Ph.D., who has extensive experience in the biotech industry [6][7] Strategic Collaboration - IsoBio has formed a strategic partnership with ASP Isotopes Inc. and its nuclear medicine subsidiary, PET Labs, to enhance manufacturing capabilities and reduce supply chain uncertainties for isotopes [2][4] - This collaboration aims to leverage ASP Isotopes' technology and global manufacturing capabilities to develop novel isotopes for radiotherapeutics [2][4] Product Development - IsoBio is developing radiotherapeutics that include Lutetium-177, Actinium-225, Terbium-161, and other undisclosed novel radioisotopes [5] - The company utilizes proprietary linker and conjugation technology to create highly potent AICs, which provide targeted treatment for difficult-to-treat tumors [5][12] Market Context - The supply chain for radiotherapeutics has faced challenges due to limited availability of commonly used isotopes, making IsoBio's strategic partnership advantageous [4] - There is a growing demand for innovative cancer therapies, and IsoBio's focus on targeted therapies aligns with this market need [3][4]