VIVIFY Technology and Evolution Metals & Technologies Sign Letter of Intent for Behind-the-Meter Hydrogen Power for EM&T's Planned U.S. Rare Earth Magnet Campus
Key Highlights
- ➤EM&T (EMAT) signs non-binding LOI for behind-the-meter hydrogen power at planned U.S. magnet campus
- ➤EM&T (EMAT) scaling Pohang magnet capacity from approximately 1,000 to 10,000 metric tons annually
- ➤750-megawatt electrical infrastructure agreement supports EM&T (EMAT) Pohang production expansion
- ➤VIVIFY manufacturing in Jupiter, Florida, scheduled to begin in January 2027
Expert Statements
Jason Herring, Founder and CEO of VIVIFY Technology
“Every serious manufacturer in this country is asking the same question right now: where does the power come from? EM&T is rebuilding one of the most important supply chains America has. Our job is to make sure power is never the thing that slows them down,”
David Wilcox, Executive Chairman of EM&T
“Large blocks of reliable power are becoming the constraint no one in advanced manufacturing can ignore. Pairing a domestic critical materials supply chain with domestic, behind-the-meter power is exactly what this moment calls for,”
David Wilcox, Executive Chairman of EM&T
“Two Florida companies, one mission: End America’s dependence on foreign supply for the materials our industrial base and national defense run on.”
Byron Donalds, U.S. Representative and Candidate for Florida Governor
“Florida is open for business. Two great Florida companies are innovating today to solve for tomorrow’s energy needs and critical supply chains.”
Delray Beach and Miami, FL, Oct. 01, 2026 (GLOBE NEWSWIRE) -- VIVIFY Technology, a hydrogen energy company headquartered in Delray Beach, Florida, and Evolution Metals & Technologies Corp. (“EM&T”) (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company headquartered in Miami, Florida, today announced that they have signed a non-binding letter of intent under which VIVIFY, would, subject to the execution of definitive agreements and satisfaction of applicable conditions deploy behind-the-meter hydrogen power to support EM&T’s planned U.S. rare earth magnet campus, subject to technical validation and definitive agreements. The letter of intent brings together two Florida companies working on the same national problem from opposite ends: the critical materials that American industry and defense depend on, and the power it takes to produce them. There can be no assurance that definitive agreements will be entered into as set forth in the letter of intent or at all.
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