EMAT Signs LOI for Hydrogen Power, Orders 13 ULVAC Machines to Hit 10,000-Ton Magnet Capacity
EMAT is trading near its 52-week low of $2.15 (13% above the low) on light trading volume (0.1× avg).
Summary
EMAT signed a non-binding LOI with VIVIFY Technology to evaluate dedicated hydrogen power for its planned U.S. magnet campus, adding a new energy option beyond the KEPCO grid expansion announced in August. The company also disclosed binding purchase orders for 13 additional ULVAC sintered-magnet machines with delivery and installation set for November 2026, supporting a target of roughly 10,000 metric tons of annual capacity at Pohang versus about 1,000 today. This follows the August 27 KEPCO agreement to expand power from 130 MW to 750 MW and the September 10 revenue guidance of $400-460 million for fiscal 2027. The tenfold capacity expansion would position EMAT as a significant non-China supplier ahead of the January 2027 DFARS defense sourcing deadline. Execution depends on financing, infrastructure work, and converting capacity into customer orders.
At the time of this announcement, EMAT was trading at $2.44 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $2.15 to $24.09. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: FinanceWire.