With non-China feedstock secured and suppliers across three continents in talks, Evolution’s opportunity reaches beyond finished magnets into the materials other manufacturers need to make them.
Evolution Metals & Technologies (NASDAQ: EMAT) has announced approximately 754 metric tons of secured non-China neodymium metal supply, which it expects to cover about half the estimated feedstock needed for its $400 million to $460 million revenue outlook for 2027. For a company expanding magnet production in South Korea, that is a substantial step toward supplying a market searching for alternatives to China.
The announcement also reveals a broader opportunity. Evolution says it is already in discussions with sellers of rare earth feedstock and used magnets in the United States, Japan, India, Malaysia, Indonesia, Thailand and West Africa. Those suppliers want more outlets for their materials. Manufacturers want reliable sources of the processed materials and magnets their factories consume.
Evolution’s processing and manufacturing operations could connect the two.
The Most Valuable Link May Be Between the Mine and the Magnet
China’s dominance becomes clearer as rare earths move through the factory. The International Energy Agency estimated that China accounted for around 60% of mined magnet rare earths in 2024, compared with roughly 91% of separation and refining and 94% of sintered permanent-magnet production.
A mine supplies the beginning of that chain. Its output must be separated and refined, converted into metals, combined into alloys, and processed into magnets that meet a customer’s specifications. Opening another mine leaves much of that industrial work to be done. Whoever can perform those steps outside China can help turn alternative mineral supplies into an alternative manufacturing system.
That is where Evolution’s capabilities become especially relevant. Its latest quarterly filing describes operations spanning feedstock processing, oxide production, metal and alloy manufacturing, powders, and bonded and sintered magnets. These are the intermediate steps that make raw material commercially useful.
Evolution now plans to bring more than 14,000 metric tons of annual strip-alloy production online this year. Strip alloy is an intermediate magnet-making material. The planned capacity could supply Evolution’s own manufacturing while opening another market: manufacturers that have production capabilities but need the material to feed them.
Executive Chairman David Wilcox says the company intends to supply intermediate magnet materials to customers primarily in Japan that require non-China supply. The opportunity addresses a dependence CEO Frank Moon highlighted in today’s announcement: the approximately 14,000 tons of sintered magnets produced annually outside China still rely on Chinese midstream materials. With China imposing export-licensing requirements on key rare-earth inputs, Evolution’s ability to supply those materials from outside China offers manufacturers an alternative at a critical point in the supply chain.
Suppliers Want an Alternative Buyer, Too
Governments are pursuing the same industrial shift. In their June 2026 declaration, G7 leaders, with Australia’s support, set an ambition to reduce dependence on a single supplier outside their group and partner countries for rare earths and permanent magnets to below 60% by 2030. They specifically called for additional processing and industrial capacity.
Evolution’s supplier discussions show how that search for diversification can work commercially. Management says upstream producers have historically depended on China as their principal outlet. An operating manufacturer elsewhere offers another potential destination, and a reason to build supply relationships outside the established route.
The company describes talks with commercial sellers across six countries and West Africa. Those conversations extend from rare earth feedstock to end-of-life magnets, giving its sourcing effort both mined and recycled inputs to pursue.
The latest supply figures give that effort substance. Approximately 42 metric tons of neodymium metal have reached Pohang, 72 tons are pending shipment through March 2027, and 640 tons are committed through the end of 2027. The commitments include a 600-ton contract with Senri Trading. Another 1,000 tons are under discussion for 2027 delivery, separate from the secured 754-ton total.
Future deliveries and production ramp-up remain necessary to translate that supply into sales, but Evolution now has a quantified feedstock base supporting its expansion.
Technology Can Make Scarce Materials Go Further
Evolution is also working to stretch its heavy rare earth supply. These materials help high-performance magnets retain their strength under demanding conditions. The company reports approximately 520 kilograms of dysprosium metal already in Pohang, with 1.5 metric tons per month committed from February 2027.
To make high-performance magnets with less of these inputs, Evolution uses a process called grain boundary diffusion. The company says this reduces the required heavy rare earth content to approximately 0.5%, compared with a historical 3% to 4%. On that basis, the same supply could go six to eight times further.
The processing opportunity sits alongside an expanding finished-product business. Evolution has outlined eight certified sintered magnet grades addressing different temperature and performance requirements. All 57 containers of additional ULVAC equipment have arrived, supporting a planned increase from approximately 1,000 to more than 10,000 metric tons of annual magnet capacity after installation and commissioning.
The feedstock announcement adds a supply network to that manufacturing story. Evolution plans to showcase its Pohang operations on December 17 as it brings additional capacity online. With suppliers seeking new buyers and manufacturers seeking new sources, its ability to process materials and make magnets could put the company to work on both sides of the same global shortage.
Recent News Highlights from Evolution Metals (NASDAQ: EMAT)
Important Disclaimers and Disclosures: Wall Street Wire is a media and content technology platform covering capital markets and emerging public companies. Evolution Metals & Technologies Corp. (the “Issuer”) is a paid subscriber to Wall Street Wire’s Market Discovery Program, under which Wall Street Wire publishes and distributes content concerning the Issuer in exchange for an ongoing cash subscription fee. This commercial relationship creates a conflict of interest, and the coverage is not independent. Wall Street Wire is not a broker-dealer or investment adviser, and its content is provided for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. This article may contain forward-looking statements concerning the Issuer’s business and prospects that involve risks and uncertainties; actual results may differ materially. Readers should review the Issuer’s public filings on SEC EDGAR (sec.gov/edgar) for applicable risk factors. References to market size estimates, valuations, price targets, or other third-party data are provided strictly for informational purposes. Market size figures, research estimates, or other third-party data referenced in this article are quoted from publicly available sources believed to be reliable; however, we do not independently verify or endorse them, and additional figures or estimates may exist. Full compensation details, information about Wall Street Wire’s operator, and additional disclosures are available at wallstwire.ai/disclosures. This article is not an official communication of the Issuer. Images may be computer generated and are for entertainment and visualization purposes only, and may not be an accurate or exact depiction of the technology.
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BTQ (NASDAQ: BTQ) (CBOE CA: BTQ), a quantum technology company focused on accelerating the transition from classical networks to the quantum internet, announced that its MIMIQ(TM) large-scale quantum emulator, developed by wholly owned subsidiary QPerfect, is now available through qBraid’s managed application programming interface (“API”). The integration provides qBraid’s community of more than 35,000 developers with access to MIMIQ(TM), which combines optimized state-vector emulation with Matrix Product State (“MPS”) techniques to simulate quantum circuits involving up to thousands of qubits and millions of gates. The technology enables developers to validate algorithms, study noise effects, test error correction protocols and explore circuits beyond the capabilities of conventional state-vector simulators.
Developers can access MIMIQ(TM) through qBraid Runtime without setting up additional infrastructure. The integration uses an open-source provider plugin built on QPerfect’s mimiqcircuits-python library. BTQ CEO Olivier Roussy Newton said the collaboration expands access to large-scale quantum emulation and supports the development of software infrastructure needed to move quantum computing toward practical applications. The companies will showcase the technology at Quantum Developer Day on Dec. 7, 2026, and Q2B26 x Chicago Quantum Summit on Dec. 8-10, 2026, in Chicago.
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With an Army-specified grade already in commercial production, Evolution’s broader magnet business and planned tenfold capacity expansion give its defense ambitions an industrial foundation.
Evolution Metals & Technologies (NASDAQ: EMAT) is putting its expanding rare earth magnet business forward for a role in the U.S. Army’s drone supply chain. The company has submitted a capability statement for magnets used in small drone motors, drawing on an eight-grade portfolio that includes N42SH, one of the two grades specified by the Army.
The submission connects a concrete military requirement with a manufacturer already producing magnets commercially in Pohang, South Korea. Evolution says N42SH has completed customer qualification there. Alongside N42SH, the company says seven additional certified grades are moving into commercial production, extending its range across medium-, high- and super-high-temperature applications. Equipment now delivered to Pohang supports a planned tenfold increase in annual magnet capacity.
That combination gives the Army response its significance: product breadth, an existing manufacturing operation and a major expansion arriving as defense buyers face tighter sourcing rules.
Eight Grades Give Evolution Several Markets to Pursue
Evolution’s magnet portfolio reaches across the machinery behind electric vehicles, wind turbines, aerospace and industrial automation. These applications require different combinations of magnetic strength and resistance to heat, creating opportunities for manufacturers able to supply multiple grades consistently.
On October 14, the company outlined eight grades of sintered neodymium-iron-boron magnets, commonly shortened to NdFeB. Management estimates that the market categories covered by those grades account for approximately 75% of global sintered NdFeB magnet revenue and 52% of volume. Those figures describe the markets addressed by its portfolio.
The mix is weighted toward demanding applications. Four of Evolution’s grades fall in the super-high-temperature category, rated to 150 degrees Celsius and designed to retain magnetic strength under heat. The company estimates those four categories represent approximately 49% of global sintered NdFeB revenue on 30% of volume.
N42SH is the direct connection between that broader portfolio and the Army’s search. The Army’s specifications identify N52SH as preferred and N42SH as acceptable, calling for curved magnet segments for three drone-motor sizes, with 14 segments per motor. Evolution commercially produces the latter grade and has proposed a staged path to meet the Army’s geometry, coating, testing and source-origin requirements.
While the Army’s notice is market research and any future order depends on procurement and qualification, Evolution enters the process with customer-qualified N42SH production backed by a much broader magnet business.
January Brings the Entire Supply Chain Into View
The sourcing calendar makes that manufacturing breadth especially relevant. Beginning January 1, 2027, the applicable defense procurement clause expands restrictions for NdFeB magnets across the supply chain, from mining neodymium, iron and boron through finished-magnet production. It covers China, Russia, North Korea and Iran, subject to specified exceptions.
For covered procurement, the origin of the materials therefore matters alongside the location of the magnet factory. The Army’s request separately asks potential suppliers to document where materials are mined, refined, alloyed, magnetized and packaged. Evolution’s proposed production-lot records address that demand for a traceable chain.
The scale of the manufacturing concentration helps explain why alternatives matter. The International Energy Agency estimated that China accounted for 94% of global sintered permanent-magnet production in 2024. Establishing additional supply means developing the processing, manufacturing and verification work between a mineral deposit and a finished motor component.
Evolution has already reported a step upstream. In July, it received five metric tons of neodymium-praseodymium metal from SRE Vietnam under a purchase arrangement with Senri Trading. Management said the material’s production chain was entirely outside China, from ore through metal refining. That supply arrangement forms part of the company’s effort to connect non-China feedstock with its Korean manufacturing operations.
The Army Response Arrives as the Factory Expands
Evolution’s submission coincides with a substantial capacity project. On October 28, the company confirmed delivery of all 57 containers of ULVAC equipment to Pohang. Commissioning is scheduled to begin in November, while management says assembly and commissioning work is already under way. Following installation and commissioning, the expansion is intended to lift annual magnet capacity from approximately 1,000 to approximately 10,000 metric tons, including approximately 6,000 tons of high-performance sintered magnets. The additional production capacity is expected to come online in 2026.
In that equipment update, management highlighted that it believes the company brings together all ten factors needed for commercial-scale magnet manufacturing: land, power, equipment, permits, operators, feedstock, products, buyers, customer certifications and capital. The company also noted its non-China sourcing and manufacturing platform positions it to address expanded DFARS requirements.
For a manufacturer with eight grades spanning several industrial markets, that planned tenfold expansion could multiply the commercial reach of products already developed. The Army response adds a specific defense opportunity to a business whose portfolio also addresses electric vehicles, wind power, aerospace and industrial equipment.
The leadership team also brings defense experience. President Andrew Knaggs previously served as Deputy Assistant Secretary of Defense. Directors include former Air Force Global Strike Command commander Gen. Tom Bussiere and former Acting Secretary of Defense Chris Miller. Their backgrounds give the company’s industrial effort a direct connection to the operational concerns its potential military customers face.
The Army response shows how Evolution’s broader manufacturing strategy can connect to a specific defense requirement. The proposed qualification work and commissioning at Pohang are the next steps to follow as the January sourcing deadline approaches. Eight magnet grades, existing commercial production and a planned tenfold capacity expansion give the company several avenues to pursue as customers seek a larger supply base outside China.
Recent News Highlights from Evolution Metals (NASDAQ: EMAT)
Important Disclaimers and Disclosures: Wall Street Wire is a media and content technology platform covering capital markets and emerging public companies. Evolution Metals & Technologies Corp. (the “Issuer”) is a paid subscriber to Wall Street Wire’s Market Discovery Program, under which Wall Street Wire publishes and distributes content concerning the Issuer in exchange for an ongoing cash subscription fee. This commercial relationship creates a conflict of interest, and the coverage is not independent. Wall Street Wire is not a broker-dealer or investment adviser, and its content is provided for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. This article may contain forward-looking statements concerning the Issuer’s business and prospects that involve risks and uncertainties; actual results may differ materially. Readers should review the Issuer’s public filings on SEC EDGAR (sec.gov/edgar) for applicable risk factors. References to market size estimates, valuations, price targets, or other third-party data are provided strictly for informational purposes. Market size figures, research estimates, or other third-party data referenced in this article are quoted from publicly available sources believed to be reliable; however, we do not independently verify or endorse them, and additional figures or estimates may exist. Full compensation details, information about Wall Street Wire’s operator, and additional disclosures are available at wallstwire.ai/disclosures. This article is not an official communication of the Issuer. Images may be computer generated and are for entertainment and visualization purposes only, and may not be an accurate or exact depiction of the technology.
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Sentinel AI and Webull (NASDAQ: BULL) announced a joint pilot program designed to help publicly traded companies engage retail investors through real-time sentiment analysis and targeted investor communications. The initiative combines Sentinel AI’s technology for monitoring bullish and bearish narratives across social media and online news with Webull’s Corporate Connect Service, which provides verified company pages within its trading platform. The program enables companies to identify emerging investor sentiment and work with their investor relations (“IR”) teams to develop approved responses delivered directly through Webull, which has more than 29 million registered users worldwide. According to JPMorgan data cited in the announcement, retail investors accounted for as much as 36% of U.S. stock market trading in 2025, compared with a 10-year average of approximately 12%.
Sentinel AI founder and CEO Krishan Arora said the program aims to connect emerging market narratives with company responses delivered directly to investors at the point of trade. Webull Head of Capital Markets Michael Christoph said the collaboration will help companies address questions relevant to retail investors. The Blueshirt Group Managing Partner Mark Roberts noted that real-time sentiment insights could improve the effectiveness of corporate messaging. The pilot will initially involve a select group of public companies, with broader expansion planned following an evaluation of the initial results.
To view the full press release, visit https://ibn.fm/CKfsQ
About Sentinel AI
Sentinel AI is the leading retail sentiment and narrative intelligence platform for public companies and their IR teams. Retail investors now drive 36% of US stock market trading activity, and they act on stories before they act on fundamentals. Sentinel detects the narratives and sentiment shifts moving a stock across social media and online news in real time, links them to the issuer’s SEC filings, and arms IR teams with the intelligence and draft responses to amplify bullish sentiment and address bearish narratives as they form. More than 200 public companies, representing over $250 billion in combined market capitalization, rely on Sentinel. Sentinel AI is part of the Narravance ecosystem.
For more information, visit the company’s website at www.Sentinel.inc
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With all 57 containers delivered to Pohang, the next phase is bringing additional magnet capacity into production.
Evolution Metals & Technologies (NASDAQ: EMAT) announced on October 28 that all 57 containers of ULVAC magnet-production equipment had arrived at its Pohang expansion site in South Korea. The company schedules commissioning for November, while management says assembly and commissioning work is already under way.
The delivery completes a shipment that was still arriving two weeks ago. On October 15, the company reported receiving the first 13 containers. The thirteen additional machines are intended to increase annual magnet capacity from approximately 1,000 to approximately 10,000 metric tons, including roughly 6,000 tons of high-performance sintered magnets, after installation and commissioning.
That makes the latest update a practical step in a much larger industrial story. Manufacturers seeking alternative magnet supplies need factories capable of turning rare earth materials into consistent, usable components. The equipment for Evolution Metals’ next increase in capacity is now at the site where that work is meant to happen.
The Shortage Runs Through the Factory
Rare earth magnets help powerful motors fit into relatively small spaces. They appear in electric cars, wind turbines, industrial equipment and defense systems, connecting markets that otherwise have little in common.
The International Energy Agency estimated that China accounted for around 60% of global mining output of magnet rare earths in 2024, about 91% of separation and refining, and 94% of sintered permanent-magnet production. The concentration grows as the materials move closer to the finished component.
For a motor manufacturer, the end of that chain is what matters. A supply of minerals becomes commercially useful only after processing and manufacturing deliver a magnet that meets the required specifications. The IEA has also warned that planned magnet-manufacturing capacity outside China is lower than planned capacity for mining and refining.
That is the gap Evolution Metals is expanding into. Its business processes materials and manufactures magnets, putting Pohang at the stage where alternative mineral supplies can become components that customers actually use.
Securing the machines takes time. When Evolution Metals disclosed binding purchase orders for thirteen ULVAC machines in May, it described an accelerated delivery and installation schedule against typical equipment lead times exceeding 24 months. Completing delivery brings that procurement effort into the next stage: integrating the machines into an operating manufacturing business.
Customer Qualifications Give the Expansion a Starting Point
The products already developed for that business help explain what the new capacity is intended to make. Evolution Metals’ October update described eight grades of neodymium-iron-boron magnets, a widely used rare earth magnet family, spanning different temperature requirements. Its four super-high-temperature grades are rated to 150 degrees Celsius and incorporate materials that help preserve magnetic strength under heat.
Those characteristics matter in applications such as electric-vehicle motors, wind generators and aerospace equipment. A manufacturer’s choice depends on how a magnet performs in the conditions its product must withstand. Customer certification establishes a commercial starting point for supplying those applications.
On October 14, seven grades had completed customer certification. Today’s announcement reports eight certified grades, alongside an October 27 investment framework with Pohang City and approximately $28 million in expected local grants, subject to conditions.
Together, customer qualifications, delivered machinery and prospective local support give the expansion several concrete foundations. The commercial task is to bring them together in a plant producing larger volumes at consistent quality.
The Revenue Ambition Depends on the Production Ramp
The scale of that task is visible in management’s outlook: $10 million to $11 million in fiscal 2026 revenue and $400 million to $460 million in fiscal 2027. The forecast depends on anticipated demand, commissioning, feedstock and working capital rather than contracted volumes, but the completed equipment delivery advances one of the operating steps behind it.
The difference between those annual ranges makes production progress especially consequential. The next evidence comes from equipment entering service, output increasing and customer demand becoming shipments.
Evolution Metals plans to showcase Pohang on December 17. With deliveries complete, the story now moves inside the factory: how quickly an existing magnet business can turn a tenfold capacity ambition into a larger source of commercial supply outside China.
Recent News Highlights from Evolution Metals (NASDAQ: EMAT)
Important Disclaimers and Disclosures: Wall Street Wire is a media and content technology platform covering capital markets and emerging public companies. Evolution Metals & Technologies Corp. (the “Issuer”) is a paid subscriber to Wall Street Wire’s Market Discovery Program, under which Wall Street Wire publishes and distributes content concerning the Issuer in exchange for an ongoing cash subscription fee. This commercial relationship creates a conflict of interest, and the coverage is not independent. Wall Street Wire is not a broker-dealer or investment adviser, and its content is provided for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. This article may contain forward-looking statements concerning the Issuer’s business and prospects that involve risks and uncertainties; actual results may differ materially. Readers should review the Issuer’s public filings on SEC EDGAR (sec.gov/edgar) for applicable risk factors. References to market size estimates, valuations, price targets, or other third-party data are provided strictly for informational purposes. Market size figures, research estimates, or other third-party data referenced in this article are quoted from publicly available sources believed to be reliable; however, we do not independently verify or endorse them, and additional figures or estimates may exist. Full compensation details, information about Wall Street Wire’s operator, and additional disclosures are available at wallstwire.ai/disclosures. This article is not an official communication of the Issuer.
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Logicalis US, the leading global technology service provider, today announced that it has been named Managed Services Partner of the Year for the Americas for the third consecutive year at Cisco Partner Summit 2026. Cisco Partner Awards recognize top-performing partners demonstrating service excellence and innovation in delivering solutions that help its customers succeed.
Logicalis’ continued recognition from Cisco underscores its ongoing innovation and longstanding partnership with the company. A Cisco global partner for more than 25 years, Logicalis was the first partner to launch Cisco Extended Detection and Response (XDR) as a Managed Service (MXDR). This achievement reflects Logicalis’ commitment to advancing digital managed services that help businesses become more agile and sustainable.
“We are honored to once again be named Cisco’s Managed Services Partner of the Year for the Americas,” said Logicalis US CEO Jon Groves. “This recognition reflects our employees’ dedication as Architects of Change, delivering transformative solutions that drive meaningful outcomes for our customers. Together, Logicalis and Cisco are helping customers build secure, AI-ready foundations that accelerate innovation and generate lasting business value.”
“I’m excited to congratulate Logicalis US for being named Cisco’s 2026 Americas Managed Services Partner of the Year,” said Rhonda Henley, VP of Americas Partner Sales, Cisco. “Logicalis US demonstrates a commitment to delivering customer value, driving growth, and to our partnership in the Americas that is well deserving of this recognition.”
Cisco Partner Summit Geo awards reflect the top-performing partners within specific technology markets across a geographical region. Award recipients are selected by a committee of executives representing Cisco’s Global and Regional Partner Sales Organizations.
About Logicalis US
We are Architects of Change. We help organizations succeed in a digital-first world. At Logicalis, we harness our collective technology expertise to help our clients build a blueprint for success, so they can deliver sustainable outcomes that matter.
Our lifecycle services across cloud, connectivity, collaboration and security are designed to help optimize operations, reduce risk and empower employees.
As a global technology service provider, we deliver next-generation digital managed services, to provide our clients with real-time visibility and actionable insights across the performance of their digital ecosystem including reliability, user experience, security, economic performance and sustainability.
Our 7000+ ‘Architects of Change’ are based in 30 territories around the globe, helping our 10,000+ clients across a range of industry sectors, create sustainable outcomes through technology.
Logicalis has annualized revenues of $1.63 billion, from operations in Europe, North America, Latin America, Asia Pacific, and Africa. It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange, with revenues of over $3.6 billion.
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MAX Power Mining (CSE: MAXX) (OTC: MAXXF) (FRANKFURT: 89N) announced a strategic memorandum of understanding (“MOU”) with Douglas Capital Inc. to evaluate opportunities to use natural hydrogen from its Lawson discovery in Saskatchewan to power Canadian-built artificial intelligence (“AI”) data centers and industrial electricity generation. The collaboration will explore a network of data centers across Saskatchewan powered by hydrogen-derived electricity, as well as potential access to broader electricity markets through Douglas Capital’s proposed CANVergence Energy Way, an Alberta-to-Ontario energy corridor designed to include a 2,000-megawatt high-voltage transmission system. Douglas Capital is led by John Douglas, founder of Transmission Developers Inc., which developed the C$8 billion Champlain Hudson Power Express connecting Quebec hydroelectricity to New York City.
Under the proposed collaboration, Douglas Capital would lead project development, financing initiatives and prospective customer engagement, while MAX Power would provide hydrogen supply and geological data to evaluate potential developments. The companies intend to establish a joint feasibility work plan, budget and timetable within 30 days, addressing hydrogen supply requirements, generation infrastructure, data center capacity and potential commercial arrangements. The MOU is largely nonbinding, and any projects remain subject to technical and commercial feasibility, financing, regulatory approvals and definitive agreements. The initiative supports MAX Power’s broader strategy to advance its Lawson natural hydrogen discovery toward potential commercial production.
To view the full press release, visit https://ibn.fm/ycaJ6
About MAX Power
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The Company’s Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface Natural Hydrogen system confirmed through deep drilling with data validated by three independent labs. MAX Power has built dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power’s U.S. subsidiary. MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
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- Golf simulation producer TruGolf Holdings has engaged wholly owned subsidiary Polymath to migrate the capitalization table of its TruGolf Links franchise business onto Polymesh, a blockchain designed for regulated digital securities.
- The agreement marks the first internal technology deployment since TruGolf completed its acquisition of Polymath on October 8, 2026, as the combined company seeks to pair TruGolf’s established golf simulation business with Polymath’s digital securities infrastructure.
- TruGolf Links’ Regional Developers in New Jersey, New York, and Illinois represent more than 100 future locations, as the network scales toward 221+ committed locations.
- The tokenized ownership infrastructure is intended to support investor onboarding and compliance controls as the franchise network expands.
- TruGolf and Polymath are developing an equipment leasing program and fractional franchise ownership opportunities for qualified franchisees, with initial rollout targeted for the first quarter of 2027.
TruGolf Holdings (NASDAQ: TRUG), a producer of advanced golf simulation systems for home or entertainment venues, has engaged its newly acquired subsidiary Polymath to put the ownership records of its indoor golf franchise business onto a blockchain-based securities platform, marking the first technology deployment announced since TruGolf and Polymath officially combined October 8, 2026.
Under an intercompany agreement announced October 14, TruGolf Links Franchising LLC will work with Polymath Research Inc. to migrate its capitalization table, or cap table, onto Polymesh, a public, permissioned blockchain designed for regulated digital assets. The system is intended to incorporate investor identity verification and transfer restrictions into the…
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No securities are currently being offered pursuant to this announcement. Any future offering, including any equipment leasing or fractional franchise ownership opportunity, will be made only pursuant to applicable offering documents and in accordance with applicable securities laws and regulations. This release is not an offer to sell or a solicitation of an offer to buy any security, and is not a recommendation with respect to any investment.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as forward-looking information within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and include statements regarding beliefs, plans, expectations, intentions, estimates, projections, or assumptions regarding future events or performance.
Forward-looking statements in this press release include, but are not limited to, statements regarding: the services to be provided by Polymath to TruGolf Links and the anticipated benefits of the agreement; the migration of TruGolf Links’ capitalization table to tokenized form; the anticipated development and timing of TruGolf Links’ equipment leasing program and fractional franchise ownership opportunities; the expected growth of the TruGolf Links franchise network; and the anticipated benefits of TruGolf’s acquisition of Polymath.
Forward-looking statements are generally identified by words such as “anticipates,” “believes,” “expects,” “intends,” “plans,” “projects,” “estimates,” “may,” “will,” “would,” “could,” “should,” and similar expressions or the negative thereof. These statements are based on current expectations, assumptions, and estimates of management as of the date of this press release and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or developments to differ materially from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others: TruGolf’s ability to successfully integrate Polymath’s business and realize the anticipated benefits of the acquisition; TruGolf Links’ ability to open committed locations; risks related to digital assets, tokenized securities, and token-related initiatives; changes in market conditions; changes in applicable laws or regulations; competitive pressures; general economic and business conditions; and other risks and uncertainties described from time to time in TruGolf’s filings with the Securities and Exchange Commission.
Although management believes that the assumptions and expectations reflected in the forward-looking statements are reasonable as of the date hereof, no assurance can be given that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and TruGolf undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
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Mobilicom (NASDAQ: MOB), a provider of cybersecure solutions for drones and robotics, announced its participation in the annual Air Reserve Component Weapons and Tactics Conference (“ARC WEPTAC”) and Domestic Capability Priorities conference, taking place Oct. 26-30, 2026, in Tucson, Arizona. The event brings together military leaders, defense decision-makers and industry representatives to assess operational capability gaps and modernization priorities. Mobilicom is demonstrating its portfolio of software and hardware solutions, with a focus on SwarmiX, its recently launched autonomous swarm management system designed to support coordinated drone fleets through scalable connectivity, high-bandwidth data transmission and resilient communications in contested electromagnetic environments.
Mobilicom CEO Oren Elkayam said the conference provides an opportunity to engage directly with military stakeholders and defense manufacturers developing interconnected autonomous systems. SwarmiX enables multiple autonomous platforms to share mission-critical video, sensor and command data, supporting the transition from individually operated drones to coordinated fleets and swarms. The company is also showcasing its cybersecure datalinks, electronic warfare protection and cybersecurity solutions, highlighting its broader capabilities in digital infrastructure for autonomous defense systems.
To view the full press release, visit https://ibn.fm/rWxwL
About Mobilicom
Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.
NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit https://www.IBN.ai
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: https://IBN.ai/Disclaimer
The latest news and updates relating to MOB are available in the company’s newsroom at https://ibn.fm/MOB
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Most of the money and attention in AI so far has gone to chips, data centers, and chatbots. Meanwhile, a large and growing business is taking shape around AI in the physical world, where cameras, alarms, sensors, and screening systems are being upgraded to recognize danger and warn people before it turns into damage. The global physical security market is projected to reach $151.5 billion by 2030, according to MarketsandMarkets, with AI-powered surveillance, smart sensors, and video analytics among the main drivers of that spending.
The value of that technology is easiest to see in what’s at stake. The January 2025 Los Angeles wildfires alone caused an estimated $53 billion in overall losses, according to Munich Re. Earlier warnings, faster threat detection, and better security monitoring can help homeowners, businesses, insurers, and cities limit the damage from fires, intrusions, and other emergencies. That spending flows to the companies building the technology, whether through device sales, subscriptions, screening services, or large installation contracts.
The companies putting this technology to work cover just about every setting where safety matters, from a newly listed Nasdaq name that forecasts fire risk inside a building before anything ignites to established players behind front-door cameras, household smoke alarms, AI weapons screening at major stadiums, and video analytics running across entire cities.
The following companies operate across various segments of physical security and AI-enabled hazard detection
Roze AI Inc. (NASDAQ:RZAI) is a disaster prevention technology company that uses artificial intelligence, wireless sensors, and digital twin technology to forecast fire risk inside buildings before a fire starts. The company operates through its wholly owned South Korean subsidiary, Roze AI Korea Co., Ltd., founded in 2015 by Chief Executive Officer Young Jin Cho, and began trading on the Nasdaq Capital Market at the end of September through a direct listing.
The core of the business is the Disaster AI Platform, or DAP, which builds a live digital model of a building and keeps it updated with data from wireless sensors throughout the facility. DAP runs those readings through AI analysis and fire simulation, and its Fire4Cast system turns the results into a Fire Risk Index for each building, giving facility managers and safety teams a clear view of where risk is rising so they can step in early. Roze AI compares it to a weather forecast for fire.
That technology has already been put to work in some of South Korea’s most sensitive sites. DAP has been installed and operated at major government facilities, military bases, government-designated production facilities, and power plants, where it was verified through long-term testing and certified for its stability and disaster prevention functionality.
Roze AI continues to build out its intellectual property in the U.S. On October 26, the company announced that Roze AI Korea received a Notice of Allowance from the U.S. Patent and Trademark Office for a shortest evacuation route system, which calculates exit routes in real time based on how people are moving and how fire hazards are changing, then displays those routes on connected guidance devices. Once issued, it would be the subsidiary’s seventh U.S. patent.
Roze AI is now carrying that track record into commercial development projects. On October 6, the company announced approximately US$12.2 million in new contracts covering two mixed-use development sites in Seoul’s Seocho district for developer Hajo and one site at the Soraepogu Fish Market development in Incheon for IJ. Cho said the contracts are “a meaningful step in scaling our commercial business.”
The same two customers came back a week later. On October 13, Roze AI announced approximately US$14.8 million in additional contracts with Hajo and IJ, covering two redevelopment districts in Seoul’s Hapjeong area and a second contract at the Incheon fish market development. Together, the two rounds cover digital twin AI platforms, fire protection equipment, and installation work across six sites, with construction expected to begin in the first half of 2027. The company noted the contract values are based on preliminary designs and are not revenue guidance.
Beyond those six contracted sites, Roze AI has two larger projects at earlier stages. On October 19, the company announced a non-binding memorandum of agreement with Mullae District 3 Complex Development Co., Ltd. to explore bringing its AI fire safety technology into a planned development of roughly 204,100 square feet of land in Seoul’s Yeongdeungpo district, with a preliminary target of about US$111.8 million for potential contract work subject to a definitive agreement.
The same release noted that Roze AI holds a previously disclosed contract with INUVERSE Co., Ltd. for the Daegu AI Data Center project in Yeongcheon, valued at about US$172.2 million, where work will begin once project financing is in place.
From here, Roze AI has several concrete milestones ahead. Construction at the six contracted sites is expected to begin in the first half of 2027; the proposed Mullae project requires a definitive agreement, and the Daegu data center project depends on financing before work can begin. The subsidiary also received a Notice of Allowance for its evacuation-route technology, bringing another potential U.S. patent closer to issuance. Together, these developments give Roze AI several paths to grow its commercial business, and with its U.S. patent portfolio expanding, the company has said it is evaluating opportunities to bring its technology to international markets, including North America.
Arlo Technologies Inc. (NYSE:ARLO) is a smart home security company based in Carlsbad, California, that sells app-controlled cameras and devices backed by a cloud platform built on AI and computer vision. Its paid subscription plans add features such as person and vehicle recognition, event captions, and fire detection. Arlo recently reported record second-quarter results, with total revenue of $156 million, up 21% year over year, and subscriptions and services revenue of $93 million, which made up about 60% of total sales. The company ended the quarter with roughly 6.3 million paid accounts and annual recurring revenue of $365 million, and it raised its full-year guidance for both revenue and earnings per share. Earlier this year, Arlo acquired Aloe Care Health, extending its platform into aging-in-place and wellness care. Arlo is scheduled to report third-quarter results on November 5.
Resideo Technologies Inc. (NYSE:REZI) is a building technology company that makes sensing and control products for homes under brands including First Alert, BRK, Honeywell Home, and Control4. Through First Alert and BRK, the company offers smoke and carbon monoxide detection and home fire suppression products, and it also makes home heating and cooling controls and security products. On August 3, Resideo completed the spin-off of its ADI Global Distribution business, leaving a standalone company focused on its products business. Resideo reported record second-quarter revenue of $1.98 billion, with revenue, adjusted EBITDA, and adjusted earnings per share all coming in above the high end of its outlook ranges. Following the separation, it issued standalone 2026 guidance calling for revenue of $2.9 billion to $2.95 billion and adjusted EBITDA of $605 million to $625 million. Resideo is set to report third-quarter results on November 10.
Evolv Technologies Holdings Inc. (NASDAQ:EVLV) is a security technology company that uses AI to screen people and bags for weapons and other threats at sports and entertainment venues, schools, hospitals, and workplaces. Its lineup includes Evolv Express, a weapons-screening system, and eXpedite, an AI-powered bag-screening product designed to work alongside Express. Both hold the U.S. Department of Homeland Security’s SAFETY Act Designation. Evolv says its systems have scanned more than 4.5 billion people since 2019. In its second quarter, Evolv reported revenue of $43.8 million, up 34% year over year, added 70 new customers, and grew annual recurring revenue 20% to $132.7 million. The company raised its 2026 revenue outlook to $180 million to $185 million and is scheduled to report third-quarter results on November 10.
Gorilla Technology Group Inc. (NASDAQ:GRRR) is a global provider of AI-driven security intelligence, network intelligence, and IoT technology, with products that include intelligent video surveillance and smart city solutions built to strengthen security and resilience across urban operations. The company has also been expanding into AI infrastructure and data centers. Gorilla reported first-half 2026 revenue of $78.4 million, up 99% year over year, and raised its full-year 2026 revenue outlook to at least $200 million. It is targeting 2027 revenue of $450 million to $500 million.
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