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Home Press Release GlobeNewswire

Evolution Metals & Technologies Submits Response to U.S. Army Sources Sought Notice for Rare Earth Magnets Used in Small Drone Motors

October 29, 2026
in GlobeNewswire, Web3
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EM&T comme cially p oduces N42SH, o e of the two mag et g ades specified by the A my fo small d o e moto s

EM&T’s leade ship i cludes P eside t A d ew K aggs, fo me Deputy Assista t Sec eta y of Defe se; Ge . Tom Bussie e ( et.), fo me Comma de of Ai Fo ce Global St ike Comma d; a d the Ho . Ch is Mille , fo me Acti g U.S. Sec eta y of Defe se, p ovidi g the Compa y with exte sive defe se p ocu eme t a d supply chai expe ie ce

Miami, FL, Oct. 28, 2026 (GLOBE NEWSWIRE) — Evolutio Metals & Tech ologies Co p. (“EM&T” o the “Compa y”) (Nasdaq: EMAT), a U.S.-based c itical mate ials a d adva ced ma ufactu i g compa y, today a ou ced that it has submitted a capability stateme t i espo se to the U.S. A my’s Sou ces Sought otice fo a e ea th mag ets used i the b ushless DC moto s of small u c ewed ai c aft systems.

The U.S. A my Co t acti g Comma d (ACC) issued the Sou ces Sought otice, a Request fo I fo matio (RFI), “as pa t of its ma ket esea ch to ide tify compa ies with the i te est a d capability to ma ufactu e a d supply comme cial-g ade a e ea th mag ets.” The RFI lists eodymium-i o -bo o a c-segme t mag ets i g ade N52SH o N42SH. EM&T ca p oduce eight si te ed eodymium-i o -bo o mag et g ades: N35SH, N42SH, N46SH, N48SH, N42H, N45H, N48M a d N50M. EM&T comme cially p oduces N42SH at its facility i Poha g, Republic of Ko ea, whe e the g ade has completed custome qualificatio , a d pla s to expa d a ual mag et capacity the e f om app oximately 1,000 met ic to s to app oximately 10,000 met ic to s followi g the i stallatio a d commissio i g of the 57 co tai e s of ULVAC p oductio equipme t.

I its espo se, EM&T p oposed a staged path to qualify mag ets to the A my’s specificatio s a d a auditable mi e-to-mag et t aceability eco d fo each p oductio lot, i li e with DFARS 252.225-7052 sou ci g equi eme ts that expa d o Ja ua y 1, 2027.

“D o es have become o e of the most impo ta t tools o the mode battlefield, a d eve y o e of thei moto s depe ds o high-pe fo ma ce a e ea th mag ets that today come ove whelmi gly f om Chi a,” said A d ew K aggs, P eside t of EM&T. “We al eady make N42SH comme cially, we k ow how to qualify g ades fo dema di g custome s, a d we a e scali g to app oximately 10,000 met ic to s i Poha g. We a e p epa ed to wo k with the A my o qualificatio a d to establish a secu e, t aceable domestic supply chai fo d o e mag ets. We a e ce tified a d goi g i to comme cial p oductio of seve additio al g ades ep ese ti g 52% of the total si te ed ma ket globally by eve ue.”

“Ai powe , f om st ategic bombe s to small d o es, u s o compo e ts most people eve see, a d a e ea th mag ets a e o e of the most c itical,” said eti ed Ge . Tom Bussie e, a membe of EM&T’s Boa d of Di ecto s a d fo me Comma de of Ai Fo ce Global St ike Comma d. “A fo ce that ca ot secu e its mag et supply ca ot be su e of its eadi ess. EM&T is buildi g the allied, t aceable p oductio capacity ou wa fighte s eed.”

“Ou elia ce o Chi a fo a e ea th mag ets is a atio al secu ity vul e ability, a d it will ot be solved by policy alo e. It takes ma ufactu e s with eal pla ts, eal equipme t a d eal custome s,” said the Ho . Ch is Mille , a membe of EM&T’s Boa d of Di ecto s a d fo me Acti g U.S. Sec eta y of Defe se. “EM&T is p oduci g mag ets today with a close U.S. ally a d is sig ifica tly expa di g ou p oductio scale outside of Chi a. That is exactly the i dust ial base the U ited States eeds to ebuild.”

About Evolutio Metals & Tech ologies Co p.Evolutio Metals & Tech ologies Co p. (Nasdaq: EMAT) is a U.S.-based c itical mate ials a d adva ced ma ufactu i g compa y fo a e ea th pe ma e t mag ets, batte y mate ials, a d elated c itical mi e als a d tech ologies. By leve agi g p ove comme cial-scale ope atio s, adva ced p ocessi g tech ologies, a d st ategic pa t e ships, EM&T ope ates what it believes is o e of the o ly ve tically i teg ated c itical mate ials supply chai spa i g e d-of-life elect o ics a d batte ies, high-g ade co ce t ates, a d the ma ufactu e of fi ished a e ea th mag ets (i cludi g high-pe fo ma ce a e ea th mag ets) a d batte y mate ials. Fo additio al i fo matio , please visit i vesto s.evolutio -metals.com a d follow the Compa y o Li kedI .

Cautio a y Note Rega di g Fo wa d-Looki g Stateme tsThis p ess elease may co tai fo wa d-looki g stateme ts withi the mea i g of Sectio 27A of the Secu ities Act of 1933, as ame ded, Sectio 21E of the Secu ities Excha ge Act of 1934, as ame ded, a d the U ited States P ivate Secu ities Litigatio Refo m Act of 1995. Fo wa d-looki g stateme ts i clude, but a e ot limited to, stateme ts ega di g the Compa y’s espo se to the U.S. A my Sou ces Sought otice a d a y futu e solicitatio , qualificatio , co t act o o de that may esult; the Compa y’s ability to qualify a d supply mag ets meeti g the A my’s specificatio s, i cludi g g ade, geomet y, coati g a d sou ce-o igi equi eme ts; the i stallatio , commissio i g a d ope atio of ULVAC equipme t at the Compa y’s Poha g facility; the pla ed expa sio of a ual a e ea th mag et p oductio capacity to app oximately 10,000 met ic to s, i cludi g app oximately 6,000 met ic to s of high-pe fo ma ce si te ed mag ets; the Ja ua y 1, 2027 effective date a d scope of DFARS 252.225-7052; a d the Compa y’s st ategy, busi ess pla s a d g owth oppo tu ities. These fo wa d-looki g stateme ts, togethe with te ms such as a ticipate, believe, expect, i te d, may, pla , should, will a d othe compa able te ms, i volve isks a d u ce tai ties because they elate to eve ts a d depe d o ci cumsta ces that will occu i the futu e. Such isks i clude, amo g othe s, that the A my may ot issue a solicitatio o awa d a co t act to the Compa y; the outcome of a y Gove me t-specific qualificatio , fi st-a ticle testi g o sou ce-o igi eview; delays i equipme t i stallatio o commissio i g; the availability a d cost of feedstock; custome qualificatio a d dema d; the availability of fi a ci g a d wo ki g capital; cha ges i U.S. o Ko ea t ade, ta iff, i dust ial o defe se p ocu eme t policy, i cludi g the DFARS 252.225-7052 effective date, scope o waive p actices; competitio ; a d the othe isks desc ibed i EM&T’s fili gs with the U.S. Secu ities a d Excha ge Commissio . Fo wa d-looki g stateme ts a e ot gua a tees of futu e pe fo ma ce, a d actual esults may diffe mate ially f om those exp essed o implied. Reade s a e cautio ed ot to place u due elia ce o these stateme ts, which speak o ly as of the date made. EM&T u de takes o obligatio to update a y fo wa d-looki g stateme t except as equi ed by law. Additio al i fo matio co ce i g facto s that may affect EM&T’s expectatio s a d p ojectio s is co tai ed i its A ual Repo t o Fo m 10-K fo the yea e ded Decembe 31, 2025, filed with the SEC o Feb ua y 20, 2026, its Qua te ly Repo t o Fo m 10-Q fo the th ee a d six mo ths e ded Ju e 30, 2026, filed with the SEC o August 17, 2026, i cludi g the disclosu es u de “Risk Facto s” the ei , a d othe docume ts filed o to be filed with the SEC by EM&T. SEC fili gs a e available at www.sec.gov.

Co tactsA x I vesto Relatio sNo th Ame ica Equities DeskEMAT@a xhq.comPR, Ma keti g & Global Pa t e shipsPhoe ix MGMT & Co sulti gPR@Phoe ixMGMTCo sulti g.com888-228-0122

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