“Concept specializes in science, technology and healthcare real estate development projects,” said Seth Lane, executive vice president of real estate for Concept Companies. “Working with Empyrean with the strong support of Osceola County and the NeoCity team will result in a tremendous, transformative project for our community.”

With approval of the MOU, the County, Concept and Empyrean have 120 days to finalize a comprehensive development agreement, furthering Osceola County’s strategic vision of creating a vibrant, technology-driven economic landscape .

The investment builds on NeoCity’s growing momentum in technology development, including:

• Central Florida Semiconductor Innovation Engine created with National Science Foundation award

• Critical funding from the Department of Defense and the U.S. Economic Development Administration

• Setting up a semiconductor accelerator program through Plug and Play

• Partnerships with leading technology institutions such as SkyWater Technology, imec USA and several universities

By attracting innovative companies like Empyrean and building a strong technology ecosystem with partners like Concept and MagCorp, Osceola County is positioning itself at the forefront of high-tech innovation and inclusive economic growth .

About Empyrea

Using highly specialized magnetic and photonic technologies, new particle accelerators and advanced materials science, Empyrean Medical Systems, Inc.’s products incorporate the latest advances in quantum physics, high temperature superconductors (HTS), of synthetic diamonds, molecular biology and machine learning to deliver world-class precision, effectiveness and safety in cancer treatment.

About Concept

Since 2004, Concept Companies have created environments that enhance, empower and inspire. Concept Companies is a full-service national real estate company headquartered in Gainesville. She has built a team of trusted experts across multiple sectors, including mixed-use masterplan developments, science and technology, industrial and office. Concept Companies has developed more than 300 projects totaling more than 10 million square feet in various sectors across the United States.

About Magnetics

MagCorp’s mission is to usher in the industrial era of superconductivity through its continued efforts in joint technology development with the private sector, public-private partnership economic development and business growth solutions. MagCorp is leading the creation of the world’s first commercial HTS ecosystem and anchoring it in the state of Florida to solve some of humanity’s most pressing grand challenges.

About Osceola County And NeoCity

Osceola County is one of the fastest growing counties in the country. It is a dynamic and innovative community focused on the vision of being the manufacturing research and innovation center of a regional economy and, in doing so, it aims to improve the quality of life of its residents through responsible resource management, innovative public services and community engagement. Following the impacts of the COVID-19 pandemic, when unemployment reached 30% (the highest in the state), Osceola County decided to make a long-term investment to create a 500-acre technology district known as NeoCity in order to diversify its economy. In collaboration with the National Science Foundation, the Central Florida Semiconductor Innovation Engine seeks to become a global leader in advanced and specialized semiconductor packaging based in Florida.

Contact details

Ms. Madelyn Seal
Empyrean medical systems
[email protected]
561.931.2086

SOURCE: Empyrean medical systems

View original press release on accesswire.com