NeoCity, Osceola County’s technological innovation district, has taken a significant leap forward with a newly approved Memorandum of Understanding  between the Osceola County Board of County Commissioners, Concept Companies, and Empyrean Medical Systems, Inc. This collaboration signals a transformative step in the region’s journey to become a global leader in advanced technology and innovation.

The agreement with Empyrean, a global medical device technology company specializing in advanced cancer treatment solutions, includes plans to establish a cutting-edge research, development, and manufacturing facility at NeoCity. By 2025, Empyrean is set to lease space at NeoCity, with the potential to develop a 50,000- to 100,000-square-foot facility by 2028. The state-of-the-art facility will consolidate the company’s operations in superconducting and magnetics research, manufacturing, and administration.

Driving Innovation in Cancer Treatment

Empyrean Medical Systems has revolutionized cancer treatment technologies by integrating advanced magnetics, photonics, particle accelerators, and machine learning into its products. The company’s focus on precision parts fabrication for radiation oncology and superconducting technologies aligns seamlessly with NeoCity’s strategic vision for fostering groundbreaking technological advancements.

Empyrean’s presence at NeoCity is expected to generate at least 60 high-skilled positions with an average annual salary of $80,000 by 2033. These roles will enhance Osceola County’s advanced technology workforce, contributing to the region’s economic diversification and growth.

“The MOU with Empyrean’s exemplifies the type of innovative, technology-driven companies we are attracting to NeoCity,” said Viviana Janer, Chair of the Osceola County Commission. “By leveraging our semiconductor ecosystem and advanced technical infrastructure, we’re creating a magnet for cutting-edge technological enterprises that drive economic diversification and high-value job creation.”

“NeoCity’s sophisticated technological ecosystem provides us with an unparalleled environment for innovation,” said Kal Fishman, President and CEO of Empyrean. “It uniquely enables our research, precision fabrication, and manufacturing. We are proud to consider NeoCity for our most advanced facility, creating high-skilled jobs and advancing technology right here in Florida.”

The MOU includes key roles for Concept Companies, the real estate developer responsible for constructing Empyrean’s facility, and Magnetics Corporation (MagCorp), which facilitates the partnership and accelerates advancements in superconducting technologies.

“Working with Empyrean, with the strong support of Osceola County and the NeoCity team, will yield a transformational project for our community,” said Seth Lane, Executive Vice President of Real Estate for Concept Companies.

MagCorp, a pioneer in high-temperature superconductivity (HTS), brings expertise in advancing critical technologies in energy and health, further solidifying NeoCity as a global innovation leader.

This agreement builds on NeoCity’s growing momentum as a hub for technological excellence. Key achievements include:

  • Establishment of the Central Florida Semiconductor Innovation Engine through a National Science Foundation award.
  • Strategic funding from the Department of Defense and U.S. Economic Development Administration.
  • A semiconductor accelerator program launched by Plug and Play.
  • Partnerships with industry leaders such as SkyWater Technology, imec USA, and major universities.

With these initiatives, NeoCity is positioning itself at the forefront of high-tech innovation and inclusive economic growth, attracting global leaders like Empyrean while fostering a robust technology ecosystem.

NeoCity is a 500-acre technology district in Osceola County designed to attract high-tech industries and create a globally recognized hub for innovation. With state-of-the-art facilities and partnerships across public and private sectors, NeoCity serves as a model for technology-driven economic development.

This latest partnership with Empyrean Medical Systems underscores Osceola County’s commitment to becoming a global leader in technology and innovation while delivering economic opportunities for its residents.