The company targets the power needs of AI data centers through patented nanomagnetic semiconductor and spintronic computing technology for AI, defense, and space applications
Hoboken, New Jersey, May 19, 2026 /PRNewswire/ — (NASDAQ: HOTH) (“Hoth” or the “Company”) announced today that it intends to change its name to Rocket One, Inc. (“Rocket One”) and restructure its business to pursue opportunities in artificial intelligence infrastructure, next-generation semiconductor technology, and ultra-low-power AI computing through a recently formed wholly owned subsidiary.
Under our soon-to-be rebranded Rocket One, Inc. and newly acquired license, we will enter the growing AI semiconductor market. AI semiconductor acceleration Technology based on non-volatile nanomagnetic semiconductor architecture and spintronics computing technology developed at Virginia Commonwealth University (“VCU”) to address one of the biggest challenges facing artificial intelligence today: power consumption and computing efficiency.
The Company intends to continue its biotechnology program and is considering placing its biotechnology assets in a separate wholly owned subsidiary.
The refocusing of the business was unanimously approved by the Company’s Board of Directors. Additional details regarding the license and proposed operations will be included in our current report on Form 8-K filed from time to time with the Securities and Exchange Commission.
AI infrastructure is reaching breaking point
Artificial intelligence has come to define modern computing workloads, driving an unprecedented global build-out of AI data centers, autonomous systems, edge AI infrastructure, and high-performance computing environments.
However, the AI industry is constrained by:
- Increasing power consumption
- cooling limits
- memory bottleneck
- inference latency
- Rising infrastructure costs
As demand for large-scale language models, generative AI, and autonomous systems accelerates globally, the world’s largest technology companies are actively exploring next-generation semiconductor architectures that can deliver dramatically improved efficiency over traditional silicon approaches.
We believe that solving these infrastructure constraints is one of the most important opportunities in the future of artificial intelligence.
Exclusive AI semiconductor and spintronic computing portfolio
Rocket One has secured exclusive rights to what it believes to be two complementary spintronic semiconductor technologies. and
Nanomagnetic Matrix Multiplier — AI Hardware Acceleration
We have secured the exclusive rights to:
“Compact, low-energy, non-volatile nanomagnetic matrix multiplier as a hardware accelerator for machine learning and artificial intelligence”
Matrix multiplication is the foundational operation of virtually all modern AI workloads, including large language models and the transformer architectures that power generative artificial intelligence systems.
The licensed architecture is designed to support:
- Ultra-low power AI acceleration
- Next generation AI inference
- Advanced memory efficiency
- Edge AI system
- intelligent autonomous platform
- Decentralized AI infrastructure
The second technology leverages electron spin rather than traditional charge-based semiconductor approaches and is aimed at addressing increasing energy efficiency constraints in AI computing infrastructure.
Spintronics memory platform — defense, autonomous systems, space computing
Rocket One has secured exclusive rights to spintronic memory technology designed for advanced computing and information processing applications that may involve:
- Radiation Hardened Computing
- defense infrastructure
- autonomous aerospace systems
- Resilient edge computing
- AI environment in orbit
- next generation intelligent system
We believe that the same underlying spintronic physics that supports AI acceleration could provide long-term opportunities across the defense and space-based computing infrastructure market.
Building an AI infrastructure platform
The Company plans to pursue a capital efficient growth strategy focused on:
- semiconductor infrastructure partnership
- Commercialization of AI hardware
- sponsored research
- strategic acquisition
- Defense and aerospace opportunities
- Advanced computing infrastructure
- intelligent edge system
We also plan to expand our leadership with expertise in:
- Semiconductor business
- AI infrastructure
- Advanced computing architecture
- defense technology
- high performance computing
Management commentary
“Artificial intelligence is rapidly transforming every major industry, but the infrastructure that powers it is approaching critical energy and efficiency limits,” said Chief Executive Officer Rob Nee.
“We believe that next-generation semiconductor architectures, which can dramatically improve power efficiency, memory performance, and scalability for intelligent computing, are one of the greatest opportunities in global technology today. Rocket One is built to position us to participate in the future of AI infrastructure.”
Biotechnology business will continue as a subsidiary
The Company is considering placing its biotechnology pipeline and therapeutic drug development programs under an independent, wholly-owned subsidiary with dedicated management and operational resources. The restructuring is designed to preserve the value of the biotech portfolio for shareholders while enabling the parent company to pursue new opportunities in AI semiconductor infrastructure and advanced computing technologies.
About Rocket One Co., Ltd.
Rocket One Inc. is focused on the development and commercialization of spintronic computing technology for artificial intelligence hardware acceleration and radiation-tolerant computing applications. The Company holds exclusive rights to licensed technology for nanomagnetic matrix multiplier architectures designed as hardware accelerators for machine learning and artificial intelligence workloads, and skyrmion-based spintronic memory technology with potential applications in radiation-tolerant computing for defense and space systems.
Forward-looking statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding our corporate restructuring, strategic direction, potential development of licensed technology, anticipated future operations, recruitment plans, acquisition plans, research relationships, and the market opportunities described herein. These forward-looking statements are based on our current expectations and assumptions and are subject to a number of risks and uncertainties. Risks include, but are not limited to: the early nature of the licensed technology and the absence of commercial products; significant additional capital required by us to execute our strategic plans; the Company’s ability to raise such capital on acceptable terms or at all; competition from larger, better-funded companies in semiconductors, AI hardware and defense computing; the Company’s ability to recruit and retain qualified leaders and technicians; our ability to identify, finance and complete strategic acquisitions on acceptable terms; our ability to meet diligence milestones under the VCU License Agreement; Failure to comply may result in loss of license rights. intellectual property risks, including the possibility that one of the licensed patents is a patent application that has not yet been issued and, if issued, a patent application that is narrower in scope than the claims currently sought; Government use rights and other restrictions on licensed technology resulting from federal research funding under the Bayh-Dole Act. uncertainty in demand for spintronic computing solutions; risks of operating in a regulated industry; risks inherent in corporate restructuring, including risks affecting the Company’s existing biotechnology business and shareholder base;
Additional risk factors are described in the Company’s filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 8-K and Form 10-K and subsequent quarterly reports filed concurrently with this press release. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update such statements except as required by law.
Investor contact information:
LR Advisors LLC
Email: [email protected]
www.hoththerapeutics.com
Phone: (678) 570-6791
SOURCE Hoth Therapeutics, Inc.
