/U P D A T E — Fermi Inc./

Fermi Inc. (d/b/a Fermi America) has issued an update following its Fermi 2.0 announcement, reporting positive feedback from potential tenants, the Texas Tech University System, and various partners. The company is actively pursuing its business and leadership objectives for Fermi 2.0. Addressing a call for immediate sale by former board member Mr. Toby Neugebauer, Fermi’s Board of Directors asserts that a sale is not in the best interest of the company’s growth, Project Matador momentum, or long-term shareholder value, but will continue to review all avenues to maximize shareholder value.

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