-- HPQ Silicon (HPQ.V) said Wednesday that its strategic partner, Novacium, has received an initial battery pack order from a European drone manufacturer. The order is a first step in the commercialization of high-capacity lithium-ion battery packs for drones.
This order follows GEN4 performance results announced last week, in which 21700 cells achieved up to 7,030 milliampere-hour (mAh) under extended-voltage test conditions, with energy densities reaching 330.9 watt hour per kg and 937.5 watt hours per litre, a statement said.
"This development reflects the continued advancement of our technology toward commercial applications over the coming quarters," said Bernard Tourillon, HPQ Silicon chief executive. "HPQ stands to benefit directly through its ownership stake in Novacium. More importantly, the battery pack configurations being delivered represent a foundational step toward standardized solutions that can be deployed across both European and North American markets."
HPQ shares closed down $0.005, to $0.17 on Tuesday on the TSX Venture Exchange.