$HPQ.V

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HPQ Silicon Signs LOI to Evaluate Development of an Electric-Propulsion Platform for North American Markets

HPQ Silicon (HPQ.V) on Wednesday said it signed a Letter of Intent (LOI) with LN Innov' and Novacium SAS to launch a 190-day evaluation of a "Canadian-based platform integrating advanced batteries, electric motors and propulsion systems for North American drone and defense markets".The company holds a 36.8% stake in Novacium and exclusive North American commercialization rights to its technologies. The evaluation will focus mainly on industrialization, manufacturing, supply-chain requirements, certification pathways, target applications, business structure and potential commercialization strategies for North American markets, it said.The LOI is non-binding, does not grant exclusivity and does not include financial commitments, it added. LN Innov' is scaling up its manufacturing capacity to reach up to 20,000 drone motors per month in France by the end of the third quarter of 2026.Novacium's advanced battery technologies are currently being evaluated by French drone manufacturers introduced through LN Innov' for potential integration into future drone platforms."Through our partnership with Novacium and this new collaboration with LN Innov, we have an opportunity to evaluate the adaptation of an industrial model currently being deployed in Europe for North American markets, combining advanced battery technologies with proven electric propulsion expertise," said HPQ Silicon Chief Executive Bernard Tourillon.Shares of HPQ were last seen unchanged at $0.165 on the TSX Venture Exchange.

$HPQ.V

Mining & Metals56d ago

HPQ Silicon Secures First Battery Order from European Drone Manufacturer

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.

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