-- Encore Technologies (ENCR.CN) expanded its existing partnership with Greenfoot Energy Solutions to advance commercial discussions focused on integrating the company's software platform with HYGN hydrogen retrofit systems across a broader range of applications, it said Thursday.
The expanded collaboration will focus on the development of Encore's intelligent infrastructure platform to support the measurement, monitoring and verification of fuel savings and associated emissions reductions generated through the deployment of HYGN systems, in non-vehicular applications, including distributed power generation, mining operations, and other industrial use cases, it added.
Encore and Greenfoot in this next phase, will also evaluate commercial structures for the licensing of Encore's software platform across HYGN deployments, including applications beyond traditional fleet vehicles.
The company's shares last traded Apr. 13, closing at $0.40 on the Canadian Securities Exchange.