RE:RE:2023 will be the year to remember I guess it was this item I was thinking of: (from October 31, 2022 -- time flies)
HYDROGEN UPDATE
Further to our December 8, 2021, release, HPQ would like to inform shareholders that the HPQ validation team at Novacium, our France – based R&D team, completed two separate EBH2 validation tests over the last few months. Unfortunately, the results of both tests did not allow the validation of EBH2 key claims but does demonstrate the utility of our new business venture with Novacium (see September 15, 2022 release). As a result, HPQ is no longer pursuing the venture with EBH2 as described in our August 24, 2021, release. We may revisit this opportunity if EBH2 has more success with the new generation generator they are developing.
“Novacium’s technical expertise in hydrogen R&D and their adherence to scientific processes guided a due diligence report which, based on its conclusion, allowed HPQ to terminate the EBH2 venture as it did not meet criteria set in the agreement.” Commented Bernard Tourillon, President and CEO of HPQ Silicon Inc. “In regard to the rigorous processes that Pyrogenesis has applied to the QRR project, while it may have taken more time than anticipated to get where we are now, the rigorous scientific approach will soon reap benefits and our future has never looked so bright. The fact is that HPQ Silicon is advancing on all its projects, and we have de-risked the Company over the years and going forward we will continue to do so.”