- Green technology stock HPQ Silicon signed a multi-party commitment with ARQUUS, its French affiliate NOVACIUM and LN INNOV
- HPQ intends to initiate discussions exploring the potential cooperation for integrating Novacium’s new hydrogen production system into ARQUUS company vehicles
- The process is designed for military and civilian uses and addresses the potential need for a low-carbon, high-pressure autonomous hydrogen production system deployable anywhere
- HPQ Silicon stock opened trading at C$0.22 per share
Green technology stock HPQ Silicon (TSXV:HPQ) signed a multi-party commitment with ARQUUS, its French affiliate NOVACIUM and LN INNOV.
Specializing in green engineering of silica and silicon-based materials, HPQ intends to initiate discussions exploring the potential cooperation for integrating Novacium’s new hydrogen production system into ARQUUS company vehicles.
The dual-application process is designed for military and civilian uses and addresses the potential need for a low-carbon footprint, on-demand, high-pressure autonomous hydrogen production system deployable anywhere globally, even under off-grid conditions.
“The signing of this multi-party commitment with the ARQUUS company represents a first step in the commercialization of Novacium’s hydrogen manufacturing process. We are excited about its potential to transform hydrogen’s role, as safe and clean energy on-site source in various industrial applications,” Bernard Tourillon, president and CEO of NOVACIUM SAS and HPQ Silicon, said in a news release.
“The energy transition to hydrogen is a real windfall for France. It offers major economic opportunities, strengthens the country’s energy sovereignty and renews the techno-industrial training capacity of the Armed Forces,” Nathalie Mazeau, LN INNOV’s CEO added in a statement.
LN INNOV is a French networking company with a strong presence in various sectors, including defense.
Within the Volvo Group, ARQUUS is a company engaged in the design, development, manufacturing, marketing, and support of tactical and logistic vehicles.
Novacium was born out of a partnership between three of France’s leading research engineers who wanted to develop their own technology connected to renewable energy. Its process seeks to be wholly autonomous, operating without needing electricity, extensive storage, and complex transportation infrastructure, unlike traditional electrolysis-based hydrogen production systems.
HPQ Silicon is focused on producing the critical materials needed to reach net-zero emissions. The company’s efforts are centred on fumed silica, high-purity silicon, silicon-based anode materials for battery applications, and on-demand hydrogen production.
HPQ Silicon stock opened trading at C$0.22 per share. The stock has added 266.67 per cent since 2019.
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