HPQ Silicon Inc. announce that HPQ and its Lyon-based affiliate, Novacium SAS, have signed a three-party memorandum of understanding (MOU) with LN INNOV? SAS of Toulouse, France. LN INNOV?

is a French networking company with a strong presence in various sectors, including Defense. Leveraging its extensive network, LN INNOV' aims to streamline access to innovative energy projects like the one presented by Novacium and HPQ. Their goal is to connect key industry stakeholders and expedite the transition of innovative projects from the research and development phase to commercialization.

The goal of this three-party agreement is to harness LN INNOV's expertise and introduce Novacium's new, environmentally friendly high-pressure hydrogen production system via hydrolysis (as detailed in the September 7, 2023, press release) to French defense industry companies. LN INNOV' has already arranged for Novacium to be invited to present its innovative hydrogen solution at the next Energy Working Group (EWG) meeting of the ?Groupement des Industries Françaises de Défense et de Sécurité Terrestre et Aéroterrestre? (GICAT), scheduled for the last week of September 2023.

The MOU, signed on May 15, 2023, designates LN INNOV? as the exclusive French representative for a 1kW version of the hydrogen system.