Novacium Partners with the French Army's Technical Section to Develop High-Capacity Silicon-Based Batteries

Strategic Collaboration with French Army - Novacium SAS, a subsidiary of HPQ Silicon Inc, has entered into a strategic collaboration with the French Army's Technical Section (STAT) to develop high-capacity batteries using silicon-based materials [1][2] - The collaboration aims to create prototypes of ultra-high-capacity batteries for military applications such as surveillance systems, electronic sights, anti-drone systems, telecommunications, and autonomous vehicles [2] - The new batteries will utilize Novacium's advanced silicon-based anode material, which increases capacity by over 30% and extends battery range by a similar margin [3] Technological Advancements and Military Benefits - The increased battery capacity addresses challenges faced by the French and Western armed forces by reducing the frequency of charging and the number of batteries soldiers need to carry, thereby improving mobility and mission effectiveness [4] - Novacium's GEN3 or potentially GEN4 cells are currently in production, with delivery to STAT expected before the end of Q1 2025, followed by extensive testing by the Armed Forces [5] Commercialization and Industry Positioning - The collaboration with STAT is seen as a significant step toward the commercialization of Novacium's silicon-based anode materials, aligning with the growing demand for higher-capacity Li-Ion batteries [6] - HPQ Silicon Inc and Novacium SAS aim to position themselves as leaders in next-generation energy solutions, meeting industry performance and sustainability goals [6] Patent Acquisition and Ownership - HPQ Silicon Inc has acquired full ownership of the patent for the High-Throughput Fabrication of Silicon-Based Anode Materials, including all intellectual property and priority rights, with no royalties or obligations [7][8] - The acquisition was completed in exchange for the issuance of 1,009,343 units, each consisting of one common share and one-half warrant, with a total value of $260,000 [9] - The shares issued are subject to a mandatory hold period of four months and one day, and the transaction is pending regulatory approvals [10] Company Overview - Novacium SAS, a green technology startup based in Lyon, France, was established in Q3 2022 as a partnership between HPQ Silicon Inc and three leading French research engineers [12] - HPQ Silicon Inc is a Quebec-based company focused on developing green processes for critical materials needed to achieve net-zero emissions, with activities centered around four key pillars [13]