10:33 AM EDT, 06/10/2025 (MT Newswires) -- HPQ Silicon ( HPQFF ) , a technology company, and its French technology partner, NOVACIUM SAS, signed Tuesday a commercial and industrial cooperation agreement with Pragma Industries, a designer of fuel cells and soft mobility solutions based in Biarritz, France.

The company stated that the initial strategic partnership aims to accelerate the large scale commercialization of METAGENE green hydrogen production systems in response to rapidly growing market demand.

"What makes METAGENE compelling is not only its ability to generate hydrogen on demand, but the complete removal of traditional constraints - no external electricity, no compression infrastructure, and no high-cost logistics," said Novacium's Chief Operating Officer, Jed Kraiem.

A company statement noted that, as part of the agreement, the company will collaborate with Novacium, and Pragma Industries to evaluate the integration of METAGENE production stations into the mobility ecosystems developed by Pragma. The company added that a pilot phase is planned between late 2025 and early 2026, with operational testing aimed at validating a production capacity of 10 kg of hydrogen per day, intended to power fleets of hydrogen vehicles and drones.

"METAGENE technology represents a major breakthrough in the decentralized production of high-pressure hydrogen - a perfect fit for last-mile challenges," said Pragma Industries' Chief Executive Officer, Pierre Forte. "This solution will enable us to supply our soft mobility offerings in a sustainable and cost-effective way, without relying on traditional energy infrastructures that deliver hydrogen at high cost."

The company noted that the agreement signed at the end of April does not yet contain any material terms.

"This agreement with Pragma Industries highlights the transformative potential of METAGENE technology in the green mobility and drone sectors," said HPQ Silicon ( HPQFF ) and NOVACIUM SAS President and CEO, Bernard Tourillon.

HPQ Silicon ( HPQFF ) shares were last seen down $0.005 or 3.1% to $0.1550 on the TSX Venture Exchange.

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