12:29 PM EST, 12/18/2024 (MT Newswires) -- HPQ Silicon ( HPQFF ) on Wednesday updated shareholders on the latest battery milestones achieved by its France-based affiliate, Novacium SAS.

Latest results confirmed that, over 650 cycles, 18,650 batteries made with Novacium's GEN3 silicon-based anode material delivered a cumulative energy return of 2,296 Ampere-Hours (Ah), while graphite benchmark batteries, made with high-grade artificial graphite, delivered only 1,766 Ah, representing a 30% cumulative energy gain.

"These latest results validate the performance of our GEN3 silicon-based anode technology, and underscores its readiness for real-world applications," said chief operating officer Jed Kraiem. "The results demonstrate a clear path to significantly improving energy density and battery lifespan while maintaining compatibility with existing manufacturing processes."

HPQ shares were last seen down $0.005 to $0.25 on the TSX Venture Exchange

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