08:07 AM EDT, 06/21/2024 (MT Newswires) -- HPQ Silicon ( HPQFF ) said Friday that its France-based affiliate Novacium acquired new battery testing equipment that allows for comprehensive analyses of various lithium battery formats.

HPQ said Novacium's acquisition of a TOB-BTS-5V6A analyzer reduces its reliance on external laboratories.

The new equipment also allows Novacium to accelerate testing processes and benchmark proprietary materials against commercial standards, HPQ added.

"Rapid access to testing results enables us to optimize our research and development efforts, use our resources more effectively, and maintain a competitive edge in the market," said Bernard Tourillon, president and CEO of HPQ and Novacium.

HPQ's share price rose 1.6% yesterday to $0.31.