12:16 PM EDT, 06/21/2024 (MT Newswires) -- HPQ Silicon ( HPQFF ) said Friday 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, chief executive of HPQ and Novacium.

HPQ shares were last seen down $0.025 to $0.285 on the TSX Venture Exchange

Price: 0.29, Change: -0.03, Percent Change: -8.06