HPQ Signs LOI to Evaluate Development of a Canadian-Based Electric Propulsion Platform for North American Markets
HPQ signed an LOI with LN Innov' and Novacium SAS to evaluate a Canadian-based platform integrating advanced batteries, electric motors and propulsion systems for North American drone and defense markets. HPQ has direct exposure to the proposed platform through their 36.8% equity interest in Novacium SAS and exclusive North American commercialization rights.