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HPQ signs LOI to explore Canadian drone battery and propulsion platform with LN Innov and Novacium.

Market News
17 Jun 2026
PRNewsWire
View Source
Bullish
pluang ai news

HPQ Silicon Inc. signed a Letter of Intent with LN Innov' and Novacium SAS to evaluate a Canadian-based platform integrating advanced batteries and electric propulsion systems for North American drone and defense markets. HPQ holds a 36.8% stake in Novacium and exclusive North American rights to its technologies. LN Innov is scaling up production of electric drone motors in France, while Novacium's advanced battery tech is being tested by French drone makers. The collaboration aims to assess industrialization, manufacturing, and commercialization strategies over 190 days, potentially adapting European models for North America.

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