Press release
DETAILS RELATING TO THE MEASURES IMPLEMENTED IN THE FRAMEWORK
OF THE NEW STRATEGIC PLAN
Paris, January 13, 2023
at 5.45 p.m. – HOPIUM (the ”
Company
“), French manufacturer of high-end hydrogen vehicles in the development phase of a pre-industrial prototype, would like to provide details concerning the measures implemented as part of the definition of a new roadmap which takes into account the needs financing of the Company. This communication follows the press release published by Hopium on December 22, 2022 and aims to inform the market of certain additional information contained in a press article.
As announced in a press release on December 22, 2022, “
Hopium’s Board of Directors has appointed a new management team to pursue the development of the Hopium Machina technology platform while implementing load adjustment measures.
These measures, which should make it possible to finalize the development of the platform with a view to its industrialization, will notably consist of sequencing the development of future prototypes and adjusting the workforce [afin] to better distribute the company’s financing needs in the coming months. »
As part of this new plan, the Company is studying different scenarios including the sequencing and timing of the commercialization of the Hopium Machina, and the possibility of commercializing or licensing its fuel cell initially. Designed to meet the high-end characteristics of the Hopium Machina, particularly in terms of compactness, durability and performance, this fuel cell represents a differentiating technological asset that has been the subject of 16 patent applications.
In this new phase of development, the company is analyzing its financing and cost structure, which could lead to a reduction in the payroll after a significant recruitment period which has made it possible to intensify R&D efforts. This reduction will depend on the final outlines of the strategic plan which is currently being drawn up.
Assuming, in particular, drawdowns on the Atlas bond financing line
[1]
the Company confirms that it believes it can meet its estimated financing needs until June 30, 2023, it being specified that it continues to explore other sources of financing as part of its new strategic plan, including by means of a call for tenders, and/or through industrial partnerships.
The Company will detail its new roadmap, as well as the related financing needs, as soon as its strategic analysis is completed, and at the latest when presenting its annual accounts.
ABOUT HOPIUM
Founded by Olivier Lombard, the youngest winner of the 24 Hours of Le Mans, Hopium is the culmination of his experience acquired on motor racing circuits. Olivier Lombard has driven hydrogen-powered racing cars for 7 years, making him an expert in the field. An open-air laboratory, the race allowed Olivier Lombard and his team to reflect on new mobility solutions to meet contemporary environmental challenges. While the transport sector alone is responsible for 20% of greenhouse gas emissions, the company is positioning itself as a player in the fight against climate change. Hopium brings together a team of experts at the forefront of innovation in the hydrogen fuel cell and automotive engineering sectors, as well as leading partners.
www.hopium.com
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ISIN: FR0014000U63
Mnemonic: ALHPI
CONTACTS
|
Hopium Edson PANNIER +33 (0)6 42 80 01 18 [email protected] |
Actifin Jean-Yves BARBARA +33 (0)6 64 11 18 33 [email protected] |
Actifin Isabelle DRY +33 (0)6 63 93 08 15 [email protected] |
[1]
It being specified that the bond loan concluded with Atlas consists of nine tranches: (i) a first tranche of 5.5 million euros of nominal value (drawn down in September 2022) and (ii) eight tranches of a nominal value maximum of 2 million euros each (including a tranche drawn down in January 2023), subject to a market capitalization of the Company at least equal to 50 million euros recorded 15 trading days before the date of issue of a new slice.
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Full and original press release in PDF format:
https://www.actusnews.com/news/78048-2023-01-13_hopium_precisions-nouveau-plan-strategique_vdef.pdf
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