(Boursier.com) — Hopium , a 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 financing needs of the society. 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 continue the development of the Hopium Machina technology platform while implementing adjustment measures charges.
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, drawings on the Atlas bond financing line, the Company confirms that it estimates that it can meet its estimated financing needs until June 30, 2023, it being specified that it continues to explore other sources of financing within the framework 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 on the occasion of the presentation of its annual accounts.
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