(AOF) – Hopium posted a net loss of 24.68 million euros in the first half, compared to 9.53 million a year ago. The company specializing in hydrogen fuel cells and automotive engineering, in receivership since July, characterizes its financial situation as “negative equity of 31.9 million euros and cash of 0.09 million euros “. Hopium having not yet initiated the marketing of its hydrogen fuel cell system, the company “did not achieve any turnover during the first half of 2023”, it is specified.
With the support of its financial partner Atlas Special Opportunities, Hopium is “continuing the development of its hydrogen fuel cell up to TRL 6 technology level” (demonstration of a prototype or system/subsystem model in a representative environment ) which will allow it to “demonstrate the maturity of its proprietary technology and its ability to serve the mobility sectors”.
Benefiting from a judicial recovery procedure, Hopium is “at the same time continuing discussions with potential industrial and commercial partners with the aim of defining a continuation plan allowing it to secure the continuation of its activity”.
© 2023 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
