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HOPIUM: Extension of the observation period until January 2025

Stock price chart of HOPIUM (EPA:ALHPI) showing fluctuations.

HOPIUM, the cleantech specializing in heavy transport, obtained from the Paris Commercial Court a six-month extension of its observation period. Originally scheduled to end on July 17, 2024, this period has now been extended until January 17, 2025. This decision reflects the Court's confidence in Hopium's ability to finalize its fuel cell project.

Since April, the company has made significant progress, such as ordering key parts and launching bench testing. Hopium plans to announce the final results of these tests by the end of July and to begin road tests in the fall, with a view to commercializing its first fuel cells in early 2025.

Supported by Atlas Special Opportunities, Hopium is continuing its discussions with industrial partners. A first partnership was signed with K-Challenge to develop hydrogen solutions in the maritime sector, with an equipped boat planned for next year.

R. E.

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