HPQ Silicon Partners With Open Markets to Create Standalone Battery Business

• HPQ Silicon entered a strategic consulting agreement with Open Markets to establish a standalone North American battery business under Project ENDURA.
• The proposed transaction would provide HPQ with USD 4.2 million, an expected 55% equity interest and a royalty on defined net revenue.
• NewCo targets approximately USD 20 million in financing, including at least USD 8 million for production equipment and manufacturing capabilities.
• The partners are evaluating a potential US public listing for NewCo, subject to financing, market conditions and regulatory requirements.
• NewCo has not been incorporated; the transaction remains preliminary, with no binding financing commitments secured.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HPQ Silicon Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610190700PRIMZONECNPR____9848311) on October 19, 2026, and is solely responsible for the information contained therein.