The silicon solutions and technology development firm HPQ Silicon Resources Inc (OTCMKTS:HPQFF) emerged as one of the major movers on Tuesday after the company made an announcement with regards to the signing of a Memorandum of Understanding.
The announcement also resulted in a lot of action in the HPQ Silicon stock and it ended the day with gains of as much as 9%. The Memorandum of Understanding in question was signed with the Swiss firm EBH2 Systems SA. In this regard, it should be noted that EBH2 is best known for its proprietary electrolysis systems that can help in the extraction of Green Hydrogen from any source of water.
That is a sort of technology that can be of immense help with regards to the clean energy ambitions of many nations. At this point, it is well known that Green Hydrogen can be deployed for the development of cheap electricity that has zero environmental ill effect. However, it should be noted that at this point the company’s electrolysis technology is still in the patent application stage. That being said, investors seem to be quite excited about the prospects of HPQ Silicon after it signed this Memorandum of Understanding with EBH2.