Hydro-Québec Invests $1 Million in Solicore

October 23, 2001 by Jeff Shepard

Hydro-Québec CapiTech (Montreal, Canada) has acquired a financial interest worth US$1.0 million in Solicore Inc. (Lakeland, FL). As a result, Hydro-Québec now owns a minority interest of the voting shares of Solicore. Solicore has now completed a first round of financing for US$3.0 million.

Solicore is the outcome of the merger of Leading Edge Technologies Inc., which specializes in the design of equipment for manufacturers of rechargeable batteries, and Skylab Technology Group Inc., which holds patents on a new type of solid-polymer electrolyte used in lithium batteries.