HPIL Holding (OTCMKTS:HPIL) fell 7% after its division, Apogee Dynamics, announced that Mitsubishi Chemical Advanced Materials had picked it as a finalist for its High-Temperature Carbon-Fiber 3D Printing Challenge from among the many premium submissions globally. Apogee Dynamics had submitted a design called “Electric Propulsion Electrodynamics Profile Ramping.”
Trading Data
On Tuesday, PHIL stock fell 7% at $0.0023 with more 100.57 million shares, compared to its average volume of 162.05 million shares. The stock has moved within a range of $0.0025 – 0.0028 after opening trade at $0.0027.
Selected as a Mitsubishi Chemical Advanced Materials Challenge Finalist
The design showcased advanced, novel 3D printing capabilities using Mitsubishi Chemical advanced Materials’ KyronMax. Notably, this design is Apogee power system’s sub-assembly under development for Apogee Powertrain, Apogee D7 EV, next-gen MotoCzysz Electric Motorcycle, and other products.
Apogee Dynamics President and HPIL CTO L. FerroxTutinean said that this is an exciting moment for the company to be chosen as a finalist for its novel Electric Propulsion Electrodynamics Profile Ramping design. Tutinean said that Mitsubishi is a world-class and reputable manufacturer, and it is a great honor for it to recognize the vision and talent within Apogee Dynamics and its excellent robotics division. So in the coming months, investors should keep an eye on HPIL.
Key Quote
“It is an exciting time to be able to announce that Apogee Dynamics has been selected as a Finalist by Mitsubishi Chemical Advanced Materials for its proprietary Electric Propulsion: Electrodynamic Profile Ramping design. Mitsubishi, as a well-known and world class manufacturer, does us great honor in recognizing the talent and vision within Apogee Dynamics, and its most excellent Robotics Division.” said, L. Ferrox Tutinean, President of Apogee Dynamics and CTO of HPIL
