GH Power and TKMS Continue to Explore Clean Energy Collaboration in Support of Canada’s Future Patrol Submarine Project
GH Power Inc. (“GH Power”), a Canadian clean energy and critical materials technology company, today confirmed that the Government of Canada has selected TKMS, one of the world's leading naval shipbuilders and a global leader in the design and construction of advanced conventional submarines, as the preferred supplier for the Canadian Patrol Submarine Project (CPSP). As TKMS and the Government of Canada enter formal contract negotiations for the CPSP, GH Power may participate in Industrial and Technological Benefits (ITB) initiatives as part of TKMS's Canadian industrial strategy. If implemented, GH Power believes that these initiatives could provide it with non-dilutive funding to accelerate the development, validation, and commercialization of its proprietary advanced materials, and clean energy technologies in Canada. Under their existing non-binding memorandum of understanding (the “MOU”), GH Power and TKMS are evaluating the integration of GH Power's modular clean energy technology into future defense, industrial, and maritime manufacturing applications, with the aim of strengthening Canada's domestic supply chains and advanced manufacturing capabilities.
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GH Power, the Pioneering Clean Energy and Critical Materials Company, to Go Public through Business Combination with Matinas BioPharma
GH Power Inc. (“GH Power”) today announced that it has entered into a definitive Business Combination Agreement (the “Business Combination Agreement”) with Matinas BioPharma Holdings, Inc. (NYSE American: MTNB) (“Matinas”) for a proposed business combination that is expected to result in a NYSE-listed, publicly-traded critical minerals and clean energy company focused on advancing GH Power's modular reactor technology and related hydrogen, heat, power, and advanced materials platform.
