Investors

HSM incorporated in January, 2005 and to date has secured over $3.3 million in funding to support the company’s research and business operations for the next two years. The company has raised $2.2 million in Atlantic Innovation Fund and $342,000 NSERC funding, in addition to over $800,000 in private equity. To date, the team has multiple U.S. provisional patent filings in the area of light metal hydrides and supercritical fluids, novel hexahydride anion salts, and covalent ternary analogues for hydrogen storage. The early results of the research have provided a basis for the company’s optimism that the science reflected in this body of work will yield materials to increase hydrogen storage capabilities sufficient to meet the goals set by the US Department of Energy. With the core research team in place and the preliminary exploratory research underway, the Development Team is expecting to file more than 10 patents over the next 12-18 months in the area of advanced hydrogen storage materials.