Yes, it's 3/8 hdpe. The sides aren't compressing anything, but the cells are compressed from the open end using captive nuts with studs pressing against the floating HDPE plate up against the cells. There are also 2 narrow strips of floating hdpe on top of of the cells acting as a hold down (also using captive nuts and studs). You can see the compression and hold down approach a little better in the following pics.
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