Innovative silicon solutions provider HPQ Silicon Resources Inc.
(“HPQ” or “the Company”) (TSX-V: HPQ; FWB: UGE; Other OTC : URAGF),
through its wholly – owned subsidiary, HPQ Nano Silicon Powders inc
(“HPQ NANO”), is pleased to announce today that technology provider
PyroGenesis Canada Inc. (TSX: PYR) has informed HPQ NANO that phase
1 of the PUREVAPTM Nano Silicon Reactor (“NSiR”) development
program has reached the commissioning stage, with the Gen1
PUREVAPTM NSiR now ready to start producing Silicon nano materials.
“The announcement today is indeed a major
milestone and we are proud at having played a key role in this
accomplishment. We are all extremely excited to have the Nano
Reactor up and running, on schedule and on budget, particularly
during these trying times.” said P. Peter Pascali CEO and Chairman
of PyroGenesis Canada Inc. “The next major step is to get qualified
samples into end user’s hands which we are pushing to do before
year-end, or shortly afterwards. The more we progress with the Nano
reactor the more it seems to us to be a real game changer. It may
very well become the gold standard for making nano Si for the
battery industry. Success to date bodes well for the future, and
today’s announcement is one major step in that direction”.
PUREVAPTM
NSiR LOW-COST SPHERICAL SILICON MATERIALS:
A GAME CHANGING LEAP
Despite strong research and massive investment
in Silicon material for batteries, current manufacturing processes
are simply not scalable or commercially viable. With a capability
of producing tailor made silicon materials within a wide range
(from < 0.20 µm up to 5 µm), the PUREVAPTM NSiR represents a
game changing leap forward in resolving the issues of commercial
viability and scalability.
With the Gen1 NSiR now operational, HPQ NANO
will be uniquely positioned to be able to offer industry
participants a wide spectrum of products for testing, while we
advance phase 2 of the PUREVAPTM NSiR development program towards
the confirmation of the scalability of the process in order to
increase our capacity to meet the anticipated emerging demands from
battery, EV manufactures and other markets looking for nano silicon
materials.
Image 1) HPQ NANO Phase 1 and Phase 2
project timelines is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/5fd1fc40-2f1b-408d-965f-4763be214bef
“First, let me thank the PyroGenesis team for
getting the Gen1 PUREVAPTM NSiR operational, on time and on budget,
during these challenging times. This is a major and critical
milestone for us. Having the capability to produce Silicon
nanopowders and nanowires will allow HPQ to be at the forefront of
Nano Silicon for batteries as we continue working on scaling up the
capacities of our next generation of PUREVAPTM NSiR reactors. This
is another demonstration of the depth and flexibility of HPQ’s
R&D consortium as we strive to produce products for renewable
energy storage participants and electric vehicle manufacturers, who
are searching for cost effective ways of increasing the Silicon
contained in their batteries.,” said Bernard Tourillon, President
and CEO HPQ Silicon. “Silicon’s potential to meet energy storage
demand is undeniable, generating massive investments, and serious
industry interest. We are very confident that demand for the
Silicon materials we will produce, with our low-cost scalable
processes, will be in high demand by batteries and EV manufacturers
in this renewable energy revolution.”
About PyroGenesis Canada
Inc.
PyroGenesis Canada Inc., a high-tech company, is
a leader in the design, development, manufacture and
commercialization of advanced plasma processes and products. The
Company provides its engineering and manufacturing expertise and
its turnkey process equipment packages to customers in the defense,
metallurgical, mining, advanced materials (including 3D printing),
and environmental industries. With a team of experienced engineers,
scientists and technicians working out of its Montreal office and
its 3,800 m2 manufacturing facility, PyroGenesis maintains its
competitive advantage by remaining at the forefront of technology
development and commercialization. The Company’s core competencies
allow PyroGenesis to provide innovative plasma torches, plasma
waste processes, high-temperature metallurgical processes, and
engineering services to the global marketplace. PyroGenesis’
operations are ISO 9001:2015 and AS9100D certified. For more
information, please visit www.pyrogenesis.com.
About HPQ Silicon
HPQ Silicon Resources Inc. (TSX-V: HPQ) is
a Canadian Innovative Silicon Solutions Provider.
Silicon (Si), also known as silicon metal, is
one of today’s key strategic materials needed for the
decarbonization of the economy and the Renewable Energy Revolution
(“RER”).
Silicon is the most abundant element in earth’s
crust but does not exist in its pure state and must be extracted
from quartz (SiO2) in what has historically been a capital and
energy intensive process. HPQ is building a portfolio of
silicon–based products using innovative scalable processes. The
target objective is to produce high value speciality Silicon
products using technologies that will reduce energy consumption,
GHG’s, and carbon footprint.
Working with PyroGenesis Canada Inc. (TSX: PYR),
a high-tech company that designs, develops, manufactures and
commercializes plasma - based processes, HPQ is developing:
- The PUREVAPTM “Quartz
Reduction Reactors” (QRR), an innovative process (patent
pending), which will permit the one step transformation of quartz
(SiO2) into high purity silicon (Si) at reduced costs, energy
input, and carbon footprint that will propagate its considerable
renewable energy potential.
- HPQ believes it will become the lowest cost (Capex and Opex)
producer of silicon (Si) and high purity silicon metal (3N – 4N
Si).
- Through its 100% owned subsidiary HPQ NANO Silicon Powders Inc,
the PUREVAPTM Nano
Silicon Reactor (NSiR),
a new proprietary process that can use different purities of
silicon (Si) as feedstock, to make spherical silicon nanopowders
and nanowires.
- HPQ believes it can also become the lowest cost manufacturer of
spherical Si nanopowders and silicon-based composites needed by
manufacturers of next-generation lithium-ion batteries.
- During the coming months, spherical Si nanopowders and
nanowires silicon-based composite samples requested by industry
participants and research institutions’ will be produced using
PUREVAPTM SiNR.
HPQ is also working with industry leader Apollon
Solar of France to:
- Use their patented process and develop a capability to produce
commercially porous silicon (Si) wafers and porous silicon (Si)
powders.
- The collaboration will allow HPQ to become the lowest cost
producer of porous silicon wafers for all-solid -state batteries
and porous silicon powders for Li-ion batteries.
- Develop the hydrogen generation potential of Silicon
nanopowders for use with the GennaoTM system.
- Commercialize, exclusively in Canada, and non-exclusive in the
U.S.A., the GennaoTM H2 system and the chemical powders required
for the hydrolysis production of Hydrogen ("H2").
This News Release is available on the
company's CEO Verified Discussion Forum, a moderated social
media platform that enables civilized discussion and Q&A
between Management and Shareholders.
Disclaimers:
The Corporation’s interest in developing the
PUREVAP™ QRR and any projected capital or operating cost savings
associated with its development should not be construed as being
related to the establishing the economic viability or technical
feasibility of any of the Company’s Quartz Projects.
This press release contains certain
forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate",
"continue", "anticipate", "intend", "expect", "in the process" and
other similar expressions which constitute "forward-looking
information" within the meaning of applicable securities laws.
Forward-looking statements reflect the Company's current
expectation and assumptions and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those anticipated. These forward-looking statements
involve risks and uncertainties including, but not limited to, our
expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to
research and development, the impact of competitive products and
pricing, new product development, and uncertainties related to the
regulatory approval process. Such statements reflect the current
views of the Company with respect to future events and are subject
to certain risks and uncertainties and other risks detailed from
time-to-time in the Company's on-going filings with the security’s
regulatory authorities, which filings can be found at
www.sedar.com. Actual results, events, and performance may differ
materially. Readers are cautioned not to place undue reliance on
these forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements either as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information
contact
Bernard J. Tourillon, Chairman, President and CEO
Tel (514) 907-1011Patrick Levasseur, Vice-President and COO Tel:
(514) 262-9239http://www.hpqsilicon.com Email:
Info@hpqsilicon.com
An image accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5fd1fc40-2f1b-408d-965f-4763be214bef
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