HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQB: HPQFF) (FRA: O08), a technology company
specializing in green engineering of silica and silicon-based
materials is pleased to inform its shareholders that its affiliate
Company based in Lyon, France, NOVACIUM SAS ("Novacium") has
acquired a family of patents [1] related to the surface treatment
of carbon base materials from Dr. Alexander Zaderko [2].
Dr. Zaderko is a world-renowned researcher from the University
of Kyiv in Ukraine with more than 20 years of experience in carbon
functionalization for various applications, including energy and
supercapacitors.
IMPROVING BATTERY PERFORMANCE OF SILICON-BASED ANODE
MATERIALS
Silicon-based anodes have up to 10 times the
energy density of a graphite-based anode, which is why Porsche,
Mercedes and GM are betting on silicon-anode batteries [3].
While silicon-based anode materials hold great
promise for batteries, they are known to suffer from significant
degradation during charging and discharging cycles. To address this
issue, a common approach is the application of a carbon coating.
This carbon coating is widely used to mitigate some of the
degradation, improving the overall performance and durability of
silicon-based anodes [4].
In collaboration with Dr. Zaderko, Novacium's
team of researchers have adapted and validated the substantial
potential of Novacium surface treatments for carbon-based materials
in battery applications.
Initial tests have shown significant performance
improvements in silicon-based Li-ion batteries. These results
indicate that the new surface treatment has a dual effect on
battery properties: it reduces degradation by improving the
interface with the electrolyte, enhancing cyclability (battery
lifespan), and also reduces charging time.
POTENTIAL PERFORMANCE IMPROVEMENT FOR A
WIDE RANGE OF LITHIUM-ION BATTERIES
Furthermore, initial test results with graphite
anode materials alone (without silicon) suggest that the new
surface treatment positively impacts the performance of
graphite-based Li-ion batteries by enhancing the
graphite-electrolyte interface."
“Our innovative approach aims to significantly
improve the operation of lithium batteries,” said Mr. Oleksiy
NICHIPORUK, Novacium's Chief Technical Officer (“CTO”). “We believe
that the application of Novacium's patented surface treatments has
the potential to transform and enhance the performance of Li-ion
batteries, benefiting not only silicon-based anode materials but
the entire battery market.”
NOVACIUM'S SURFACE TREATMENT PROCESS AND
HPQ'S BATTERY STRATEGY
HPQ is committed to providing custom silicon
(Si)-based anode materials solutions to industry players. Our
exclusive access to Novacium's new surface treatment further
enhances our appeal to industry players.
THE MARKET FOR SILICON-BASED MATERIALS FOR LITHIUM
BATTERIES IS EXPANDING
A major trend in the lithium battery industry is
the introduction of small amounts (between 5% and 10%) of silicon
oxide (SiOx) into graphite composite electrodes. This is due to the
fact that pure graphite anodes have essentially achieved their
maximum performance in terms of energy density [5].
This new reality is driving a surge in demand
for silicon anode materials. As of 2023, this market is valued
between US$1.1 billion [6] and US$2.7 billion [7]. Its growth
prospects indicate a potential demand of 300,000 tons by 2030,
estimated at US$15 billion [8], according to one source, and US$
131.6 billion in 2033 according to another source [9].
It's important to highlight that silicon-based
materials for Li-ion batteries currently make up a relatively small
portion, accounting for less than 10%, of the global demand for
graphite, which is primarily used in the manufacture of anode
materials for Li-ion batteries. This graphite market is estimated
to be worth US$25 billion in 2023 [10].
“Novacium's new patented surface treatment, which also improves
the performance of graphite-based Li-ion batteries commonly used in
the industry, provides HPQ and Novacium with a unique opportunity
to offer solutions tailored to both the short- and long-term needs
of the battery industry,” said Mr. Bernard Tourillon, President and
CEO of HPQ Silicon Inc. and NOVACIUM SAS. “Promising preliminary
discussions have already started to take place with entities
already under non-disclosure agreements (NDAs) with HPQ on the
potential of this technology.”
REFERENCES
[1] |
Under the terms of the Novacium SAS incorporation agreement, HPQ
holds a worldwide license to commercialize Novacium SAS's
inventions and IP. |
[2] |
Patents (US 10000382 et UA
110301) associated with the family WO 2016/072959, (METHOD FOR
CARBON MATERIALS SURFACE MODIFICATION BY THE FLUOROCARBONS AND
DERIVATIVES), held by Alexander ZADERKO, Vasyl PRUSOV et Vitaliy
DIYUK, are in the process of being registered in the name of
Novacium SAS.Patents applications (DE 112017007450 et US
2020/198971) associated with the family WO 2018/194533, (METHOD FOR
CHEMICAL MODIFICATION OF FLUORINATED CARBONS WITH SULFUR-CONTAINING
SUBSTANCE) held by Alexander ZADERKO, Vasyl PRUSOV et Vitaliy
DIYUK, are in the process of being registered in the name of
Novacium SAS.Patents applications (CA 3 123 354, EP 198 365 16.5,
JP 2021-534281, KR 10-2021-7021938, US 17/413,591, UA 123512) )
associated with the family WO 2020/121119, (THE PROCESS FOR
OBTAINING OF FLUORALKYLATED CARBON QUANTUM DOTS), held by Alexander
ZADERKO, are in the process of being registered in the name of
Novacium SAS. |
[3] |
CNBC web article dated April 22
2023, entitled “Why Porsche, Mercedes and GM are betting on
silicon-anode batteries”. Link to source |
[4] |
“SiOx as a Potential Anode
Material for Li-Ion Batteries: Role of Carbon Coating, Doping, and
Structural Modifications” by Hyeon-Woo Yang and Sun-Jae Kim. Link
to source |
[5] |
The Royal Society of Chemistry
2020 Sustainable Energy Fuels, 2020, 4, 5387–5416 |
[6] |
QY Research, SNE Research,
Shinhan Securities / NBM June 2023 Deck page 11 |
[7] |
The global silicon anode battery
market is likely to be valued at US$ 2.7 billion in 2023. From
Future Market Insights Global and Consulting Pvt. Ltd. |
[8] |
QY Research, SNE Research,
Shinhan Securities / NBM June 2023 Deck page 11 |
[9] |
According to Future Market
Insights, the global silicon anode battery market is Estimated to
Reach US$ 131.6 Billion by 2033. |
[10] |
Based on the analysis by Fact.MR,
the global graphite market is valued to be US$ 25.9 billion in 2023
and it is expected to grow at a CAGR o 8,5% to reach US$ 58,6
billion by the end of 2023. Link to source |
About NOVACIUM SAS
Novacium is green technology startup based in
Lyon, France started in Q3 2022. It is the result of a partnership
between three of France’s leading research engineers, Mr. Jed
KRAIEM PhD, Novacium's Chief Operating Officer (“COO”), Mr. Oleksiy
NICHIPORUK PhD, Novacium's Chief Technical Officer (“CTO”), and Mr.
Julien DEGOULANGE PhD, Novacium’s Chief Innovation Officer (“CIO”),
who wanted to start a new Research and Development company to
develop their own technology in high added value fields connected
to renewable energy, and HPQ Silicon Inc, a Canadian company,
looking to expand the depth and reach of technical team in order to
develop its silicon and new renewable energy projects.
About HPQ Silicon
HPQ Silicon Inc. (TSX-V: HPQ) is a
Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer.
HPQ is developing, with the support of
world-class technology providers PyroGenesis Canada Inc.
(TSX: PYR) (NASDAQ: PYR) and NOVACIUM SAS, new green
processes crucial to make the critical materials needed to reach
net zero emissions.
HPQ activities are centred around the following
five (5) pillars:
1) |
Becoming a green low-cost (Capex and Opex) manufacturer of Fumed
Silica using the FUMED SILICA REACTOR, a
proprietary technology owned by HPQ being developed for HPQ by
PyroGenesis. |
2) |
Becoming a zero CO2 low-cost (Capex and Opex) producer of High
Purity Silicon (2N+ to 4N) using our
PUREVAPTM “Quartz
Reduction Reactors” (QRR), a proprietary technology owned
by HPQ being developed for HPQ by PyroGenesis. |
3) |
Becoming a producer of silicon-based anode materials for battery
applications with the assistance of NOVACIUM SAS. |
4) |
HPQ SILICON affiliate NOVACIUM SAS is developing a low carbon,
chemical base on demand and high-pressure autonomous hydrogen
production system. |
5) |
Working to become the first producer of nano silicon materials from
High Purity Silicon chunks using our proprietary
PUREVAPTM Nano Silicon
Reactor (NSiR), a technology owned by HPQ
being developed for HPQ by PyroGenesis. |
For more information, please visit HPQ Silicon
web site.
Disclaimers:
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 ongoing 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.
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.
Source: HPQ Silicon Inc.For further
information contact: Bernard J. Tourillon, Chairman,
President, and CEO Tel +1 (514) 846-3271Patrick Levasseur, Director
Tel: +1 (514) 262-9239Email: Info@hpqsilicon.com
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