HPQ Silicon PUREVAP™: Impacting the Global Silicon, Solar and Battery Industries
August 19 2019 - 9:00AM
HPQ Silicon Resources Inc.
-
TSX-V: HPQ;
OTCPink: URAGF;
FWB: UGE - (“HPQ” or “the Company”) is
pleased to present the market with key metrics on the impact of the
Company’s progress since the H2 2018 closing of a CDN$ 5,250,000
financing1 and provide guidance for H2 2019 for the PUREVAP™ Quartz
Reduction Reactor (QRR) technology.
Since the 2015 commencement of the Company’s
quest to improve the global economics and supply concerns of the
Silicon market, the PUREVAP™ project has reached several
substantial operational milestones:
- Unique Proprietary Capability of converting low quality inputs
in to high purity Silicon (Si) [2];
- Production yields may exceed 90% of input material3;
- Demonstrating to the market that the technology functions as
expected.4
The potential economic implications for the
global downstream Silicon market and shareholders is extremely
significant in that the HPQ PUREVAP™ QRR technology may:
- Reduce raw material cost by 50%, representing a direct 20%
reduction in OPEX5;
- Reduce HPQ Silicon Manufacturing CAPEX by 90% or more versus
all other manufacturer6.
The addressable market for PUREVAP™ Silicon
(“Si”) is enormous with applications growing beyond just
solar. The market for standard grade material is estimated to
increase from US$ 7.5B in 2018 to US$ 12B in 20237.
The global solar energy market is forecasted by
Deutsche Bank to grow 10x by 2035 to be a US $ 400B industry.
The Solar Grade Silicon (“SoG-Si”) sub-market is expected to grow
from US $7.1B to US $11.8B by 20288.
Although not commercialized it is well
publicized that silicon could replace graphite anodes in Lithium
batteries. As reported by CNBC, private Venture Capital
backed firms are exploring the use of silicon in batteries and are
positioning to provide the auto industry with the solutions it
needs to substantially improve vehicle performance. Presently,
Silicon content in lithium-ion battery anodes is roughly 6% and is
estimated to represent an addressable market value of US $ 1B by
20229. If Silicon replaces other materials in batteries, this
new addressable market will grow exponentially.
Bernard Tourillon, President & CEO of HPQ
Silicon Resources Inc. stated: “HPQ is ready to solve the real
world challenges facing Silicon markets today. We are ready
to start commercializing our PUREVAP™ QRR technology. We are aiming
to completely revolutionize the economics of the $24B industry and
create significant cash flow.” Mr. Tourillon continued: “In
the coming months we will be meeting with end users to see exactly
what specs they will be needing for their applications and tweaking
our output for them.”
In H2 of 2019 the Company anticipates that the
Gen3 Pilot Plant will be operational and should prove scalability.
Throughout H2 the Company will be meeting with industry
participants and, by the end of H2, start sending test material
from the Gen2 unit with a goal of booking orders for material
produced by the Gen3 Pilot Plant, as soon as operationally
feasible.___________________________________________1 HPQ August
13th 2018 Release2 HPQ February 26th 2019 Release3 HPQ April 25th
2019 Release4 HPQ May 23 2019 Release5 HPQ June 17th 2019 Release6
HPQ July 11th 2019 Release7 CRU – Silicon Market Outlook – November
14 2018 (Pages 20 - 23)8 HPQ_NEW_DECK_JUNE_2019_AGM_V2.pdf9 Source
Marketandmakerts.com
About Silicon
Silicon (Si) is one of today’s strategic
materials needed to fulfil the renewable energy revolution
presently under way. Silicon does not exist in its pure state; it
must be extracted from quartz, one of the most abundant minerals of
the earth’s crust and other expensive raw materials in a
carbothermic process.
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed
company developing, in collaboration with industry leader
PyroGenesis (TSX-V: PYR) the innovative PUREVAPTM “Quartz Reduction
Reactors” (QRR), a truly 2.0 Carbothermic process (patent pending),
which will permit the transformation and purification of quartz
(SiO2) into Metallurgical Grade Silicon (Mg-Si) at prices that will
propagate its significant renewable energy potential.
HPQ is also working with industry leader Apollon
Solar to develop a metallurgical pathway of producing Solar Grade
Silicon Metal (SoG Si) that will take full advantage of the
PUREVAPTM QRR one-step production of high purity silicon (Si) and
significantly reduce the Capex and Opex associated with the
transformation of quartz (SiO2) into SoG-Si.
HPQ focus is becoming the lowest cost producer
of Silicon (Si), High Purity Silicon (Si) and Solar Grade Silicon
Metal (SoG-Si). The pilot plant equipment that will validate the
commercial potential of the process is on schedule to start in
2019.
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 the Company’s Roncevaux Quartz Project, Matapedia
Area, in the Gaspe Region, Province of Quebec.
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 securities
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
contactBernard J. Tourillon, Chairman, President and CEO
Tel (514) 907-1011 Patrick Levasseur, Vice-President and COO Tel:
(514) 262-9239 http://www.hpqsilicon.com Email:
Info@hpqsilicon.com
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