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 announce a major milestone achieved by its
France-based affiliate, NOVACIUM SAS (“Novacium”). This
announcement covers more promising results produced during the
continuous charge-discharge cycle testing of ‘industry standard’
18650 industrial batteries, reaching another significant milestone
at the 100-cycle mark.
“We are learning a lot from these results at 100 cycles [1],
results that continue to surpass our initial theoretical
expectations of a 10% improvement in battery
performance,” stated Dr. Jed Kraiem Ph.D., COO of
Novacium. “These results are incredibly encouraging indicators
of the material's commercial viability in the battery manufacturing
sector and underscore our ability to produce a blend of graphite
and advanced engineered silicon anode material that significantly
enhances battery performance.”
MAINTAINING BATTERY CAPACITY IMPROVEMENT WITH MINIMAL
DEGRADATION AT 100 CYCLES
Analysis of the data in Figure 1, Left below demonstrates that
the three industrial-type batteries, which utilize Novacium's
custom-engineered silicon material blend, (blue lines), continue to
achieve impressive performance at the 100-cycle mark. These
batteries exhibit a high discharge capacity of approximately 3.11
Ampere-hours (Ah), surpassing the benchmark set by three comparison
batteries (red lines) which have a capacity of about 2.66 Ah. These
results mark another significant milestone after 100 cycles of
testing. These results, confirm and extend the approximate 14%
enhancement in full-battery capacity compared to 100% graphite
benchmark batteries, that was observed in the previous 5, 25 and 50
cycles testing.
Figure 1) left shows battery capacity
while Figure 1) right shows the capacity change during 100 cycles
tests of HPQ and Novacium Gen 1 18650
industrial battery [1].
Furthermore, the data in Figure 1, Right reveals that, at the
100 cycles test mark, the measurable cycle degradation between the
batteries made entirely of graphite (the red lines) and those
incorporating Novacium's custom-engineered silicon base material
blend (the blue lines) are in the same 1% to 2% ranges. Considering
Silicon's historic tendency to degrade due to expansion and
contraction during cycles, these results at 100 cycles are very
promising for the Novacium engineered silicon anodes material.
“The data generated during testing has provided the crucial
information needed to develop an enhanced second generation of
advanced silicon-based material, that we hope will allow us to
deliver even better results,” added Dr. Kraiem. “This material is
presently being utilized in the production of additional batches of
18650 batteries to be tested.”
OUR 18650 BATTERY VS OTHER COMMERCIAL 18650
BATTERIES
One way to gauge the impact of Novacium's advanced engineered
silicon anode material is by comparing its energy density with that
of top-performing 18650 commercial batteries. In Figure 2 below, we
present a side-by-side comparison, shedding light on the potential
of our silicon anode technology to enhance battery performance.
Figure 2) Energy density
of top-performing 18650 commercial batteries versus our
advanced engineered silicon anode material
blend.
The data indicates that our benchmark graphite battery performs
well, while our blend of 90/10 graphite and advanced engineered
silicon anode material ranks among the top six batteries on the
list. HPQ and Novacium note that these are initial tests in a
product that has not been optimized, suggesting there remains room
to improve upon this already impressive battery performance.
“I am profoundly encouraged by the results to
date,” expressed Mr. Bernard Tourillon, President and CEO of
HPQ Silicon Inc. and NOVACIUM SAS. “This achievement reflects our
ability to deliver a material that can improve the performances of
most batteries available in the market. However, I am even more
excited about the potential of our next generations of
materials.”
REFERENCE SOURCES
[1] |
Novacium technical team analysis of the data from the ongoing
charging and discharging cycle tests conducted at a world-leading
university, the name of which is kept confidential for competitive
reasons. |
|
|
About NOVACIUM SAS
Novacium is an HPQ - affiliated company started
in Q3 2022. This green technology startup is based in Lyon, France
and is a partnership with HPQ and three of France’s leading
research engineers, Dr. Jed KRAIEM PhD, Novacium's Chief Operating
Officer (“COO”), Dr. Oleksiy NICHIPORUK PhD, Novacium's Chief
Technical Officer (“CTO”), and Dr. Julien DEGOULANGE PhD,
Novacium’s Chief Innovation Officer (“CIO”). Novacium is a new
Research and Development company which allows the researchers to
develop their own technology in high added value fields connected
to renewable energy, and allows HPQ Silicon Inc, a Canadian
company, to expand the depth and reach of its technical team to
help 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 partners PyroGenesis Canada Inc. 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
four (4) pillars:
- 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.
- Becoming a producer of silicon-based anode materials for
battery applications with the assistance of NOVACIUM SAS.
- HPQ SILICON affiliate NOVACIUM SAS is developing a low carbon,
chemical base on demand and high-pressure autonomous hydrogen
production system.
- Becoming a zero CO2 low-cost (Capex and Opex) producer of High
Purity Silicon (2N+ to 4N) using our
PUREVAP™ “Quartz Reduction Reactors”
(QRR), a proprietary 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
Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/4e45d1d1-c821-41a7-96d0-736aed72eeb0https://www.globenewswire.com/NewsRoom/AttachmentNg/dbf84914-3f59-487e-8c45-633cdda12b79
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