HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQX: HPQFF) (FRA: O08), an innovative silicon
solutions and technology development company, would like to inform
shareholders of a significant milestone achieved in the ongoing
PUREVAPTM Pilot Plant testing process, as reported in our August
10, 2022 release. Technology provider PyroGenesis Canada Inc.
(TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) has completed
the GEN3 PUREVAPTM Quartz Reduction Reactor (QRR) Pilot Plant
system integration validation phase. This first phase is a key
milestone of the research and development program.
HPQ GEN3
PUREVAPTM QRR
PILOT PLANT R&D TESTING PROGRAM ADVANCING ON
SCHEDULE The GEN3 PUREVAPTM QRR Pilot plant is a
first-of-its-kind, state of the art prototype comprised of multiple
systems that must operate under harsh conditions, extremely high
temperatures and under vacuum. With the systems integration now
completed, the next milestones in PyroGenesis’ meticulous approach
are:
a) Reactor start-up, a duration of about one (1)
month will be allocated to this phase,b) Four (4)
process improvement tests, a duration of about two (2) months will
be allocated to this phase, and c) Operating the
GEN3 QRR continuously, with non-stop production, during the
remaining time.
As with all R&D projects, particularly with
new process technology, the timeline is subject to change.
PyroGenesis is confident that the program will allow HPQ to
validate and quantify the previously completed GEN1 and GEN2
PUREVAPTM QRR testing phase results:
- Produce Silicon (Si) material of
higher purity than any traditional processes, in a single
step1,
- That it can do so from raw material
sources without the need for extremely pure feedstock as required
by conventional processes2,
- That it only requires 4.5 MT of raw
material to make 1 MT of Silicon versus the 6 MT required by
conventional processes2, a 25% reduction,
- That it can do so at a lower cost
advantage versus all traditional Silicon producers2.
Furthermore, once process improvement tests
start (see point b above), HPQ will commence:
- Using the Si produced for
downstream testing and production of HPQ high-value-add
products,
- Providing samples to potential
off-takers to allow for product customization,
- Planning the deployment of
commercial – scale production systems (PUREVAP™ QRR 4.0) capable of
producing 2,500 tonnes per year of high purity silicon
material.
“Some investors will question our need to
allocate about a month to the PUREVAPTM GEN3 QRR pilot plant
reactor startup, but they need to realize that the GEN3 is a
scaled-up version of our GEN1 and GEN2 test platforms by a factor
of about 200 (X). Starting up the reactor, on this
“first-of-its-kind, state-of-the-art prototype,” requires more
steps than just flipping on a switch. Our goal is to disrupt
Silicon manufacturing; an industry that still relies on a
conventional process developed back in the 1890s. Following our
methodical approach, we are on the right path to validate our
disruptive potential,” said Mr. Bernard Tourillon, President and
CEO of HPQ Silicon Inc. “HPQ is the only company that will bring to
market a new process for manufacturing Silicon that is perfectly
suited to the new demands and realities of today’s Silicon market.
With ESG principles playing an active role in materials sourcing
and with recent geopolitical unrest emphasizing the need for stable
trade partners and supply security, global corporations are
becoming more aware of the difficulties in securing the
ESG-compliant Silicon needed to meet their renewable energy agenda.
The reality of chronic underinvestment in new technologies combined
with the offshoring of Silicon production capacity, is creating
massive opportunities for HPQ and its PUREVAPTM QRR patented
process.”
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 sustainable solutions which reduce greenhouse
gases (GHG) and are economically attractive alternatives to
conventional “dirty” processes. PyroGenesis has created
proprietary, patented, and advanced plasma technologies that are
being vetted and adopted by multiple multibillion dollar industry
leaders in three massive markets: iron ore pelletization, aluminum,
waste management, and additive manufacturing. With a team of
experienced engineers, scientists and technicians working out of
its Montreal office, and its 3,800 m2 and 2,940 m2 R&D and
manufacturing facilities, PyroGenesis maintains its competitive
advantage by remaining at the forefront of technology development
and commercialization. The operations are ISO 9001:2015 and
AS9100D certified, having been ISO certified since 1997. For more
information, please visit: www.pyrogenesis.com
About HPQ Silicon HPQ Silicon
Inc. (TSX-V: HPQ), is a Quebec-based innovative silicon
solutions company that offers silica (SiO2) and silicon (Si) based
solutions and is developing a unique portfolio of high value-added
silicon (Si) products sought after by battery and electric vehicle
manufacturers, among other industries. On July 21, 2022, HPQ
started trading as a Tier 1 Industrial Issuer on the TSX Venture
Exchange.
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”). However, silicon 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.
With PyroGenesis Canada Inc.(TSX: PYR)
(NASDAQ: PYR), HPQ is developing:
-
the PUREVAPTM “Quartz
Reduction Reactors” (QRR), an innovative process (patent
granted in the United States and pending in other jurisdictions),
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.
-
Through its 100% owned subsidiary, HPQ NANO Silicon Powders Inc.,
the PUREVAPTM Nano
Silicon Reactor (NSiR) is a new
proprietary process that can use material produced by the QRR as
feedstock, to make a wide range of nano/micro spherical powders and
nanowires of different sizes.
-
Through its second 100% owned subsidiary, HPQ Silica POLVERE Inc.,
HPQ is developing a new plasma-based process that allows a direct
Quartz to Fumed silica transformation, removing the usage of
hazardous chemicals in the making of Fumed silica and eliminating
the Hydrogen Chloride Gas (HCI) associated with its
manufacturing.
HPQ is also a technology development company
interested in developing hydrogen-based ventures, that could be
complementary to the QRR efforts. Currently, HPQ is evaluating two
different approaches to reach this goal, those being:
-
Working with Swiss based company EBH2 Systems SAS on their
proprietary process to manufacture Green Hydrogen via electrolysis,
and
-
Developing HPQ’s own processes of making hydrogen via hydrolysis of
nanosilicon materials made by our PUREVAPTM (NSiR).
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)
907-1011Patrick Levasseur, Special Advisor to the CEO Tel: +1 (514)
262-9239Email: Info@hpqsilicon.com
1(HPQ February 26, 2019)2(HPQ June 17th, 2019)
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