PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR)
(NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred
to as the “Company” or “PyroGenesis”), that designs, develops,
manufactures and commercializes advanced plasma processes and
sustainable solutions to reduce greenhouse gases (GHG) and address
environmental pollutants, is pleased to confirm, that, further to
HPQ Silicon Resources Inc’s (“HPQ” or the “Client”) press release
of earlier today, and further to the Company’s news release on
October 6, 2022, the Company has successfully completed the
high-temperature operational testing phase of the Gen3 PUREVAP™
Quartz Reduction Reactor (QRR) pilot plant (the “ Gen3 PUREVAP ™
Pilot Plant” or the “Pilot Plant”).
The GEN3 PUREVAP™ QRR pilot plant, the first
state-of-the-art prototype of its kind, includes multiple systems
that must operate at extremely high temperatures, under vacuum, and
under harsh conditions.
An operational test phase, which consisted of a
series of optimization and repeatability tests of the production
process, were conducted over the past several weeks. Specifically,
the system was operated at increasingly higher temperatures (>
2000 ºC), with each test examining the impact on a carbon liner
substance within the reactor. In simple terms, if during the test
the carbon liner substance was combusted and eliminated, a faulty
test had occurred, as the system was not maintaining vacuum – due
to oxygen entering the internal atmosphere and causing a “burn” of
the material – or the various reactor components were not
functioning correctly. However, if the carbon liner substance
remained intact after testing, despite the ultra-high temperatures,
the internal atmosphere was correct, the vacuum maintained, and the
reactor performed as desired. The Company is pleased to announce
that the carbon liner substance remained intact, signifying that
the system performed beyond expectations. This test included a
final continuous operational period of 72 hours at high power.
Based on these results, reactants can now be
introduced into the pilot plant for the purpose of creating high
purity silicon test & sample batches for distribution to
potential buyers.
“Advancing the PUREVAP™ project to this stage
has been one of the great achievements of the Company. From initial
idea to lab tests, to design and build, and now with the successful
operational testing of the pilot plant, our efforts to introduce
plasma technology to the high-purity silicon industry is yet
another example of how we are putting our scientific and
engineering expertise to use in solving some of heavy industry’s
most pressing issues,” said Mr. P. Peter Pascali, CEO and Chair of
PyroGenesis. “As we have stated before, we firmly believe that the
PUREVAP™ process will prove to be a game changer in the production
of a metal as strategically important to future energy goals as
silicon. We are proud to be on this journey together with HPQ.”
The PUREVAP™ process is an innovative process
that will enable the one-step conversion of quartz (SiO2) into
high-purity silicon (Si) at reduced costs, energy input and carbon
footprint that will propagate its considerable renewable energy
potential. As part of the terms of the contract with HPQ,
PyroGenesis benefits from a royalty payment representing 10% of the
Client’s sales, with set minimums.
About HPQ Silicon
HPQ Silicon Inc. (TSX-V: HPQ) is
a Quebec-based innovative silicon solutions company that offers
innovative silica (SiO2), 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.
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 PUREVAP™ “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.
- Through its 100% owned subsidiary, HPQ NANO Silicon Powders
Inc., the PUREVAP™ 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 of different sizes and
nanowires.
- Through its second 100% owned subsidiary, HPQ Silica POLVERE
Inc., HPQ is developing a new plasma-based process that will allows
a direct Quartz to Fumed silica transformation, removing the usage
of hazardous chemical in the making of Fumed silica and eliminating
the Hydrogen Chloride Gas (HCI) associated with its
manufacturing.
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 four 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 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.
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 securities
regulatory authorities, which filings can be found at
www.sedar.com, or at www.sec.gov. 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 Toronto Stock Exchange, its Regulation
Services Provider (as that term is defined in the policies of the
Toronto Stock Exchange) nor the NASDAQ Stock Market, LLC accepts
responsibility for the adequacy or accuracy of this press
release.
SOURCE PyroGenesis Canada Inc.
For further information please contact: Rodayna
Kafal, Vice President, IR/Comms. and Strategic BD Phone: (514)
937-0002, E-mail: ir@pyrogenesis.com RELATED LINK:
http://www.pyrogenesis.com/
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7ac455a9-15f9-47ff-b869-2808afc87b30https://www.globenewswire.com/NewsRoom/AttachmentNg/f7a2ece2-c84e-43fb-aeaa-ff1fb32c9c0a
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