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 update
shareholders on an important milestone reached by the GEN3
PUREVAPTM Quartz Reduction Reactor (QRR) (“GEN3 QRR”) during the
first process improvement test (using the “Pilot Plant”).
Technology provider PyroGenesis Canada Inc.
(TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), has informed
HPQ that the first process improvement test produced Silicon (Si)
material. Thus, confirming that the GEN3 QRR can generate the
carbothermic reaction needed to produce Silicon.
"We are now in the ongoing process of continuous
improvements of the testing program,” said Mr. Bernard Tourillon,
President and CEO of HPQ Silicon Inc. “Our unique and proprietary
advanced technology prototype, the GEN3 QRR Pilot Plant, will
undergo multiple tests to repeat and, we expect, surpass the
results attained with the GEN2 QRR."
RIGOROUS TESTING
APPROACH CONTINUES TO DELIVER RESULTS AND
VALIDATE SCALABILITYThis first successful process
improvement test is the most significant of the program to date,
given that it was a 2,500 times scale-up from the GEN2 PUREVAPTM
QRR. During the test, quartz material was successfully converted
into Silicon (Si), a process that validates that the GEN3 QRR, like
its much smaller capacity predecessor, the GEN2 PUREVAPTM QRR, can
also produce Silicon (Si) material.
REACTOR BEING INSPECTED AND PREPARED FOR
NEXT PROCESS IMPROVEMENT TESTAll important components of
the Pilot Plant reactor are being inspected and critical wear and
tear data collected. Once the inspection is complete, and all
systems are given a “pass”, the Pilot Plant will then, again, be
prepared for the next series of tests.
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.
HPQ is the only company bringing 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 the
processes it is developing with PyroGenesis Canada
Inc.(TSX: PYR) (NASDAQ: PYR):
-
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 working with
Novacium developing processes for making hydrogen via hydrolysis of
silicon and other materials.
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
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