HPQ Silicon Recruits Former Senior Executive From Major Global Silicon Metal Producer as Senior Consulting Engineer
July 20 2023 - 7:30AM
HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQB: HPQFF) (FRA: O08), a technology company
specializing in green engineering processes for silica and silicon
material production, is excited to announce the hiring of Dr.
Pascal RIVAT Ph.D. as Senior Consulting Engineer within its
technical team.
With 30 years of experience in the fields of metallurgy and the
industrial deployment of new applications and manufacturing
processes, Dr. RIVAT represents a major asset to HPQ as we prepare
to enter our next phase of development, focused on the commercial
deployment of our technologies.
With over two decades (20 years) of experience as the Head of
the "Innovative Applications" design office at a leading industrial
metallurgical equipment manufacturer, and an additional eleven
years (11 years) spent at one of the world's largest silicon
producers, including an eight-year (8-year) tenure as the Head of
the Silicon Research and Development Department within one of the
group's largest divisions, Dr. RIVAT significantly fortifies HPQ's
expertise in silicon manufacturing and valorization."
“The hiring of Dr. RIVAT as a Senior Consulting Engineer, given
his extensive qualifications and experience in metallurgy and
silicon, demonstrates the company's careful and strategic approach
to assembling a team that can effectively advance the
commercialization of our technologies", said Mr. Bernard Tourillon,
President and CEO of HPQ Silicon. "One of Dr. RIVAT's initial
responsibilities will be working with the Novacium team on HPQ's
battery strategy”.
IMPLEMENTATION OF HPQ'S BATTERY STRATEGY FOR
SILICON-BASED MATERIALS
Phase 1 in HPQ's ongoing battery strategy aims to provide
industry buyers with a silicon-based (Si) material for anodes that
meets their needs by the end of 2023. Simultaneously, HPQ plans to
commission its first production line, capable of manufacturing 200
tonnes per year of silicon-based (Si) materials for anodes, by the
end of 2024.
Once the first production line is operational, HPQ's next
medium-term objective is to align our silicon (Si) materials for
anodes production capacity with the PUREVAPTM Gen4 Quartz Reduction
Reactor (QRR) raw material production capacity, which is 2,500
tonnes per year (TPY) of high-purity silicon.
SILICON-BASED MATERIALS FOR LITHIUM
BATTERIES
A major trend in the lithium battery industry is
the introduction of small amounts (between 5% and 10%) of silicon
oxide (SiOx) into graphite composite electrodes. This is due to the
fact that pure graphite anodes have essentially achieved their
maximum performance in terms of energy density [1].
This new reality is driving a surge in demand
for silicon anode materials. As of 2023, this market is valued
between US$1.1 billion [2] and US$2.7 billion [3]. Its growth
prospects indicate a potential demand of 300,000 tons by 2030,
estimated at US$15 billion [4], according to one source, and US$
131.6 billion in 2033 according to another source [5].
Currently, depending on the final composition,
the potential selling price for silicon-based (Si) materials for
anodes ranges between US$30 per kg [6] and US$50 per kg [7]."
REFERENCE SOURCES |
[1] |
The Royal Society of Chemistry 2020 Sustainable Energy Fuels, 2020,
4, 5387–5416 |
[2] |
QY Research, SNE Research, Shinhan Securities / NBM June 2023 Deck
page 11 |
[3] |
The global silicon anode battery market is likely to be valued at
US$ 2.7 billion in 2023. From Future Market Insights Global and
Consulting Pvt. Ltd. |
[4] |
QY Research, SNE Research, Shinhan Securities / NBM June 2023 Deck
page 11 |
[5] |
According to Future Market Insights, the global silicon anode
battery market is Estimated to Reach US$ 131.6 Billion by
2033. |
[6] |
Information from supplier quotes received from GH Technologies
(adjusted to include freight and duties) |
[7] |
NMB July 10, 2023, press release |
|
|
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.(TSX: PYR) (NASDAQ: PYR) 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
five (5) pillars:
|
1) |
Becoming a green low-cost (Capex and Opex) producer of High Purity
Silicon (2N+ to 4N) using our proprietary
PUREVAPTM “Quartz
Reduction Reactors” (QRR) being developed by
PyroGenesis. |
|
2) |
Becoming North America’s first producer of micron size High Purity
Silicon (3N & 4N) powders with the assistance of NOVACIUM
SAS. |
|
3) |
Working to become the first producer of nano silicon materials from
High Purity Silicon chunks using our proprietary
PUREVAPTM Nano Silicon
Reactor (NSiR) being developed by
PyroGenesis. |
|
4) |
Becoming a green low-cost (Capex and Opex) producer of Fumed Silica
using our proprietary FUMED SILICA REACTOR being
developed by PyroGenesis. |
|
5) |
Developing a small and compact process for the on-demand production
of 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) 846-3271Patrick Levasseur, Director
Tel: +1 (514) 262-9239Email: Info@hpqsilicon.com
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