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 pleased to inform shareholders that its Lyon
based, affiliated company, NOVACIUM SAS (“Novacium”) has filed a
patent application for a low carbon footprint, chemical based,
on-demand and high-pressure autonomous hydrogen production system.
The new hydrogen production system uses a
chemical process to liberate hydrogen from specific low-cost,
low-carbon footprint, and non-hazardous alloys. Furthermore, the
hydrogen produced by the chemical process directly reaches
industry-standard pressure levels, typically ranging from 200 to
1,000 bars.
HARNESSING HYDROGEN POTENTIAL WHILE ELIMINATING LIMITING
FACTORS
Unlike traditional electrolysis-based hydrogen
production systems, Novacium's process operates without the need
for electricity, extensive storage, and complex transportation
infrastructure, offering a truly autonomous solution.
“This innovative approach aims to unlock the
hydrogen stored in water using eco-friendly and low-cost alloys,
providing an alternative, safe, and efficient means of hydrogen
production,” said Mr. Oleksiy NICHIPORUK PhD, Novacium's Chief
Technical Officer (“CTO”). “We believe this system has the power to
transform hydrogen's role as a clean energy source across various
industries.”
The dual-application process, designed for
military and civilian uses, addresses a potential client's need for
a low-carbon footprint, on-demand, high-pressure autonomous
hydrogen production system deployable anywhere globally, even under
off-grid conditions, with safety as a top priority.
PLANS TO DEVELOP A PROTOTYPE
SYSTEM
Novacium is currently engaged in discussions
aiming to secure grant financing, from two potential clients, to
cover 35% to 75% of the costs to deliver the first working
prototype of the system by the end of 2024.
Image #1 – Traditional hydrogen supply chain VS
Novacium autonomous hydrogen supply chain
“The uniqueness of Novacium's hydrogen
production system comes from the fact that its re-imagines how to
produce hydrogen simply and safely, reducing transportation needs,
and therefore holds the potential to have significant implications
for hydrogen's role as safe and clean energy on-site source in
various industrial applications,” said Mr. Bernard Tourillon,
President and CEO of NOVACIUM SAS and HPQ Silicon Inc.
HYDROGEN: MARKET AND LIMITING FACTOR
There is no doubt that hydrogen can play a significant role in
decarbonizing the economy due to its zero-emission characteristics
and high energy-to-weight ratio. However, as of 2021, less than 1
million tonnes (Mt) of hydrogen demand out of a total of 94 Mt came
from low-emission sources, with the rest produced from unabated
fossil fuels [1].
According to a Deloitte study, achieving net-zero greenhouse gas
emissions by 2050 will require the development of a clean hydrogen
market equivalent to 170 million tonnes (MtH2eq) by 2030, with
projections reaching nearly 600 MtH2eq by 2050 [2].
Despite the rapid growth in the pipeline of low-emission
hydrogen production projects, few of them are advancing to the
Financial Investment Decision (FID) stage. Most of these projects
rely on electrolysis or fossil fuel with Carbon Capture,
Utilization, and Storage (CCUS) for hydrogen production, which
doesn't fully address the multiple challenges hindering hydrogen
adoption [3].
“We are excited to announce the filing of this patent
application combined with the quick and high market interest in our
solution,” said Mr. Jed KRAIEM PhD, Novacium Chief Operating
Officer (“COO”). “It marks a crucial step in our commitment to
advancing sustainable and autonomous energy solutions.”
REFERENCE SOURCES
[1] INTERNATIONAL
ENERGY AGENCY, Global Hydrogen Review 2022, Executive Summary, Page
5.
[2] Deloitte’s 2023
global green hydrogen outlook, page 13
[3] INTERNATIONAL
ENERGY AGENCY, Global Hydrogen Review 2022, Executive Summary, Page
5.
About NOVACIUM SAS
Novacium is green technology startup based in
Lyon, France started in Q3 2022. It is the result of a partnership
between three of France’s leading research engineers, Mr. Jed
KRAIEM PhD, Novacium's Chief Operating Officer (“COO”), Mr. Oleksiy
NICHIPORUK PhD, Novacium's Chief Technical Officer (“CTO”), and Mr.
Julien DEGOULANGE PhD, Novacium’s Chief Innovation Officer (“CIO”),
who wanted to start a new Research and Development company to
develop their own technology in high added value fields connected
to renewable energy, and HPQ Silicon Inc, a Canadian company,
looking to expand the depth and reach of technical team in order to
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
five (5) pillars:
- Becoming a zero CO2 low-cost (Capex and Opex) producer of High
Purity Silicon (2N+ to 4N) using our proprietary
PUREVAPTM “Quartz
Reduction Reactors” (QRR) being developed for HPQ by
PyroGenesis.
- Becoming a producer of silicon-based anode materials for
battery applications with the assistance of NOVACIUM SAS.
- Becoming a green low-cost (Capex and Opex) producer of Fumed
Silica using our proprietary FUMED SILICA REACTOR
being developed by PyroGenesis.
- HPQ SILICON affiliate NOVACIUM SAS is
developing a low carbon, chemical base on demand and high-pressure
autonomous hydrogen production system.
- 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.
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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0eef9d80-66fa-461c-869a-be6295278801
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