Signature of a Three-Party MOU on the Commercialization of Novacium's Hydrogen Production System
September 26 2023 - 7:30AM
HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQB: HPQFF) (FRA: O08), a technology company
specializing in green engineering of silica and silicon-based
materials is pleased to announce that HPQ and its Lyon-based
affiliate, Novacium SAS, have signed a three-party memorandum of
understanding (MOU) with LN INNOV’ SAS of Toulouse, France.
LN INNOV’ is a French networking company with a
strong presence in various sectors, including Defense.
Leveraging its extensive network, LN INNOV' aims
to streamline access to innovative energy projects like the one
presented by Novacium and HPQ. Their goal is to connect key
industry stakeholders and expedite the transition of innovative
projects from the research and development phase to
commercialization.
"France has set the goal of becoming the world
leader in green hydrogen, considered an energy carrier that will
play a key role in achieving carbon neutrality by 2050. Novacium's
new hydrogen production system will help meet these objectives,”
said Mrs. Nathalie MAZEAU, LN INNOV' CEO. “With its experience in
autonomous energy systems, LN INNOV' wishes to democratize this
technology through its simplified use and logistics, essential
markers for its success.”
The goal of this three-party agreement is to
harness LN INNOV's expertise and introduce Novacium's new,
environmentally friendly high-pressure hydrogen production system
via hydrolysis (as detailed in the September 7, 2023, press
release) to French defense industry companies.
NOVACIUM TO PRESENT ITS HYDROGEN
SOLUTION TO A GROUP OF FRENCH INDUSTRIALS
LN INNOV' has already arranged for Novacium to
be invited to present its innovative hydrogen solution at the next
Energy Working Group (EWG) meeting of the “Groupement des
Industries Françaises de Défense et de Sécurité Terrestre et
Aéroterrestre” (GICAT), scheduled for the last week of September
2023.
“Novacium's hydrogen production system stands
out for its capacity to re-imagine hydrogen production, simplifying
it while ensuring safety and minimizing transportation
requirements,” said Mr. Bernard Tourillon, President and CEO of
NOVACIUM SAS and HPQ Silicon Inc. “This innovation holds
significant promise for hydrogen's role as a clean and secure
energy source in diverse industrial and military applications.
Being invited to present our solution to such a grouping represents
a significant opportunity, which we hope will open the doors to
important future collaborations with manufacturers."
The MOU, signed on May 15, 2023, designates LN INNOV’ as the
exclusive French representative for a 1kW version of the hydrogen
system.
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 providers 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: |
|
1) |
|
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. |
|
2) |
|
Becoming a producer of
silicon-based anode materials for battery applications with the
assistance of NOVACIUM SAS. |
|
3) |
|
Becoming a green low-cost (Capex
and Opex) producer of Fumed Silica using our proprietary
FUMED SILICA REACTOR being developed by
PyroGenesis. |
|
4) |
|
HPQ SILICON affiliate NOVACIUM
SAS is developing a low carbon, chemical base on demand and
high-pressure autonomous hydrogen production system. |
|
5) |
|
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
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