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 and its affiliate Company based in Lyon, France, NOVACIUM
SAS ("Novacium") have signed a Memorandum of Understanding (“MOU”)
with U.S.-based silicon-dominant anode developer and manufacturer
Ecellix Inc.
Ecellix Inc. is a cleantech
company based in Seattle WA that has developed eCell™, an
ultra-high-capacity porous silicon-carbon anode material that
enables a new class of Li-ion batteries that offer significantly
higher energy density than today’s industry standard batteries. The
eCell technology presents an easy-to-scale solution that is
adaptable to a wide variety of battery formats, applications &
specifications. At scale, Ecellix is positioned to be the low-cost
market leader ($/kWH) in the expanding global advanced battery
anode material sector.
"This MOU marks a significant step for HPQ,”
said Mr. Bernard Tourillon, President and CEO of HPQ Silicon Inc.
and NOVACIUM SAS. “We are excited to have this opportunity to
partner with a cleantech sector leader like Ecelllix to explore how
we can integrate our innovative silicon technologies into Ecellix’s
vision to build a Gigafactory in the near future.”
“This MOU presents an incredible opportunity to progress
Ecellix’s mission of providing innovative and cost-effective clean
energy storage solutions,” said Jerry Schwartz, Founder and CEO of
Ecellix, Inc. “HPQ Silicon and NOVACIUM SAS are global leaders in
the renewable energy sector, and we look forward to partnering with
them to advance their innovative technologies.”
"Our goal is to position HPQ Silicon and Ecellix at the
forefront of the energy storage revolution by supplying
cutting-edge silicon base materials for next-generation batteries,”
added Mr. Tourillon and Mr. Schwartz. “This collaboration is a
significant step towards achieving this joint vision."
The signed MOU provides a framework and pathway for HPQ and
Novacium to become:
- Ecellix Silicon
Technology Partner producing the Silicon material needed for the
Ecellix battery manufacturing process, and
- The dedicated
Silicon material supplier deploying scalable manufacturing
facilities near Ecellix planned Gigafactory locations.
Over the coming months, HPQ and Novacium will be focusing
on:
- Manufacturing
material to ascertain its alignment with Ecellix requirements,
- Testing Ecellix
material's properties for potential enhancements using Novacium
patented “carbon layer surface treatment.”
“Through this process, we aim to enhance the quality and
efficiency of silicon anode material production, a key component in
battery manufacturing. This will play a vital role in meeting the
growing demand for energy storage solutions,” said Mr. Jed KRAIEM
PhD, Novacium Chief Operating Officer (“COO”).
“The world needs better batteries, and no one company will do
this on their own. It will take dedicated collaboration from
experts in numerous fields to bring this change. We’re thrilled to
enter this MOU that will bring together the materials expertise of
HPQ with our ground- breaking approach to silicon anodes,” said Dr.
Geoff Deane, Ecellix Chief Technology Officer (CTO).
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, COO,
Mr. Oleksiy NICHIPORUK PhD, CTO, and Mr. Julien DEGOULANGE PhD,
CIO, who founded Novacium as a new research and development company
focused on developing renewable energy technologies, including
partnering with HPQ Silicon Inc, a Canadian company, to develop new
silicon technologies and other renewable energy projects.
For more information, please visit the Novacium website.
About HPQ Silicon Inc.:
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
four (4) pillars:
|
1) |
Becoming a green low-cost (Capex and Opex) manufacturer of Fumed
Silica using the FUMED SILICA REACTOR, a
proprietary technology owned by HPQ being developed for HPQ by
PyroGenesis. |
|
2) |
Becoming a zero CO2 low-cost
(Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using
our PUREVAPTM “Quartz
Reduction Reactors” (QRR), a proprietary technology owned
by HPQ being developed for HPQ by PyroGenesis. |
|
3) |
Becoming a producer of
silicon-based anode materials for battery applications with the
assistance of NOVACIUM SAS. |
|
4) |
HPQ SILICON affiliate NOVACIUM
SAS is developing a low carbon, chemical base on demand and
high-pressure autonomous hydrogen production system. |
For more information, please visit HPQ Silicon
website.
About Ecellix, Inc.:
Ecellix, Inc. is a VC-backed
cleantech company based in Seattle WA that has developed an
high-capacity nano-porous silicon-carbon anode material called
eCellTM. Deployment of the eCellTM technology will enable a new
generation of enhanced range EVs and mobility applications and
extended use consumer devices, power tools and residential energy
storage. At scale, Ecellix is positioned to be the low-cost market
leader ($/kWH) in the expanding global advanced battery anode
material sector.
Ecellix eCell Advantage:
- Innovation:
Integration of eCell silicon anode materials as a replacement for
graphite will enables up to a 30% increase in cell energy capacity
or 30% a reduction in battery pack volume & weight.
- Performance:
Ecellix’s nano-porous silicon / carbon composite anode materials
combined with novel electrolyte offers unprecedented battery cycle
life, up to 150% that of alternative technologies
- Adaptable: Drop-in
replacement into established battery manufacturing tooling &
processes. Platform and application agnostic – can be implemented
in multiple form factors to suit partner/customer
requirements.
- Pricing: Targeting
price parity with today’s lower energy density graphite anodes with
opportunity for future reduction through simplified precursors and
processes
- Cost: At scale,
potential for cost reduction and simplified production
processes.
For more information, please visit the Ecellix website.
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) 846-3271 Patrick Levasseur,
Director Tel: +1 (514) 262-9239Email: Info@hpqsilicon.com
Ecellix Inc.For further information
contact:Jerry Schwartz, Chairman and CEO Tel +1 (206)
390-3750 Email: jerry.schwartz@ecellix.comBrian Screnar, VP
Operations Tel +1 (202) 489-4221 Email:
brian.screnar@ecellix.com
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