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 inform
shareholders that a significant milestone has been reached in the
ongoing GEN3 PUREVAP™ Quartz Reduction Reactor (QRR) Pilot
Plant testing program.
REACTOR HAS BEEN POWERED UP
Technology provider PyroGenesis Canada Inc. (TSX: PYR)
(NASDAQ: PYR) (FRA: 8PY) has informed HPQ that the GEN3
PUREVAP™(QRR) Pilot Plant has been successfully powered up.
HPQ GEN3
PUREVAP™ QRR PILOT
PLANT R&D TESTING MOVING FORWARDThe GEN3
PUREVAP™ QRR Pilot plant is a first-of-its-kind, state of the
art prototype comprised of multiple systems that must operate under
harsh conditions, extremely high temperatures and under vacuum.
During upcoming two weeks, the system will be tested under real
operational conditions. Once PYR is satisfied that the pilot plant
is operating within expected parameters, materials will be
introduced in the hot reactor and the first process improvement
tests will have started.
Once the four (4) process improvement tests
completed, the GEN3 QRR will be operated for a few months, on a
continuously, non-stop production mode.
As with all R&D projects, particularly with
new process technology, timelines are subject to change. Yet, with
process improvement tests about to start, HPQ is very close to
producing silicon material and commencing:
- Using the Si produced for
downstream testing and production of HPQ high-value-add
products,
- Providing samples to potential
off-takers to allow for product customization,
- Working with Novacium to develop
new innovative silicon base applications, and
- Planning the deployment of
commercial – scale production systems (PUREVAP™ QRR 4.0) capable of
producing 2,500 tonnes per year of high purity silicon
material.
“Starting up the reactor, on this
“first-of-its-kind, state-of-the-art prototype,” is finally upon
us. We are one step closer to reaching our goal of disrupting
Silicon manufacturing; an industry that still relies on a
conventional process developed back in the 1890s. Following our
methodical approach, we are on the right path to validate our
disruptive potential,” said Mr. Bernard Tourillon, President and
CEO of HPQ Silicon Inc. “HPQ is the only company that will bring 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 its PUREVAP™ QRR patented
process.”
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.
With PyroGenesis Canada Inc.(TSX: PYR)
(NASDAQ: PYR), HPQ is developing:
-
the PUREVAP™ “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 PUREVAP™ 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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