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 technology provider PyroGenesis Canada Inc.
(TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), has started the
final GEN3 PUREVAPTM Quartz Reduction Reactor (QRR)
high-temperature dynamic test.
This is the last assessment step, after which
feedstock will be fed into the system, so that process improvement
tests can begin. The seventy-two (72) hours non-stop duration test
began on Tuesday, October 25, 2022.
ADVANCING ON SCHEDULE IMPLEMENTING A
CAUTIOUS APPROACH TO QRR PILOT PLANT STARTThe GEN3
PUREVAPTM QRR Pilot (the “Pilot Plant”) is a first-of-its-kind,
state-of-the-art prototype that operates under harsh conditions
such as extremely high temperatures (> 2,000 C) and under
vacuum.
The ongoing high-temperature dynamic blank test
( 1,850 C) aims to confirm that all the Pilot Plant compounds can
operate within key design parameters. After the dynamic blank test,
the Pilot Plant will be cooled down to allow the completion of a
visual inspection of all important components of the reactor. Once
the inspection is completed, the Pilot Plant will be ready to
receive feedstock material.
The Pilot Plant is in the final pre-production
testing phase, which includes four (4) process improvement tests.
For each test, the system will be ramped up to full design
parameters, it will be used to produce Silicon materials, allowed
to cool, and then inspected to collect wear and tear data. It will
then be prepared for the next series of tests after all systems
pass inspection.
The goal of the QRR Pilot plant program is to
operate the system 24/7 for the time required to collect all the
information necessary to advance to the next phase, building
commercial sized GEN4 PUREVAPTM QRR systems. During this phase, the
system will produce High Purity Silicon material on a semi
continuous mode, and HPQ will be sending out samples to potential
buyers.
"Silicon manufacturing still relies on the same
expensive, high carbon emissions and energy intensive conventional
process developed back in the 1890s. With our shareholders'
support, the time when HPQ disrupts this status quo is almost here.
Getting the project this far has been a technical and financial
challenge, but seeing the machine turned on, made all the effort
worthwhile," said Mr. Bernard Tourillon, President and CEO of HPQ
Silicon Inc. “HPQ is the only company bringing 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 PUREVAPTM 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 PUREVAPTM “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 PUREVAPTM 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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