HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQX: HPQFF) (FRA: O08), a technology company engaged
in green engineering processes for producing silica and silicon
material, is pleased to provide shareholders with an update on the
progress of the Fumed Silica Reactor Pilot Plant ("Pilot Plant”)
project being developed by its 100% owned subsidiary, HPQ Silica
Polvere Inc. (“HPQ Polvere”). See below a list of Fumed Silica
market applications.
The Pilot Plant project being developed in partnership with
technology provider PyroGenesis Canada Inc. (TSX: PYR)
(NASDAQ: PYR) (FRA: 8PY) (“Pyrogenesis”) has reached its
first key milestone of completing engineering tasks related to the
design and fabrication of the Pilot Plant.
“We have achieved more than just completing the first
significant milestone of this project,” said Mr. Bernard Tourillon,
President and CEO of HPQ Silicon Inc. “This milestone demonstrates
great advancements with this project although it’s been flying
under the radar compared to our Gen3 QRR pilot plant project.”
With this milestone finalized, the project is moving onward
towards completing the following two (2) remaining phases:
-
Completing the fabrication, assembly, and installation of the Pilot
plant,
-
Milestone tentatively scheduled to be finished end of Q3 2023.
-
Pre-commissioning, commissioning, start-up, testing and process
optimization,
-
Tentatively scheduled to start in Q4 2023 and run until end of Q2
2024
Between Q3 2022 and Q1 2023, a series of twelve (12) of lab
scale tests were completed. These tests are important as they
provide useful information to:
-
Identify the production parameters which optimize the process and
fumed silica quality at a small scale and,
-
Evaluate the properties of the Fumed Silica powders produced at lab
scale and compare them with commercial grade material.
The lab test tests showed promising results by successfully
demonstrating a capacity to produce Hydrophilic Fumed Silica
comparable to commercial-grade materials.
Image 1) TEM images of fumed silica
nanoparticles, (a) HPQ Silica Polvere, (b) commercially available
material
A set of five tests, which could produce sample material for
clients, are set to be completed by the end of May 2023.
“With these final five (5) lab scale tests fast approaching, our
confidence that we will be able to produce commercial material with
the pilot plant grows as the team continues to focus on getting the
pilot plant ready to start producing goods; we are about to enter
the home stretch of this program and start the pilot plant,” added
Mr. Tourillon.
About Fumed Silica.
Fumed silica (Pyrogenic Silica) is a microscopic white powder
with high surface area and low bulk density. Its commercial
applications encompass various industries including personal care,
pharmaceuticals, agriculture (food & feed), adhesives,
sealants, construction, batteries and automotive to name a few.
According to MarketsandMarkets 2017 "fumed silica market – global
forecast to 2022”, demand for fumed silica is growing at 6% CAGR,
with an estimated global addressable of US $ 2.2 billion by
2022.
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 TSX Venture Exchange Tier 1 Industrial Issuer.
HPQ is developing, with the support of
world-class technology partners PyroGenesis Canada
Inc.(TSX: PYR) (NASDAQ: PYR) 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 green
low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to
4N) using our proprietary
PUREVAPTM “Quartz
Reduction Reactors” (QRR) being developed by
PyroGenesis.
2) Becoming North
America’s first producer of micron size High Purity Silicon (3N
& 4N) powders with the assistance of NOVACIUM SAS.
3) 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.
4) Becoming a green
low-cost (Capex and Opex) producer of Fumed Silica using our
proprietary FUMED SILICA REACTOR being developed
by PyroGenesis.
5) Developing a small
and compact process for the on-demand production of 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 +1-514-846-3271Patrick
Levasseur, Director Tel: +1-514-262-9239Email:
Info@hpqsilicon.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ae771a2b-c895-41e1-83e5-c0d08cf6952f
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