PyroGenesis Announces Acquisition of Intellectual Property Rights Related to the PUREVAPᵀᴹ Nano Silicon Reactor and Nano-Silicon Development
26 März 2024 - 12:00PM
PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX:
PYRGF) (FRA: 8PY), a high-tech company (the “Company” or
“PyroGenesis”) that designs, develops, manufactures and
commercializes advanced plasma processes and sustainable solutions
which are geared to reduce greenhouse gases (GHG) and address
environmental pollutants, today announces that, further to HPQ
Silicon Inc.’s (“HPQ Silicon”) press release dated November 17,
2023, indicating that HPQ Silicon would no longer be pursuing the
commercial development of the PUREVAPTM Nano Silicon Reactor (NSiR)
in order to focus on other initiatives, PyroGenesis has reacquired
the intellectual property rights to the NSiR technology on a
no-cost basis.
The PUREVAP™ NSiR is a proprietary process,
originally designed and developed by PyroGenesis on behalf of HPQ
Nano Silicon Powders Inc. (“HPQ Nano”), a wholly-owned subsidiary
of HPQ Silicon, that can use different purities of silicon (Si) as
feedstock to make a wide range of spherical silicon nano- and
micro-powders and wires, for potential use across various
applications including as a potential replacement metal in
lithium-ion batteries.
Under the terms of a 2020 Development and
Purchase Agreement between PyroGenesis and HPQ Nano, all rights in
the PUREVAP NSiR process (including any intellectual property
rights) were assigned to HPQ Nano on condition that should HPQ Nano
choose not to commercialize the technology, PyroGenesis would have
the option to have the ownership of this technology revert back to
it at no additional cost.
“Nano silicon is still in its infancy, and so is
the understanding of its usefulness. Reacquiring the intellectual
property related to the PUREVAP NSiR allows us to continue to
explore the full spectrum of possibilities for this metal,” said
Mr. P. Peter Pascali, President and CEO of PyroGenesis.
By reacquiring this technology, PyroGenesis will
also be reacquiring the rights to the invention entitled
“NANO-SILICON PARTICLES/WIRE PRODUCTION BY ARC FURNACE FOR
RECHARGEABLE BATTERIES”, which is subject to US and PCT patent
applications.
The Company’s development of technology to
produce nano-silicon is part of the Company’s three-tiered solution
ecosystem that aligns with economic drivers that are key to global
heavy industry. Nano-silicon production via the PUREVAP NSiR is
part of the Company’s Commodity Security & Optimization tier,
where the recovery of viable metals, and the optimization of
production to increase output, helps to maximize raw materials and
improve the availability of critical minerals.
About PyroGenesis Canada
Inc.
PyroGenesis Canada Inc., a high-tech company, is
a proud 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 four 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 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.
Cautionary and Forward-Looking
Statements
This press release contains “forward-looking
information” and “forward-looking statements” (collectively,
“forward-looking statements”) within the meaning of applicable
securities laws. In some cases, but not necessarily in all cases,
forward-looking statements can be identified by the use of
forward-looking terminology such as “plans”, “targets”, “expects”
or “does not expect”, “is expected”, “an opportunity exists”, “is
positioned”, “estimates”, “intends”, “assumes”, “anticipates” or
“does not anticipate” or “believes”, or variations of such words
and phrases or state that certain actions, events or results “may”,
“could”, “would”, “might”, “will” or “will be taken”, “occur” or
“be achieved”. In addition, any statements that refer to
expectations, projections or other characterizations of future
events or circumstances contain forward-looking statements.
Forward-looking statements are not historical facts, nor guarantees
or assurances of future performance but instead represent
management’s current beliefs, expectations, estimates and
projections regarding future events and operating performance.
Forward-looking statements are necessarily based
on a number of opinions, assumptions and estimates that, while
considered reasonable by the Company as of the date of this
release, are subject to inherent uncertainties, risks and changes
in circumstances that may differ materially from those contemplated
by the forward-looking statements. Important factors that could
cause actual results to differ, possibly materially, from those
indicated by the forward-looking statements include, but are not
limited to, the risk factors identified under “Risk Factors” in the
Company’s latest annual information form, and in other periodic
filings that the Company has made and may make in the future with
the securities commissions or similar regulatory authorities, all
of which are available under the Company’s profile on SEDAR+ at
www.sedarplus.ca, or at www.sec.gov. These factors are not intended
to represent a complete list of the factors that could affect the
Company. However, such risk factors should be considered carefully.
There can be no assurance that such estimates and assumptions will
prove to be correct. You should not place undue reliance on
forward-looking statements, which speak only as of the date of this
release. The Company undertakes no obligation to publicly update or
revise any forward-looking statement, except as required by
applicable securities laws.
Neither the Toronto Stock Exchange, its
Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) nor the OTCQX Best Market
accepts responsibility for the adequacy or accuracy of this press
release.
For further information please contact: Rodayna
Kafal, Vice President, IR/Comms. and Strategic BDPhone: (514)
937-0002, E-mail: ir@pyrogenesis.com RELATED LINK:
http://www.pyrogenesis.com/
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