Innovative Silicon Solutions company HPQ Silicon Resources Inc.
(“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQX: HPQFF)
(FWB: UGE), is pleased to announce that HPQ, PyroGenesis
Canada Inc. (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), and
the Énergie Matériaux Télécommunications Centre (ETM) of the
Institut national de recherche scientifique (INRS) and the National
Research Council of Canada (NRC) have set up a research project
focused on the development of silicon (Si)-based materials as
active anode materials for Lithium-ion batteries ("Li-ion").
A HIGHLY QUALIFIED MULTIDISCIPLINARY
TEAM TO MEET THE CHALLENGEHPQ and PyroGenesis will be
responsible for the production of silicon materials from the
PUREVAPTM Quartz Reduction Reactor (QRR) and the PUREVAPTM Nano
Silicon Reactor (NSiR). The INRS-EMT will be responsible for the
characterization of the materials and the optimization of the
electrode formulations at laboratory scale.
SILICON, A PROMISING ANODE MATERIAL,
BUT… Despite intensive research efforts and significant
investments in silicon battery materials, current manufacturing
processes remain unscalable or even commercially unviable. This
explains why even though silicon (Si) is theoretically a superior
anode material for Li-ion batteries than graphite, it is currently
included in less than 5%1 of commercial battery anodes and its use
is limited to a few advanced Li-ion battery manufacturers. The NSiR
PUREVAPTM developed by PyroGenesis is a game-changer and solves the
scalability and commercial viability issues of silicon (Si) for the
Li-ion battery market.
THE PRESENCE OF SILICON AS AN ANODE
MATERIAL IN LI-ION BATTERIES WILL INCREASEAdvances made in
research on the use of silicon (Si) in Li-ion battery anodes
indicate that by 2030, up to 30% of the active anode materials for
Li-ion batteries used in electric vehicles could be silicon2. This
increase, combined with the expected exponential growth in demand
for electric vehicles, will create a very high demand for the
battery-grade silicon (Si) that HPQ and PyroGenesis are developing,
with an estimated market of over 200,000 MT per year by 2030.
“This research project, funded in large part by
government grants, will provide us with independent validation of
our silicon battery products, while providing us with us quick and
comprehensive feedback on the potential of our materials. Since we
will own the data we collect, it will be very useful when we
present our products to a multitude of potential buyers,” said
Bernard Tourillon, President and CEO HPQ Silicon. “HPQ’s Silicon
R&D Consortium has the depth and flexibility to meet the
challenges, as we strive to produce products for renewable energy
storage participants and electric vehicle manufacturers, each of
which is searching for cost-effective ways to increase the Silicon
content of their batteries.”
About the professor Lionel
ROUÉProfessor Lionel ROUÉ of INRS-EMT has developed a
scientific program focused on the study of new electrode materials
for various applications of industrial interest (batteries,
aluminum production...). In the last few years, an important part
of his research activities has been devoted to the study of Si
anodes for Li-ion batteries and to the development of in-situ
characterization methods applied to batteries. He is the author of
more than 150 publications, including about 20 papers and 2 patents
on Si anodes for Li-ion batteries. He received the Energia award
from the Association Québécoise pour la Maîtrise de l'Énergie for
his work in this field.
About the Énergie
Matériaux Télécommunications Research Centre (EMT)
and the Institut national de la recherche scientifique
(INRS)The Énergie Matériaux Télécommunications Centre
(EMT) of l’INRS is a centre of excellence in research, innovation
and graduate education in the fields of advanced materials,
nanotechnology, photonics, telecommunications and sustainable
energy. The EMT Centre brings together approximately 40
professors.
About PRIMA
QuébecThe advanced materials research and innovation hub
PRIMA Québec supports and facilitates the advanced materials
ecosystem and acts as an engine of innovation and growth in Quebec.
Through support and funding, it stimulates the competitiveness of
Quebec companies by helping them benefit from research expertise.
As a Sectoral Industrial Research Group (SIRG), PRIMA Québec relies
on financial support from both the Quebec government and the
private sector when promoting research-industry relations.
About the Natural
Sciences and Engineering Research Council of Canada
(NSERC)NSERC invests more than $1.2 billion
annually in research on the natural sciences and engineering in
Canada. With this funding, more than 11,000 world-class researchers
are making discoveries and scientific breakthroughs. It also
fosters partnerships and collaborations that bring discoverers and
users closer together. The research partnerships that NSERC enables
between researchers and companies help guide R&D and address
the challenges of moving from the lab to the marketplace. NSERC
also provides scholarships, fellowships and practical training
opportunities to more than 30,000 post-secondary students and
postdoctoral fellows. These young researchers are the next
generation of Canada's science and engineering leaders.
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 products. The Company provides its engineering
and manufacturing expertise and its turnkey process equipment
packages to customers in the defense, metallurgical, mining,
advanced materials (including 3D printing), and environmental
industries. 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 Company’s core
competencies allow PyroGenesis to provide innovative plasma
torches, plasma waste processes, high-temperature metallurgical
processes, and engineering services to the global marketplace.
PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified.
For more information, please visit www.pyrogenesis.com.
About HPQ Silicon ResourcesHPQ
Silicon Resources Inc. (TSX-V: HPQ) is a Quebec-based innovative
silicon solutions company that offers innovative silica (SiO2),
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.
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), a
high-tech company that designs, develops, manufactures and
commercializes plasma - based processes, HPQ is developing the
PUREVAPTM “Quartz Reduction Reactors” (QRR), an innovative process
(patent pending), 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
different purities of silicon (Si) as feedstock, to make a wide
range of nano/micro spherical powders of different sizes and
nanowires. For more information, please visit HPQ Silicon web
site.
Disclaimers:
The Corporation’s interest in developing the
PUREVAP™ QRR and any projected capital or operating cost savings
associated with its development should not be construed as being
related to the establishing the economic viability or technical
feasibility of any of the Company’s Quartz Projects.
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 on-going 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
For further information
contact:
Bernard J. Tourillon, Chairman, President and CEO, Tel: (514)
907-1011Patrick Levasseur, Vice-President and COO, Tel: (514)
262-9239http://www.hpqsilicon.com Email: Info@hpqsilicon.com
1 Source: Pallinghurst-Traxys battery analysis (Présentation
NOU)2 Source : Roskill
ProShares Ultra Consumer... (AMEX:UGE)
Historical Stock Chart
From Oct 2024 to Nov 2024
ProShares Ultra Consumer... (AMEX:UGE)
Historical Stock Chart
From Nov 2023 to Nov 2024