HPQ NANO Receives Request for Spherical Nano Silicon Material From Major Automobile Manufacturer; First Pre-Order Expected So...
30 September 2020 - 10:01PM
HPQ Silicon Resources Inc. ( “HPQ” or the “Company” )TSX-V: HPQ
; FWB: UGE; Other OTC : URAGF;
is pleased to announce today that its 100% owned subsidiary, HPQ
Nano Silicon Powders inc (“HPQ NANO”), has received a request for
Spherical Nano Silicon powders to be produced by the
PUREVAP™ Nano Silicon Reactor (“NSiR”) from a major automobile
manufacturer which, when concluded, will represent the first order
for these powders. The manufacturer is well aware that HPQ NANO
will only fulfill this first order in December 2020 and, as such,
this pre-order is simply a way for them to guarantee to be first in
queue for this material. The automobile manufacture’s name shall
remain anonymous for competitive and confidential reasons.
“This is indeed significant news. Although we do
not expect this initial order to be a big order it does validate
our strategic decision to enter this space,” said Bernard
Tourillon, President & CEO of HPQ Silicon and HPQ NANO. “To
have piqued the interest of a major industrial player so early on,
and to the point where they will pay for product before production
just to secure a position, speaks volumes about where we are and
what we are doing. We are extremely proud as a Company to be at
this table at this unique time. However, I must caution investors
that although this pre-order signals interest in our unique
products, we are still at the very preliminary stages and there is
no guarantee that anything of commercial value will materialize
from these efforts. It does however demonstrate the potential for
new and exciting advances by HPQ NANO in the silicon battery
space.”
“We could not have wished for more so quickly,”
said P. Peter Pascali CEO and Chairman of PyroGenesis Canada
Inc. “To receive this type of validation mere weeks after
signing a Development Agreement with HPQ Silicon, and mere days
after a major Battery Conference, which highlighted the importance
of such products, is astounding. We are excited to see HPQ NANO
effectively taking pre-orders from giants in the industry who,
based on our experience, are not in the habit of wasting their
time. Once again congratulations to Bernard, his team, and his
Board.”
About Silicon
Silicon (Si), also known as silicon metal, is
one of today’s strategic materials needed to fulfil the Renewable
Energy Revolution (“RER”) and the decarbonization of the economy
presently under way. Silicon does not exist in its pure state; it
must be extracted from quartz (SiO2), in what has historically been
a capital and energy intensive process.
About HPQ Silicon
HPQ Silicon Resources Inc. (TSX-V: HPQ) is
a Canadian producer of Innovative Silicon Solutions, based in
Montreal, building a portfolio of unique high value specialty
silicon products needed for the coming RER.
Working with PyroGenesis Canada Inc. (TSX-V:
PYR), a high-tech company that designs, develops, manufactures and
commercializes plasma - based processes, HPQ is developing:
-
The PUREVAP™ “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;° HPQ believes it will become the
lowest cost (Capex and Opex) producer of silicon (Si) and high
purity silicon metal (3N – 4N Si);
-
The PUREVAP™ Nano Silicon
Reactor (NSiR), a new
proprietary process that can use different purities of silicon (Si)
as feedstock, to make spherical silicon nanopowders and nanowires;°
HPQ believes it can also become the lowest cost manufacturer of
spherical Si nanopowders and silicon-based composites needed by
manufacturers of next-generation lithium-ion
batteries;° During the coming months, spherical Si nanopowders
and nanowires silicon-based composite samples requested by industry
participants and research institutions’ will be produced using
PUREVAP™ SiNR.
HPQ is also working with industry leader Apollon
Solar of France to:
-
Use their patented process and develop a capability to produce
commercially porous silicon (Si) wafers and porous silicon (Si)
powders;° The collaboration will allow HPQ to become the lowest
cost producer of porous silicon wafers for all-solid -state
batteries and porous silicon powders for Li-ion
batteries;° Develop the hydrogen generation potential of
Silicon nanopowders for usage with the
Gennao™ system;° Commercialize, exclusively in Canada,
and non-exclusive in the U.S.A., the Gennao™ H2 system and the
chemical powders required for the hydrolysis production of Hydrogen
("H2").
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.
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.
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
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