PyroGenesis’ Gen3 PUREVAP™ QRR Pilot Plant is Installed, Commissioned, Powered up, and Moves to Operational Testing for HPQ Silicon Inc.
October 06 2022 - 1:00PM
PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR)
(NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred
to as the “Company” or “PyroGenesis”), that designs, develops,
manufactures and commercializes advanced plasma processes and
sustainable solutions to reduce greenhouse gases (GHG) and address
environmental pollutants, is pleased to confirm, that further to
HPQ Silicon Inc’s (“HPQ” or the “Client”) press release of earlier
today, the Gen3 PUREVAP™ Quartz Reduction Reactor (QRR) pilot plant
(the “Gen3 PUREVAP™ Pilot Plant” or the “Pilot Plant”) has
completed the month-long power-up process and is initiating its
ground-breaking one-step transformation of quartz into high purity
silicon, for the testing phase.
The GEN3 PUREVAP™ QRR pilot plant, the first
state-of-the-art prototype of its kind, includes multiple systems
that must operate under harsh conditions, at extremely high
temperatures and under vacuum. It has now entered a test phase,
which consists of a series of optimization and repeatability tests,
with the ultimate goal of transforming quartz into high purity
silicon.
“Completing the power-up and initiating
operational testing of the pilot plant represents a major milestone
in our relationship with HPQ and demonstrates our commitment to
advancing the PUREVAP™ project while also underscoring our ability
and dedication to bring real-world concepts from the lab to
commercialization,” said Mr. P. Peter Pascali, CEO and Chair of
PyroGenesis. “Recent market events have drawn attention to
the fact that silicon (Si), is one of the key strategic energy
metals needed to achieve the goal of decarbonizing the economy by
2050. We could not be more proud to be a part of, and play an
important role in, the development of GHG reduction technology. We
firmly believe that the PUREVAP™ process will prove to be a game
changer, and an enabling technology. "
The PUREVAP™ process is an innovative process
that will enable the one-step conversion of quartz (SiO2) into
high-purity silicon (Si) at reduced costs, energy input and carbon
footprint that will propagate its considerable renewable energy
potential. As part of the terms of the contract with HPQ,
PyroGenesis benefits from a royalty payment representing 10% of the
Client’s sales, with set minimums.
About HPQ Silicon HPQ Silicon
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, 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.
-
Through its 100% owned subsidiary, HPQ NANO Silicon Powders Inc.,
the PUREVAP™ 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 of different sizes and
nanowires.
-
Through its second 100% owned subsidiary, HPQ Silica POLVERE Inc.,
HPQ is developing a new plasma-based process that will allows a
direct Quartz to Fumed silica transformation, removing the usage of
hazardous chemical in the making of Fumed silica and eliminating
the Hydrogen Chloride Gas (HCI) associated with its
manufacturing.
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 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.
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 Corporation'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 Corporation with respect to future events and are
subject to certain risks and uncertainties and other risks detailed
from time-to-time in the Corporation's ongoing filings with the
securities regulatory authorities, which filings can be found at
www.sedar.com, or at www.sec.gov. Actual results, events, and
performance may differ materially. Readers are cautioned not to
place undue reliance on these forward-looking statements. The
Corporation 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 Toronto Stock Exchange, its
Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) nor the NASDAQ Stock
Market, LLC accepts responsibility for the adequacy or accuracy of
this press release.
SOURCE PyroGenesis Canada Inc.
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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