HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQB: HPQFF) (FRA: O08), a technology company
specializing in green engineering processes for silica and silicon
material manufacturing, is strategically positioned to become a
vital supplier of engineered SiOx materials for battery anodes as
the US and Canadian governments use policy and other financial
incentives to actively engage in creating homegrown battery
manufacturing ecosystems.
HPQ is intensifying its efforts to produce 3N+ Silicon feedstock
for use in manufacturing its engineered SiOx battery material. The
company will achieve this by capitalizing on its innovative
technologies and strategic partnerships to help address the growing
need for high-quality, locally sourced materials in the burgeoning
North American battery and clean energy sector.
THE NEED FOR LOCALLY MANUFACTURED ENGINEERED SIOX
BATTERY MATERIAL
The battery technology and electric vehicle manufacturing
industries are rapidly growing, and HPQ understands the crucial
role that engineered SiOx battery materials play in these
industries.
Currently, the industry relies on almost 100 sources, all of
which are based outside North America, to meet its SiOx
requirements. This reliance on foreign supply chains not only
jeopardizes the stability and reliability of supply but also
exposes North America to the whims of global market dynamics and
geopolitical upheavals.
Such dependence heightens the risk of supply chain disruptions
in the region, making it increasingly susceptible to the volatile
nature of international markets and shifting geopolitical
landscapes.
"As indicated in our recent MOU with Ecellix (November 28, 2023,
release), we are committed to deploying our technologies in North
America to enhance the resilience of potential client supply chains
and reduce dependence on foreign sources," stated Mr. Bernard
Tourillon, President and CEO of HPQ Silicon Inc and CEO of Novacium
SAS. "The recent U.S. government regulations limiting non-regional
content for EV tax credits [1] further validate the strength of our
approach."
MEETING THE GROWING DEMAND FOR BATTERY
MATERIALS
HPQ recognizes that engineered SiOx materials for battery anodes
is a key component in the electric vehicle industry and is
committed to becoming a much-needed local source of this material
to strengthen energy security and reinforce North America's
position in the rapidly expanding electric vehicle and clean energy
sectors.
The company intends to use its proprietary technologies and
those of its associated company, Novacium SAS, to meet the growing
demand for engineered SiOx-based battery anode materials, aiming to
enhance the performance of battery technologies.
“Beyond its strategic significance, HPQ's pursuit of becoming a
domestic engineered SiOx supplier aligns seamlessly with its
broader environmental objectives,” added Mr. TOURILLON. “Engineered
SiOx-based battery anode materials are pivotal in crafting
high-performance, environmentally friendly batteries, a cornerstone
of the effort to curtail carbon emissions and combat climate
change.”
The new U.S. regulations, which establish a 25% ownership
threshold for foreign entities of concern (FEOCs), have created a
pressing demand for domestic suppliers of battery materials. HPQ is
well-positioned to meet this demand and supply American companies
with SiOx materials essential for the electric vehicle industry
[1].
“By fostering a resilient SiOx supply chain, HPQ is contributing
to regional innovation and economic growth and paving the way for a
sustainable, eco-conscious future for North America and the global
electric vehicle industry,” continued Mr. Tourillon.
REFERENCE SOURCES
[1] December 1, 2023, Bloomberg
article, “US Sets Limits on Chinese Content to Receive EV Tax
Credits”
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. 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
four (4) pillars:
- Becoming a green low-cost (Capex and Opex) manufacturer of
Fumed Silica using the FUMED SILICA REACTOR, a
proprietary technology owned by HPQ being developed for HPQ by
PyroGenesis.
- Becoming a zero CO2 low-cost (Capex and Opex) producer of High
Purity Silicon (2N+ to 4N) using our
PUREVAPTM “Quartz
Reduction Reactors” (QRR), a proprietary technology owned
by HPQ being developed for HPQ by PyroGenesis.
- Becoming a producer of silicon-based anode materials for
battery applications with the assistance of NOVACIUM SAS.
- HPQ SILICON affiliate NOVACIUM SAS is developing a low carbon,
chemical base on demand and high-pressure autonomous hydrogen
production system.
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
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