HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQB: HPQFF) (FRA: O08), a technology company
specializing in green engineering of silica and silicon-based
materials, is pleased to inform shareholders that its France-based
affiliate company NOVACIUM SAS ("Novacium") has been awarded a
French Tech Emergence Grant of
€ 90,000 (C$ 131,000).
The grant, administrated by the French Bank of Public
Investments (BPI), is part of the French Government’s strategy to
promote projects considered “deep tech” for startups like Novacium.
Novacium's project proposal to BPI concentrated on enhancing the
entire value chain of highly engineered SiOx-based anode materials
for batteries.
"Novacium's recognition by BPI as an innovative project with
significant industrial impact underscores the value of our work,"
said Mr. Jed Kraiem PhD, COO of Novacium. "With the upcoming
results from our ongoing engineered SiOx battery tests, we plan to
seek more BPI deep tech financing, potentially up to €2 million, to
advance our project to a pre-commercial stage."
BPI approved the grant following a rigorous selection process
which involves having its sector experts validate the Novacium's
deep-tech characteristics and the project's innovativeness combined
with its industrial impact in France and worldwide.
“We are thrilled with Novacium's recent achievement and the BPI
grant,” said Mr. Bernard Tourillon, President and CEO of HPQ
Silicon Inc. and NOVACIUM SAS. “It further confirms that the need
for engineered SiOx-based anode materials is a global necessity and
highlights the Novacium/HPQ collaborative efforts in advancing
cutting-edge silicon-based battery technologies.”
ENGINEERED SiOx BASED ANODE MATERIALS MARKET IS
EXPANDING
A major trend in the lithium battery industry is
the introduction of small amounts (between 5% and 10%) of silicon
oxide (SiOx) based additives into graphite composite electrodes.
This is due to the fact that pure graphite anodes have essentially
achieved their maximum performance in terms of energy density
[1].
Silicon is the most promising candidate that can
drastically improve the anode performance (more than 10 times), but
its industrial application is very limited due to unresolved issues
related to volumetric expansion. The use of engineered SiOx
materials, instead of pure silicon, enables overcoming this problem
and increases battery capacity without significant degradation of
the battery's lifetime.
This new reality is driving a surge in demand
for advanced silicon-containing anode materials. As of 2023, this
market is valued between US$1.1 billion [2] and US$2.7 billion [3].
Its growth prospects indicate a potential demand of 300,000 tons by
2030, estimated at US$15 billion [4], according to one source, and
US$ 131.6 billion in 2033 according to another source [5].
It's important to highlight that silicon-based
materials for Li-ion batteries currently make up a relatively small
portion, accounting for less than 10%, of the global demand for
graphite, which is primarily used in the manufacture of anode
materials for Li-ion batteries. This graphite market is estimated
to be worth US$25 billion in 2023 [6].
“Today’s news, which can be considered a big milestone,
validates our strategic partnership with Novacium and strengthens
our collective position in the global market for reliable,
sustainable and innovatively engineered SiOx battery
materials,” added Mr. Tourillon.
REFERENCE SOURCES
[1] The Royal Society of Chemistry 2020
Sustainable Energy Fuels, 2020, 4, 5387–5416
[2] QY Research, SNE Research, Shinhan Securities / NBM June
2023 Deck page 11
[3] The global silicon anode battery market is likely to be
valued at US$ 2.7 billion in 2023. From Future Market Insights
Global and Consulting Pvt. Ltd.
[4] QY Research, SNE Research, Shinhan Securities / NBM June
2023 Deck page 11
[5] According to Future Market Insights, the global silicon
anode battery market is Estimated to Reach US$ 131.6 Billion by
2033.
[6] Based on the analysis by Fact.MR, the global graphite market
is valued to be US$ 25.9 billion in 2023 and it is expected to grow
at a CAGR o 8,5% to reach US$ 58,6 billion by the end of 2023. Link
to source
About NOVACIUM SAS
Novacium is green technology startup based in
Lyon, France started in Q3 2022. It is the result of a partnership
between three of France’s leading research engineers, Mr. Jed
KRAIEM PhD, Novacium's Chief Operating Officer (“COO”), Mr. Oleksiy
NICHIPORUK PhD, Novacium's Chief Technical Officer (“CTO”), and Mr.
Julien DEGOULANGE PhD, Novacium’s Chief Innovation Officer (“CIO”),
who wanted to start a new Research and Development company to
develop their own technology in high added value fields connected
to renewable energy, and HPQ Silicon Inc, a Canadian company,
looking to expand the depth and reach of technical team in order to
develop its silicon and new renewable energy projects.
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:
1) 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.
2) 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.
3) Becoming a
producer of silicon-based anode materials for battery applications
with the assistance of NOVACIUM SAS.
4) 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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