Following our press release of
The purpose of the NDA is twofold:
- First, it will enable both parties, HPQ Polvere and the
Industrial Group , to conduct mutual due diligence, and - Second, it will enable both parties to assess the commercial and economic potential for a more formal collaboration regarding the construction and operation of a 1,000 tonnes per year (TPY) Fumed Silica Reactor to be built by PyroGenesis.
“The NDA, stands as tangible proof of the commercial interest in the potential of our proprietary Fumed Silica Reactor technology," said Mr.
HPQ POLVERE'S DISRUPTIVE ADVANTAGES ATTRACT INDUSTRIAL INTEREST
The table below clearly illustrates the numerous disruptive advantages of HPQ Polvere's Fumed Silica Reactor (FSR) compared to traditional Fumed Silica Manufacturing. The significant opportunities presented contributed to the interest from the
A STEP FORWARD IN IMPLEMENTING OUR INCREMENTAL COMMERCIALISATION STRATEGY
The commercial imperative to construct a 1,000 tonnes per year (TPY) Fumed Silica Reactor, driven by the anticipated demand for low
“We are keenly interested in the possibility of implementing a pathway to commercialization and monetization of our Fumed Silica Reactor process that could be less dilutive for HPQ shareholders,”
REFERENCE SOURCES
[1] | PyroGenesis participation in the NDA agreements is done at HPQ's express request. |
[2] | Traditional Fumed Silica manufacturing involves a complex three-step process. Step 1: Conversion of Quartz to Silicon Metal (Si), with an average Capex of around |
[3] | Frischknecht, Rolf, et al. "Life cycle inventories and life cycle assessment of photovoltaic systems." International Energy Agency (IEA) PVPS Task 12 (2020). |
[4] | |
[5] | Average EBITDA margins of 20% are derived from two sources, with Link #1 leading to Source #1 and Link #2 leading to Source #2 (Specialty Additives division). Management has calculated the EBITDA margins for the Fumed Silica Reactor (FSR) based on data derived from third party sources and publicly available information. These figures will be updated upon completion of the pilot testing phase. The 5% range in HPQ Polvere's EBITDA margins considers PyroGenesis' option to convert its 10% royalties into a 50% ownership stake in HPQ Polvere's remaining equity. |
[6] | The 1 Kg eq of CO2 per Kg of Fumed Silica is based on |
[7] |
About
About
HPQ is developing, with the support of world-class technology partners
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) |
For more information, please visit
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
This News Release is available on the company's CEO
Source:
For further information contact:
Email: Info@hpqsilicon.com
A table accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7451599-3d88-48be-824b-369d0c026e12
![](https://ml.globenewswire.com/media/MTI2N2QyOWMtYWQ5ZC00YjE0LWI0YWMtMzQ5ZGI1Yjg3YWZjLTEwOTgxNTA=/tiny/HPQ-Silicon-Inc-.png)
Fumed Silica Table
![](https://ml.globenewswire.com/media/f7451599-3d88-48be-824b-369d0c026e12/medium/fumed-silica-table.png)
Disruptive advantages
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