HPQ Silicon Resources Inc. (“HPQ” or the “Company”)
(TSX-V: HPQ) (OTCQX: HPQFF) (FWB: UGE), an
innovative silicon solutions company, is pleased to announce that
HPQ and PyroGenesis Canada Inc. (TSX: PYR) (NASDAQ: PYR)
(FRA: 8PY) are actively evaluating the commercial opportunity
of developing a plasma process that could convert Silica (Quartz,
SiO2) into Fumed Silica (Pyrogenic Silica) in one step. This new
process is a natural evolution from PyroGenesis’ unique
plasma-based processes and would be a low-cost and environmentally
friendly option. As conceived, the process is expected to eliminate
the harmful chemicals presently generated by traditional flame
pyrolysis of silicon tetrachloride that are currently used to make
fumed silica.
THE MARKET: FUMED SILICA ADDRESSABLE
MARKET TO REACH US$ 2.2 BILLION BY 20221Fumed silica
(Pyrogenic Silica) is a white microscopic powder with high surface
area and low bulk density. Its commercial applications encompass
various industries including personal care, pharmaceuticals,
agriculture (food & feed), adhesives, sealants, construction,
batteries and automotive to name a few. Demand for Fumed Silica is
growing at 6% CAGR, with a global addressable market of US$ 1,5
billion in 2016 expected to grow to US$ 2,2 billion in 2022.
OPPORTUNITY: END USERS LOOKING TO
IMPROVE THEIR ENVIRONMENTAL FOOTPRINT NEED
OPTIONSManufacturing fumed silica is a hazardous process
that is both capital intensive and energy consuming. It causes
significant air pollution due to 1) the carbon dioxide emission
associated with the current processes and 2) the hydrogen chloride
gas produced and released during the manufacturing process, a
highly regulated gas with stringent regulations associated with its
production in North America.
Combining HPQ Silicon High Purity Quartz
initiatives with PyroGenesis industry leading knowhow in the
development of commercial plasma processes, this new process could
revolutionize the manufacturing of Fumed Silica, give HPQ and
PyroGenesis a market leadership in its green manufacturing and
pivot production back to North America, all the while allowing end
users to improve their environmental footprint.
“We are very excited to work with PyroGenesis on
this new venture. With over 25 years of expertise in torch plasma
applications PyroGenesis is a market leader in plasma technology.
This expertise will be applied to transform Silica (Quartz, SiO2)
into Fumed Silica (Pyrogenic Silica) in one step, similar to the
successful work with our PUREVAPTM QRR™ system the venerable Quartz
Reduction Reactor” said Bernard Tourillon, President and CEO HPQ
Silicon. “Over US$50 billion in capital flowed in US ESG funds in
2020, and these are the types of investment they are looking for,
so our timing could not be better. Our market research has
identified several sectors wishing to improve their environmental
footprint, and HPQ’s innovative silicon solutions is prepared to
meet this demand.”
“This opportunity is a natural extension of the
work we are doing with HPQ and aligns with both what PyroGenesis is
targeting and environmental initiatives currently taking place
worldwide” said Peter Pascali, President and CEO of PyroGenesis
Canada Inc. “This underscores the potential of what we are doing
with HPQ, and the reason why we are excited about how things are
developing. We were always taken by the myriad of exciting and
potentially lucrative off-shoots possible form our initial project
with HPQ. We are looking forward to evaluating this opportunity in
detail.”
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 products. The Company provides its engineering
and manufacturing expertise and its turnkey process equipment
packages to customers in the defense, metallurgical, mining,
advanced materials (including 3D printing), and environmental
industries. 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 Company’s core competencies
allow PyroGenesis to provide innovative plasma torches, plasma
waste processes, high-temperature metallurgical processes, and
engineering services to the global marketplace. PyroGenesis’
operations are ISO 9001:2015 and AS9100D certified. For more
information, please visit www.pyrogenesis.com.
About HPQ Silicon ResourcesHPQ
Silicon Resources 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 Canada Inc. (TSX: PYR), a
high-tech company that designs, develops, manufactures and
commercializes plasma - based processes, HPQ is developing the
PUREVAPTM “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
PUREVAPTM Nano Silicon
Reactor (NSiR) is a new proprietary
process that can use different purities of silicon (Si) as
feedstock, to make a wide range of nano/micro spherical powders of
different sizes and nanowires. For more information, please visit
HPQ Silicon web site.
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 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 Resources Inc.
For further information
contact: Bernard J. Tourillon, Chairman, President and CEO
Tel +1 (514) 907-1011Patrick Levasseur, Vice-President and COO Tel:
+1 (514) 262-9239Email: Info@hpqsilicon.com
1 Source Marketandmakerts.com
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