This announcement underscores the promising results witnessed during the continuous charge-discharge cycle testing of 18650 industrial batteries, reaching a significant milestone at the 50-cycle mark. 18650 industrial batteries are considered the 'industry standard'.
'These ongoing results continue to surpass our expectations [1],' stated Dr.
MAINTAINING 14% BATTERY CAPACITY IMPROVEMENT WITH MINIMAL DEGRADATION FOR 50 CYCLES
The graph displayed below show the battery capacity outcomes and the changes in capacity during the 50-cycle testing of the 18650 batteries. The blue lines depicting the results of the 18650 batteries comprised of 90% wt graphite and 10% wt Novacium's custom-engineered silicon material blend, a material for which HPQ holds exclusive global licenses, while the red lines depict the results for the batteries made entirely of graphite.
These batteries exhibit a high discharge capacity of approximately 3.18 Ampere-hours (Ah), surpassing the benchmark set by three comparison batteries (red lines) with a capacity of 2.70 Ah. These results mark another significant milestone after 50 cycles of testing. These results, confirm and extend the 14% enhancement in full-battery capacity compared to 100% graphite benchmark batteries, that was observed in the previous 5 and 25 cycles testing.
'These are encouraging indicators of the material's commercial viability in the battery manufacturing sector,' added
COMPARING CAPACITY DEGRADATION BETWEEN 18650 BATTERY TYPES
One of the best to ways to visualize the potencies of our degradation results to date is to compare side by side industry 18650 type graphite batteries capacity degradation with the Novacium 18650 batteries at the 50 cycles benchmark.
The graph displayed below showcases change in capacity results for a Samsung INR18650-35E Battery, and the changes in capacity during the 50-cycle testing of the 18650 batteries made using Novacium's custom-engineered silicon material blend.
The data clearly demonstrates the potential of our material. At the 50 cycles test mark, the Samsung INR18650-35E Battery capacity loss was around 5%, while the HPQ and Novacium Gen 1 18650 industrial battery loss was near 1%.
'I am profoundly encouraged by these promising results,' expressed Mr.
Novacium technical team analysis of the data from the ongoing charging and discharging cycle tests conducted at a world-leading university, the name of which is kept confidential for competitive reasons.
About NOVACIUM SAS
Novacium is an HPQ - affiliated company started in Q3 2022. This green technology startup is based in
About
HPQ is developing, with the support of world-class technology partners
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 producer of silicon-based anode materials for battery applications with the assistance of NOVACIUM SAS.
Becoming a zero CO2 low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using our PUREVAP 'Quartz Reduction Reactors' (QRR), a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis.
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.
Contact:
Chairman, President
Tel: +1 (514) 846-3271
Director
Tel: +1 (514) 262-9239
Email: Info@hpqsilicon.com
(C) 2024 Electronic News Publishing, source