This announcement highlights the promising results from ongoing cycle testing of 'industry standard' 18650 industrial batteries, notably at the 125-cycle mark. Additionally, it introduces the massive market opportunity for HPQ associated with advanced silicon-based anodes material manufacturing.
'The fact that our first generation of advanced silicon-based material continues to deliver about 3,100 milliampere-hour (mAh) of battery capacity after 125 cycles [1] is a powerful indication of the commercial potential of the materials we are developing for Advanced Mobile Technology applications, a
CONTINUING TO DELIVER 14% BATTERY CAPACITY IMPROVEMENT AT 125 CYCLES
These batteries exhibit a high discharge capacity of approximately 3.10 Ampere-hours (Ah) (or about 3,100 mAh), surpassing the benchmark set by three comparison batteries (red lines) which have a capacity of about 2.65 Ah. These results, confirm and extend the approximate 14% enhancement in full-battery capacity compared to 100% graphite benchmark batteries, that was observed in the previous 5, 25, 50 and 100 cycles testing.
The Novacium non-optimized first generation of engineered silicon anodes material continue to deliver results within the range of comparable graphite batteries. These promising results have real world applications.
'The data generated during testing continues to provide the crucial information needed to develop an enhanced second generation of advanced silicon-based material, that we believe will allow us to deliver even better results,' added
ADVANCE SILICON-BASED ENGINEERED ANODES MATERIAL MARKET OPPORTUNITY
As pure graphite anodes have essentially achieved their maximum performance in terms of energy density [3], a trend in the lithium battery industry has been the introduction of small amounts (about 5%) of silicon oxide (SiOx) material into graphite composite electrodes. This basic SiOx material, primarily used in the fabrication of optical materials, sells for about
While Silicon remains the most promising candidate that can drastically improve the anode performance (more than 10 times), its industrial application is still very limited due to unresolved issues related to volumetric expansion or due to the usage of very complex and highly expensive solutions.
The manufacture of an engineered silicon-based anode material, such as the Novacium product, will enable the battery industry to overcome these problems and increase battery capacity without significant degradation of the battery's lifetime. Presently the selling price of engineered silicon-based anode material is around
This new reality is driving a surge in demand for advanced silicon-based anode materials. As of 2023, this market is valued between
It is 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
'I continue to be profoundly encouraged by the results to date; however, I am even more excited about the potential of our next generations of materials,' expressed Mr.
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.
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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.
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