HPQ SILICON INC.
Technology provider,
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HPQ PUREVAPTM QRR PILOT PLANT PROJECT ABOUT TO ENTER ITS MOST EXCITING R&D PHASE
With the GEN3 PUREVAPTM QRR pilot plant functional shortly the project will be entering its final Research and Development phase, operating the pilot plant to tests the system under operational conditions and producing Silicon material sought after by battery makers and high value applications manufactures
Budgeted atCDN$ 2,830,000 and lasting up to twelve (12) months, this final phase of the program will allow the validation and quantification of the following PUREVAPTM QRR disruptive advantages: a) That it can produce a higher purity silicon material than any traditional processes in one step, b) That it does not require the extremely pure feedstock needed by conventional processes, c) That it only requires 4.5 MT of raw material to make 1 MT of Silicon versus the 6 MT required by conventional processes, d) That it does possess a significant cash cost advantage versus the lowest cost traditional Silicon producer.
'In the coming weeks, when the PUREVAPTM GEN3 QRR pilot plant is functional HPQ will be disrupting Silicon manufacturing, an industry that still relies on a traditional process to make silicon first developed in 1899. The start of the GEN3 PUREVAPTM QRR pilot plant could not have come at a more opportune time. Demand for high purity silicon from the battery and high-performance material companies continues to rise just as bottlenecks we had foreseen are now occurring in the silicon supply chain. With ESG principles playing an active role in materials sourcing, the world is more aware of the difficulties of securing the ESG compliant Silicon needed to meet its renewable energy goals. The reality of chronic underinvestment in new technologies combined with the offshoring of Silicon production capacity, has created a massive opportunity for HPQ and its PUREVAPTM QRR patented process. HPQ is the only company to bring to market a new process for making Silicon that is perfectly suited to the new demands and realities of the Silicon market,' said Mr.
About
About
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.
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.
Contact:
Tel: +1 (514) 907-1011
Email: Info@hpqsilicon.com
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