HPQ does not usually opine on stock price and or trading activity.
However, given last week's unusual market activity combined with inquiries from investors—asking for clarification on the identity of a seller; after anonymous individuals on social media made claims that the seller was PyroGenesis, HPQ management felt it had no other option but to:
- Confirm that everything material has been disclosed by the company in either its press releases or quarterly reports, and
- Inform shareholders that
PyroGenesis Canada Inc. was not the seller behind last week’s unusual trading activity, contrary to the allegations made on social media.
HPQ contacted PyroGenesis about the sales, and they confirmed that they were not the seller of the said HPQ shares, and that PyroGenesis does not have, and never had any brokerage accounts at Scotia, the brokerage house from which a bulk of the unusual trading activity was made.
PyroGenesis made the following statement regarding their strategic investment in HPQ:
“Let there be no doubt that PyroGenesis views its strategic investment in HPQ as one that we wish to build upon over time,” stated Mr.
HYDROGEN UPDATE
Further to our
“Novacium’s technical expertise in hydrogen R&D and their adherence to scientific processes guided a due diligence report which based on its conclusion allowed HPQ to terminate the EBH2 venture as it did not meet criteria set in the agreement.” Commented
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.
With
- the PUREVAPTM “Quartz Reduction Reactors” (QRR), an innovative process (patent granted in
the United States and pending in other jurisdictions), 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 material produced by the QRR as feedstock, to make a wide range of nano/micro spherical powders and nanowires of different sizes. - Through its second 100% owned subsidiary,
HPQ Silica POLVERE Inc. , HPQ is developing a new plasma-based process that allows a direct Quartz to Fumed silica transformation, removing the usage of hazardous chemicals in the making of Fumed silica and eliminating theHydrogen Chloride Gas (HCI) associated with its manufacturing.
HPQ is also a technology development company interested in developing hydrogen-based ventures, that could be complementary to the QRR efforts. Currently, HPQ is working with Novacium developing processes for making hydrogen via hydrolysis of silicon and other materials.
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
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For further information contact:
Email: Info@hpqsilicon.com
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