HPQ GEN3 PUREVAP™ Quartz Reduction Reactor Pilot Plant Commissioning Commences as Global Silicon Prices Spike in the Face of Supply Shortage
posted on
Oct 21, 2021 01:00PM
Achieved final critical milestones, completing a successful silicon pour
MONTREAL, Oct. 21, 2021 (GLOBE NEWSWIRE) -- HPQ Silicon Resources Inc. (“HPQ” or the “Company”) ( TSX-V: HPQ ) ( OTCQX: HPQFF ) ( FWB: UGE ), an innovative silicon solutions and technology development company, is pleased to inform shareholders that further to our June 10 and August 18 , 2021 releases, technology provider, PyroGenesis Canada Inc. ( TSX: PYR ) ( NASDAQ: PYR ) ( FRA: 8PY ), has confirmed that, after all delays related to COVID-19, the last missing component, the power supply, has been delivered to PyroGenesis’ facility in Montreal. PyroGenesis has begun the commissioning of the GEN3 PUREVAP™ Quartz Reduction Reactor (“QRR”) Pilot Plant . PILOT PLANT TESTING TO VALIDATE PUREVAP™ QRR GAME CHANGING ADVANTAGES SILICON MARKET DEFICIT AT 92,000 MT, PRICES SOARING, NEW GREENFIELD DEVELOPMENTS NEEDED 2 “HPQ has been at the forefront of Low-Cost Green Silicon innovation developments since 2015, and with the commissioning of the GEN3 PUREVAP™ QRR pilot plant , our timing couldn’t be better. With ESG principles playing an active role in materials sourcing, the world is waking up to the difficulty 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 PUREVAP™ QRR process, as we are the only company to bring to market a new process to make Silicon that is perfectly suited to the new demands and realities of the Silicon market,” said Mr. Bernard Tourillon, President and CEO of HPQ Silicon. About PyroGenesis Canada Inc. About HPQ Silicon Resources 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 (SiO 2 ) in what has historically been a capital and energy-intensive process. With PyroGenesis Canada Inc. ( TSX: PYR ) ( NASDAQ: PYR ) , HPQ is developing:
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: 1 HPQ Silicon June 17 th , 2019, release A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c4902ff1-6e40-4fdf-8a93-b4a15ce1c80f
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