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HPQ Silicon Signs NDA and Receives Request for 4N Silicon Material Samples from a World Leading High-Performance Materials Company08.02.2022 | 17:00 Uhr | GlobeNewswire
MONTREAL, Feb. 08, 2022 - 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 announce that HPQ and technology provider PyroGenesis Canada Inc. (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) have signed a non-disclosure agreement ("NDA") with a world leading high-performance material company ("HPMC") for the purposes of preparing 4N silicon (Si) material samples. HPQ will make the dedicated samples using material produced by the PUREVAP™ Quartz Reduction Reactor (QRR) pilot plant, which is scheduled to start at the end of Q1. For industry competitive reasons and in accordance with terms of the NDA, the identity of the HPMC and other parties involved must remain confidential, however HPQ can divulge that the 4N Silicon material will be tested for usage as potential feedstock for the manufacturing of silicon nitride (Si3N4) ceramics. 4N SILICON NEEDED AS FEEDSTOCK TO MAKE SILICON NITRIDE (SI3N4) CERAMICS For example, in NASA's Space Shuttle project, silicon nitride spheres were used as low-friction ball bearings in the equipment which supplied the main engines with cryogenic liquid hydrogen and liquid oxygen, the rocket's propellants. These bearings outperformed traditional equivalents, boasting lower friction, lighter weight, better longevity, and less lubrication needed. Today, they can be found in more terrestrial settings, such as wind turbines, bicycles, and high-end cars. Silicon Nitride manufacturers are seeking ways to reduce powder processing costs to speed adoption of this remarkable material. "We were approached by a representative of the high-performance material company seeking samples of our 4N silicon material to test as feedstock to make silicon nitride ceramics. This is just one example of the many niche market applications that production from our PUREVAP™ QRR process can potentially supply" said Bernard Tourillon, President and CEO HPQ Silicon. "High Purity Silicon's (4n+) potential is undeniable and generating serious industry interest, so our timing could not be better as this sample request from the HPMC confirms awareness of our unique silicon production capabilities at the highest enterprise levels across the world. Nonetheless, we are still in the early stages and will continue to apply the methodical approach that has put us in this position, with this sample request confirming the potential for new and exciting advances by HPQ in the high purity silicon space." 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 (SiO2) in what has historically been a capital and energy-intensive process. With PyroGenesis Canada Inc. (TSX: PYR) (NASDAQ: PYR), HPQ is developing:
HPQ is also a technology development company interested in developing hydrogen-based ventures, that could be complementary to the QRR efforts. Currently, HPQ is evaluating two different approaches to reach this goal, those being:
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.
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