- Announced that a new provisional patent application covering a critical part of the PUREVAP™ Quartz Reduction Reactor (QRR) process has been filed
- This is the second distinct patent filing for HPQ and PyroGenesis Canada Inc. (TSX-V: PYR) since the 2015 commencement of the Company’s quest to improve the global economics and supply concerns of the Silicon (Si) market.
MONTREAL, Sept. 04, 2019 — HPQ Silicon Resources Inc. - TSX-V: HPQ; OTCPink: URAGF; FWB: UGE (“HPQ†or “the Companyâ€) is pleased to announce that a new provisional patent application covering a critical part of the PUREVAP™ Quartz Reduction Reactor (QRR) process has been filed. This is the second distinct patent filing for HPQ and PyroGenesis Canada Inc. (TSX-V: PYR) since the 2015 commencement of the Company’s quest to improve the global economics and supply concerns of the Silicon (Si) market.
The first patent filing is currently pending and covers the entire novel PUREVAP™ QRR process
usage of a plasma arc within a vacuum furnace for the one step
production of Silicon (Si) from Quartz (SiO2). This new provisional
filing is focused on a new and novel process for continuous operations
of the plasma arc furnace under vacuum.
“Our approach to protecting and strengthening the PUREVAP™ Intellectual Property Portfolio combines both Patents Protection and Trade Secrets,†said Bernard Tourillon, President & CEO of HPQ Silicon Resources Inc. “The filing of this new provisional patent is another step forward in securing and protecting value for stakeholders. HPQ PUREVAP™ QRR is ready to solve the real world challenges facing Silicon markets today, completely
revolutionize the Silicon industry and prepares us for
commercialization which will in turn create tremendous value for HPQ
shareholders.â€
While PyroGenesis filed the new provisional patent application, it is
covered by the HPQ 2016 acquisition of the Intellectual Property rights
to the PUREVAP™ QRR as it relates to the production of Silicon
(Si) from Quartz (SiO2), and can therefore be transferred to HPQ at
anytime. As part of the agreement, PyroGenesis retains a royalty-free,
exclusive irrevocable worldwide license to use the process for purposes
other than the production of Silicon (Si) from Quartz (SiO2). However,
if PyroGenesis develops any other such application, HPQ does have a
right of first refusal in the event of any sale or otherwise disposal.
“The new provisional patent application represents another
significant milestone in our long term relationship with HPQ Silicon,
and underscores our belief that what we are doing is truly unique as
well as demonstrating our confidence in the ultimate commercial
viability of the PUREVAPTM project,†said P. Peter Pascali, President and CEO of PyroGenesis. “At
PyroGenesis we have developed an approach to protecting Intellectual
Property, and we have the patent portfolio to prove it. We only engage
in patent applications where we feel (i) that we will prevail with an
award and (ii) that there is commercial application to protect.â€
About Silicon
Silicon (Si) is one of today’s strategic materials needed to fulfil
the renewable energy revolution presently under way. Silicon does not
exist in its pure state; it must be extracted from quartz, one of the
most abundant minerals of the earth’s crust and other expensive raw
materials in a carbothermic process.
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed company developing, in
collaboration with industry leader PyroGenesis (TSX-V: PYR) the
innovative PUREVAPTM “Quartz Reduction Reactors†(QRR), a truly
2.0 Carbothermic process (patent pending), which will permit the
transformation and purification of quartz (SiO2) into Metallurgical
Grade Silicon (Mg-Si) at prices that will propagate its significant
renewable energy potential.
HPQ is also working with industry leader Apollon Solar to develop a
metallurgical pathway of producing Solar Grade Silicon Metal (SoG Si)
that will take full advantage of the PUREVAPTM QRR one-step
production of high purity silicon (Si) and significantly reduce the
Capex and Opex associated with the transformation of quartz (SiO2) into
SoG-Si.
HPQ focus is becoming the lowest cost producer of Silicon (Si), High
Purity Silicon (Si) and Solar Grade Silicon Metal (SoG-Si). The pilot
plant equipment that will validate the commercial potential of the
process is on schedule to start in 2019.
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.
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 the Company’s
Roncevaux Quartz Project, Matapedia Area, in the Gaspe Region, Province
of Quebec.
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 on-going filings with the securities 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.
For further information contact
Bernard J. Tourillon, Chairman, President and CEO Tel (514) 907-1011
Patrick Levasseur, Vice-President and COO Tel: (514) 262-9239
http://www.hpqsilicon.com Email: [email protected]
