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 the TSX Venture Exchange (“TSX-V”) has
given its approval to HPQ transaction with EBH2 Systems SA,
(“EBH2”) announced on August 24, 2021 and following that approval,
HPQ has closed the MOU entered into with EBH2 Systems SA on August
24, 2021. HPQ and EBH2 can now focus on the next milestone,
third-party validation of the EBH2 technology, expected to take
place during the next 60 days. A first step was done by the signing
of a perpetual world-wide license granted by EBH2 to HPQ to sell
products where EBH2 Green Hydrogen Reactors (EBH2 GHR) are
incorporated into any HPQ Technologies.
EBH2
SYSTEMS SA HAS DEVELOP AN EXTREMELY EFFICIENT PROCESS TO
PRODUCE GREEN HYDROGENEBH2 is a Swiss company that
possesses a proprietary low-cost electrolysis technology that can,
extremely efficiently, extract from virtually any water source
including salt water, Green Hydrogen. EBH2 Green Hydrogen Reactors
(“EBH2 GHR”) are scalable, adaptable and can produce, on demand,
the quantities of Green Hydrogen fuel necessary to power numerous
applications from various modes of land and sea transport to single
home dwellings, district wide power generation and large-scale
industrial applications. EBH2 has filed a provisional patent for
this new and novel on demand process to make Green Hydrogen for
US$1 per Kilogram.
GREEN HYDROGEN A TRILLION $ ADDRESSABLE
MARKET IN SEARCH OF A TECHNOLOGY LIKE
EBH2 GHRWhile deploying
at scale Green Hydrogen could provide up to 24% of the world energy
needs by 2050, cutting Greenhouse Gas (“GHG”) emissions by around a
third and generating direct annual revenues of US$ 2,5 trillion1,
currently available processes of producing Green Hydrogen from
renewable energies cost about US$5 per kilogram, giving Green
Hydrogen a cost disadvantage compared to hydrogen produced using
fossil fuels (Grey and Blue Hydrogen) which have a US$1 per
kilogram cost2.
WORKING TOGETHER TO COMMERCIALISE
EBH2 GREEN HYDROGEN REACTORS
TECHNOLOGIES After many years of development, EBH2 now has
a EBH2 GHR model ready for commercial deployment, a system that can
produce continually the Green Hydrogen fuel necessary to power a 1
Megawatt per week generator, an electricity production capacity
sufficient to power a typical three (3) bedroom suburban house. The
potential cost and GHG reduction benefits of the EBH2 GHR systems
are so massive that the units could readily replace solar panels or
standby generators for homeowners.
“HPQ has been at the forefront of Green Silicon
innovation development since 2015, and has we get closer to having
multiple pilot plants operational, looking for way to reduce our
energy costs all the while improving our environmental footprint
become of paramount importance. EBH2 Systems SA, with their
proprietary low-cost electrolysis technology that can, extremely
efficiently, extract from virtually any water source including salt
water, Green Hydrogen present HPQ with one of these games changing
synergetic opportunities that we simply could not overlook,” said
Bernard Tourillon, President and CEO of HPQ Silicon. “We are
getting closer to the point where EBH2 technology will be validated
and HPQ will be incredibly well positioned to make green silicon
materials all the while opening up new, and massive addressable
markets for a system that can produce cheaply green hydrogen, on
demand.”
Once third-party validation of the EBH2
technology is completed, as per the terms of the agreement found in
HPQ August 24, 2021, release:
- HPQ will complete the cash
component of part of the transaction and start delivering HPQ share
units to EBH2 under the terms of equity component of the
transaction,
- HPQ and EBH2 will create a new
joint venture company (“NEWCO”) to market, sell and service EBH2
systems and products in North America, and
- EBH2 will start working on scaling
up its EBH2 GHR technology to build systems that can produce
continually the Green Hydrogen fuel necessary to meet the energy
requirements of:
- HPQ PUREVAPTM QRR, a technology to
produce high purity silicon,
- HPQ PUREVAPTM NSiR, a technology to
produce nano silicon materials,
- HPQ Fumed Silica Reactor, a
technology to produce fumed silica in one step, and
- Other technologies that HPQ may
develop over time.
HPQ TO START PROCESS TO CHANGE IT
CLASSIFICATION FROM MINING ISSUER TO TECHNOLOGY
ISSUERIncluded in the TSX-V approval was HPQ commitment
to:
- Submit, by the
latest December 31, 2021, an application to the TSX-V to change HPQ
classification from being a mining issuer to an Industrial and
Technology Issuer.
- Seek shareholder approval of the
change of classification request by the latest 15 months from June
17, 2021.
About EBH2
Systems SA. EBH2
Systems SA is a Swiss company located in Lausanne area which is
working on Hydrogen solutions that will be Powering a Healthier
future. Together with a researcher that has dedicated his life to
develop green Hydrogen technologies,
EBH2 has found the solution to produce
Hydrogen from virtually any water source including salt water.
EBH2 is scalable with no limits.
It can power a small domestic generator up to ships, factories,
buildings, cryptocurrency mines with high energy consumption and
even cities. EBH2 is one of the
solutions to reduce more than 15% of the emissions for 2021. For
more information, please visit EBH2 web site.
About HPQ Silicon ResourcesHPQ
Silicon Resources Inc. (TSX-V: HPQ) is a Quebec-based
innovative silicon solutions company that offers innovative silica
(SiO2), silicon (Si) based solutions and is developing a unique
portfolio of high value-added silicon (Si) products sought after by
battery and electric vehicle manufacturers.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:
-
the PUREVAPTM “Quartz
Reduction Reactors” (QRR), an innovative process (patent
pending), 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 of
different sizes and nanowires.
-
Through its second 100% owned subsidiary, HPQ Silica POLVERE Inc.,
HPQ is developing a new plasma-based process that will allows a
direct Quartz to Fumed silica transformation, removing the usage of
hazardous chemical in the making of Fumed silica and eliminating
the Hydrogen Chloride Gas (HCI) associated with its
manufacturing.
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: Bernard J.
Tourillon, Chairman, President and CEO Tel +1 (514) 907-1011Patrick
Levasseur, Vice-President and COO Tel: +1 (514) 262-9239Email:
Info@hpqsilicon.com
1 https://about.bnef.com/new-energy-outlook/2
https://www.bofaml.com/en-us/content/esg-research/green-hydrogen-market-importance.html
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