HPQ “Kittyhawk Moment” Will Prove To Be A Game Changer In The Production Of Silicon Metal For Electric Vehicle Batteries and Renewable Energy

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HPQ Silicon $HPQ.ca $HPQFF is a Quebec-based silicon solutions company that is developing a unique portfolio of high value-added silicon products sought after by battery and electric vehicle manufacturers - and other industries.

Silicon metal is one of today’s key strategic materials needed for the decarbonization of the economy and the Renewable Energy Revolution. However, silicon metal does not exist in its pure state and must be extracted from quartz in what has historically been a capital, energy-intensive and environmentally harmful process.

THE ONLY COMPANY CREATING A NEW PROCESS FOR SILICON MANUFACTURING

HPQ is the only company bringing a new process for manufacturing Silicon to market that is perfectly suited to the new demands and realities of today’s Silicon market.

Specifically, with ESG principles playing an active role in materials sourcing - and with recent geopolitical unrest emphasizing the need for stable supply security, global corporations are becoming more aware of the difficulties in securing ESG-compliant Silicon to meet their renewable energy agenda.

THE MASSIVE OPPORTUNITY FOR THIS NEW PROCESS

The reality of chronic underinvestment in new technologies combined with the offshoring of Silicon production capacity, is creating massive opportunities for HPQ and the processes it is developing with PyroGenesis Canada Inc. (PYR:NASDAQ)

The Company’s innovative process permits the one-step transformation of quartz into high purity silicon at reduced costs, energy input, and carbon footprint so significant that it will propagate its considerable renewable energy potential .

HPQ ANNOUNCED ITS KITTYHAWK MOMENT TODAY

Earlier today $HPQ.ca announced the following major milestone:

HPQ Silicon GEN3 PUREVAP™ QRR Pilot Plant: Dynamic Test Successful, Major Scaling Up Milestones Reached; Pilot Plant Ready to Process Material

The importance of this major milestone can best be summarized by the CEO’s of each company:

Bernard Tourillon - HPQ Silicon

“There is no other way to say it; the results obtained during the 72-hour dynamic blank test are major engineering milestones and accomplishments for the PyroGenesis team.”

“This major breakthrough increases the expectation that the next step of commercial scalability will be successful”

“HPQ, with development partner Pyrogenesis, is closer than ever to confirming the innovative approach to making high Purity Silicon using the QRR process will be a commercial success.”

Peter Pascali - PyroGenesis Canada

“Advancing the PUREVAP project to this stage has been one of the great achievements of the Company. …… As we have stated before, we firmly believe that the PUREVAP™ process will prove to be a game changer in the production of a metal as strategically important to future energy goals as silicon. We are proud to be on this journey together with HPQ. ”