MONTREAL, Canada — HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQB: HPQFF) (FRA: O08), a technology company specializing in the green engineering of silica and silicon-based materials is pleased to announce to its shareholders that it has entered into a new multi-party agreement with a French Defence Company, along with its French affiliate, NOVACIUM SAS (“Novacium”), and LN INNOV’ SAS (“LN INNOV'”) of Toulouse, France (refer to the press release of September 26, 2023).
The aim of this multi-party agreement is to initiate discussions exploring the potential cooperation for integrating Novacium’s new hydrogen production system (refer to the press release of September 7, 2023) into French Defence projects.
HARNESSING HYDROGEN POTENTIAL WHILE ELIMINATING LIMITING FACTORS
Unlike traditional electrolysis-based hydrogen production systems, Novacium’s process operates without the need for electricity, extensive storage, and complex transportation infrastructure, offering a truly autonomous solution. Furthermore, the hydrogen produced by the chemical process directly reaches industry-standard pressure levels, typically ranging from 200 to 1,000 bars.
“This innovative approach aims to unlock the hydrogen stored in water using eco-friendly and low-cost alloys, providing an alternative, safe, and efficient means of hydrogen production,” said Mr. Jed KRAIEM PhD, COO of Novacium. “We are confident that our simple and secure method of hydrogen production will unlock the potential of hydrogen as a safe and clean on-site energy source for a variety of industrial and military applications.”
The dual-application process, designed for military and civilian uses, addresses potential clients, , need for a low-carbon footprint, on-demand, high-pressure autonomous hydrogen production system deployable anywhere globally, even under off-grid conditions, with safety as a top priority.
“The signing of this multi-party agreement with a French Defence Company represents a first step in the commercialization of Novacium’s hydrogen manufacturing process. We are excited about its potential to transform hydrogen’s role, as safe and clean energy on-site source in various industrial applications,” said Mr. Bernard Tourillon, President and CEO of NOVACIUM SAS and HPQ Silicon Inc.
“Hydrogen: an opportunity for France and its armed forces. The energy transition to hydrogen is a real windfall for France. It offers major economic opportunities, strengthens the country’s energy sovereignty and renews the techno-industrial training capacity of the Armed Forces,” said Mrs. Nathalie MAZEAU, LN INNOV’ CEO. “With its experience in autonomous energy systems, LN INNOV’ wishes to democratize this technology through its simplified use and logistics, essential markers for its success.”
HPQ Silicon is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer. With the support of world-class technology partners PyroGenesis Canada and NOVACIUM SAS, the company is developing new green processes crucial to make the critical materials needed to reach net zero emissions.