HPQ CEO Applauds and Comments on Canada’s New Federal Budget and Its Positive Impact on HPQ’s Technology Portfolio

Core Insights - The 2025 Federal Budget of Canada introduces $141 billion in new spending aimed at enhancing domestic industrial capacity, expanding clean-energy infrastructure, and accelerating the commercialization of next-generation technologies [1][2][3] Group 1: Government Support and Strategic Alignment - The budget emphasizes productivity, clean manufacturing, and Canadian supply resilience, signaling a commitment to support innovators in turning research and development into industrial reality [2][3] - HPQ's core technology pillars—Fumed Silica, HPQ ENDURA+ Batteries, and METAGENE™ Hydrogen—are aligned with the government's goals for clean industrial projects [3][10] Group 2: Fumed Silica Production - HPQ's proprietary Fumed Silica Reactor technology allows for the transformation of quartz into fumed silica without toxic feedstocks, supporting the goal of reshoring high-value materials to North America [5][11] - The budget's Productivity Super-Deduction and focus on clean-power infrastructure will facilitate HPQ's establishment of domestic production, reducing reliance on imports from the U.S., China, and Europe [5][6] Group 3: Energy Storage Solutions - The budget's Defence Industrial Strategy and Buy Canadian procurement rule create strong demand for domestic energy storage solutions, aligning with HPQ's ENDURA+ GEN3 silicon-anode lithium-ion cells currently in industrial testing [7][8] - HPQ ENDURA+ batteries offer higher energy density and longer cycle life, making them suitable for various sectors including defense, telecommunications, and grid storage [8] Group 4: Hydrogen Production - Hydrogen is identified as a critical component of Canada's clean-economy transition under the budget's Climate Competitiveness Strategy, positioning HPQ to manufacture and deploy its METAGENE™ hydrogen production technology [9][10] - METAGENE™ technology allows for on-demand, low-carbon hydrogen production, aligning with Ottawa's clean-fuel and industrial decarbonization goals [9][10] Group 5: Future Industrial Landscape - The 2025 Federal Budget represents a significant shift from policy ambition to industrial execution, with new investment tools designed to anchor clean-technology manufacturing in Canada [10] - HPQ is well-positioned to leverage these measures to enhance its industrial capacity and contribute to the country's clean technology landscape [10][11]