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HPQ Silicon and Novacium Sign Industrial Cooperation Agreement with AD-VENTA, Advancing METAGENE™ Scale-Up
Globenewswire· 2025-12-04 12:30
Core Viewpoint - The strategic partnership between HPQ Silicon Inc., Novacium, and AD-VENTA aims to enhance the production capacity of the METAGENE™ process for green hydrogen, facilitating its industrial deployment and commercialization [1][4][11]. Group 1: Partnership Details - HPQ Silicon Inc. and Novacium have signed a cooperation agreement with AD-VENTA, a company specializing in high-pressure hydrogen storage and distribution systems [1][12]. - The partnership is expected to significantly increase the METAGENE™ station's hydrogen production capacity from a range of 1 to 10 kg/day to up to 20 kg/day [4][11]. - The collaboration will integrate the METAGENE™ hydrogen-production reactor into AD-VENTA's existing high-pressure hydrogen dispensing station [6][11]. Group 2: Technology and Production Capacity - The METAGENE™ technology autonomously produces high-pressure green hydrogen using an aluminum-silicon fuel, which will replace the previously used compressed hydrogen cylinders [6][11]. - A single METAGENE™ unit can produce 20 kg of hydrogen per day, equivalent to 400 kWh of useful electrical energy via a 60% PEM fuel cell, enabling stable power supply in off-grid regions [8][10]. - The technology is particularly suited for decentralized applications, providing an economical solution for hydrogen generation in isolated environments [7][11]. Group 3: Commercial Applications - The hydrogen produced can support various applications, including powering inspection drones, communication stations, and remote monitoring posts, which require reliable energy sources in isolated settings [9][10]. - The agreement aims to conduct operational tests for hydrogen production capacity, targeting hydrogen-vehicle fleets and autonomous power supply stations [7][11]. Group 4: Company Backgrounds - HPQ Silicon Inc. focuses on advanced materials innovation and has exclusive North American rights for the METAGENE™ technology [14][11]. - Novacium, founded in 2022, specializes in energy-related materials and is developing technologies for hydrogen generation and silicon-based battery anodes [13]. - AD-VENTA is recognized for its expertise in high-pressure hydrogen systems and contributes to the energy transition and carbon-emission reduction [12].
HPQ Introduces Endura: Its First Commercial Battery Brand Built on GEN3 Technology
Globenewswire· 2025-07-30 11:00
Core Insights - HPQ Silicon Inc. has launched a new brand "HPQ Endura" for its lithium-ion batteries featuring third-generation silicon-based anode material developed in partnership with Novacium SAS, marking a significant entry into the high-performance battery market [1][2][4] Product Development - HPQ Endura batteries are available in 18650 (4,000 mAh) and 21700 (6,000 mAh) formats, offering high energy density and a cycle life of nearly 1,000 full charge-discharge cycles, validated through laboratory and pre-commercial production [3] - The batteries are designed for critical sectors such as electric mobility, consumer electronics, telecommunications, and defense, emphasizing the company's commitment to innovation and market impact [4] Market Strategy - HPQ has acquired the domain HPQEndura.com to facilitate distribution and customer engagement, with plans to launch the platform by the end of Q3 2025 [6] - A dedicated commercial team led by Derick Lila will implement a scalable go-to-market strategy, focusing on securing strategic partnerships and converting industry interest into recurring revenue [7][9] Market Potential - HPQ aims to commercialize HPQ Endura batteries across Canada, the United States, and Mexico, targeting a rapidly expanding market with significant growth potential [10] - A 1% market share in Canada represents an opportunity of approximately USD 8.6 million, while similar shares in the U.S. and Mexico could yield USD 63.7 million and USD 86 million respectively by 2030, indicating potential for exponential growth [11] Industry Context - The global market for 18650 and 21700 batteries was valued at USD 15.92 billion in 2024 and is projected to reach USD 45.60 billion by 2033, with a compound annual growth rate (CAGR) of 12.4% [13] - The Canadian market is expected to grow from USD 860 million in 2024 to USD 2.46 billion by 2033, while Mexico is projected to reach USD 8.6 billion by 2030 with a CAGR of 15% [13]
HPQ's Pilot-Scale Fumed Silica Production Nears Commercial Viability
Globenewswire· 2025-07-23 11:00
Core Viewpoint - HPQ Silicon Inc. is making significant progress in its proprietary Fumed Silica Reactor (FSR) pilot project, with recent SEM analysis confirming the scalability and material quality of its production process [1][3][4]. Company Updates - The independent SEM analysis received by the company validates the success of Phase 1 Tests 4 and 5, indicating a successful transition from lab-scale to semi-continuous pilot-scale manufacturing [2][3]. - The SEM results demonstrate that the materials produced replicate lab-scale properties at a larger scale, with improved process control and material quality [4][7]. - Phase 2 testing is set to begin in early August 2025, focusing on replicating and validating surface area metrics achieved at lab scale, which is crucial for sample qualification with commercial partners [5]. Industry Context - The FSR project aims to develop a low-carbon, plasma-based fumed silica production method, contrasting with traditional high-temperature processes that generate significant CO₂ and chlorine byproducts [6][8]. - The global demand for fumed silica is projected to reach USD 3.54 billion by 2029, growing at a CAGR of 7.46%, indicating a strong market opportunity for HPQ's innovative process [8].
HPQ Silicon Cancels 5,335,000 Stock Options
Globenewswire· 2025-07-18 20:14
Core Viewpoint - HPQ Silicon Inc. has announced the cancellation of 5,335,000 stock options and is facing claims for payment related to an unratified agreement, which the management believes it can dispute effectively [1][2][3][4]. Group 1: Stock Options Cancellation - The Board of Directors of HPQ Silicon has approved the cancellation of 5,335,000 stock options that were set to expire on December 20, 2026, with an exercise price of $1.00, and none of these options had been exercised [1]. Group 2: Claims and Disputes - HPQ has received a claim for €29,000 in cash and an additional claim for €180,000 to be paid in company shares, arising from a draft agreement from August 2022 that was never signed [2]. - The claims are linked to BeNear Deutschland GmbH, which failed to deliver promised services despite receiving CAD $338,882 from HPQ for unfulfilled commitments [3]. - Payments made were intended as advances against potential commissions contingent on a significant financing transaction that did not occur [4]. Group 3: Company Overview and Strategic Focus - HPQ Silicon is focused on innovation in advanced materials and critical process development, partnering with PyroGenesis Inc. and NOVACIUM SAS to achieve net-zero goals [6]. - Key projects include the development of METAGENE™, a low-carbon hydrogen production system, and a process to transform black aluminum dross into a valuable resource [6][7]. - The company aims to become a low-cost producer of high purity silicon and fumed silica, as well as silicon-based anode materials for battery applications [7][8].
HPQ Announces Second and Final Closing of Private Placement
Globenewswire· 2025-07-11 15:59
Core Viewpoint - HPQ Silicon Inc. has successfully closed a non-brokered private placement financing, raising a total of $907,979.58, which reflects strong market confidence in the company's value proposition despite challenging market conditions [1][4]. Financing Details - The company closed an additional 1,886,331 units at a price of $0.18 per unit, contributing to a total of 5,044,331 units issued [2]. - Each unit consists of one common share and one common share purchase warrant, with an exercise price of $0.25 for a period of 48 months [3]. - The financing was completed at a nearly 9% premium, indicating positive market sentiment [4]. Shareholder Meeting Results - Approximately 18.25% of the issued and outstanding common shares were represented at the Annual Meeting of Shareholders held on June 26, 2025 [6]. - All nominees for election as directors were elected with high approval rates, ranging from 98.57% to 99.50% [7]. - Shareholders also approved the reappointment of Forvis Mazars S.E.N.E.R.L as the auditor of HPQ Silicon [7]. Company Overview - HPQ Silicon Inc. is focused on innovation in advanced materials and critical process development, aiming to achieve net-zero goals through partnerships with technology leaders [10]. - The company is developing proprietary technologies for low-cost manufacturing of fumed silica and high-purity silicon, as well as innovative hydrogen production processes [13].
HPQ Silicon Fast-Tracks North American Battery Production—Targets Q3 Launch
Globenewswire· 2025-07-09 11:00
Core Viewpoint - HPQ Silicon Inc. has signed a new industrial agreement with Novacium to accelerate the commercialization of its high-performance battery technology in North America, shifting to a concurrent production model to enhance market entry speed [1][2][4]. Group 1: Agreement and Production Strategy - The initial two-phase rollout plan has evolved into a concurrent production model, allowing HPQ to launch its battery production operations alongside Novacium [2]. - The new strategic agreement signed on July 2, 2025, enables HPQ to produce its first GEN3-based battery cells in parallel with Novacium, aiming to meet market demands more swiftly [4][5]. Group 2: Market Interest and Technology - Following Novacium's announcement of industrial-scale production of high-performance battery cells, HPQ has garnered significant interest from North American stakeholders, prompting discussions for faster deployment of GEN3 battery technology [3]. - HPQ's production will utilize Novacium's advanced technology transfer, which has successfully integrated GEN3 anode material into standard industrial battery manufacturing lines, enhancing energy density and cycling performance [7]. Group 3: Future Outlook and Goals - HPQ aims to deliver high-performance 18650 (4,000 mAh) and 21700 (6,000 mAh) batteries to the North American market by the end of Q3 2025, unlocking the commercial value of its exclusive license [5]. - The collaboration with Novacium reflects HPQ's strategic shift towards agile partnerships to expedite the commercialization of innovative technologies [8].
HPQ’s Latest Pilot Test Delivers Higher-Purity, Higher-Quality Fumed Silica While Validating Semi-Continuous Reactor Operation
Globenewswire· 2025-07-03 11:00
Core Insights - HPQ Silicon Inc. has successfully completed Phase 1 Test 5, achieving significant advancements in the production of fumed silica, which is a critical material for various applications [1][3][7] Group 1: Production Milestones - The company has successfully implemented a semi-continuous feedstock feeding protocol in its proprietary Fumed Silica Reactor (FSR) pilot plant, marking a key step towards commercial validation [2] - The production and collection of material in the dedicated product recovery unit (baghouse) were successfully replicated during this phase [2] Group 2: Quality Improvements - Material analysis from the Leading Global Fumed Silica Manufacturer (LGFSM) confirmed a 20-fold scale-up of the Fumed Silica Reactor, validating the transition from lab to pilot scale and from batch to semi-continuous production [3] - Carbon-based impurities in the produced fumed silica were reduced by 85%, while other impurities saw reductions ranging from 50% to 86% [6] - The material's surface area increased by 57%, indicating a substantial enhancement in product performance characteristics [6] Group 3: Future Testing and Goals - Phase 2 testing will focus on further improving the material's surface area, with the goal of achieving BET surface areas up to 300 m²/g [4] - The company is optimistic about overcoming remaining technical challenges to achieve the targeted surface area range with the FSR [5]
Novacium Launches Industrial Production of High-Performance Batteries Incorporating Its Silicon-Based Anode Material
Globenewswire· 2025-06-18 11:30
Core Viewpoint - HPQ Silicon Inc. and its partner Novacium have successfully launched the industrial production of cylindrical lithium-ion battery cells using a third-generation silicon-based anode material, marking a significant advancement in battery technology and production capabilities [1][2][5]. Group 1: Technology and Production - Novacium has initiated large-scale production of cylindrical lithium-ion battery cells, specifically the 18650 and 21700 formats, with capacities of 4,000 mAh and 6,000 mAh respectively, which are among the highest performance levels available in the market [2][3]. - The GEN3 silicon-based anode material has demonstrated strong performance, attracting interest from key players in various sectors including mobility, consumer electronics, telecommunications, and defense [2][3]. - The production process has been accelerated due to a partnership with a leading industrial player, allowing for rapid integration of the GEN3 technology into existing manufacturing lines [3][4]. Group 2: Market Position and Strategy - The strategic acceleration in production is a direct response to strong market interest, with the goal of delivering commercial units and formalizing partnerships by the end of Q3 2025 [3][5]. - HPQ Silicon, as the exclusive North American licensee of the GEN3 technology, is preparing for local production to meet the growing battery demand in North America [5][7]. - The collaboration between HPQ and Novacium is positioned to generate revenue and expand investment potential, marking a pivotal milestone in the monetization of their technology portfolio [5][7]. Group 3: Company Background - Novacium is a green technology start-up based in Lyon, France, founded through a partnership between HPQ Silicon Inc. and three French research engineers, focusing on developing proprietary technologies in renewable energy [8][9]. - HPQ Silicon Inc. is a Quebec-based technology company specializing in advanced materials and critical process development, aiming to achieve net-zero goals through innovative technologies [10].
HPQ, Novacium, and Pragma Industries Sign Agreement for Commercial and Industrial Green Hydrogen Production Using METAGENE™ Technology
Globenewswire· 2025-06-10 11:30
Core Insights - The strategic partnership between HPQ Silicon Inc., NOVACIUM SAS, and Pragma Industries aims to commercialize METAGENE™ green hydrogen production systems to meet increasing market demand [1][2][7] - METAGENE™ technology allows for the autonomous production of hydrogen without the need for electricity or heavy infrastructure, producing 1.25 m³ of hydrogen per kilogram of fuel [3][6] - The collaboration will focus on integrating METAGENE™ into Pragma's sustainable mobility solutions, particularly for last-mile transportation and hydrogen-powered drones [5][7] Company Overview - HPQ Silicon Inc. is a technology company focused on advanced materials and critical process development, with a partnership with NOVACIUM to innovate in renewable energy technologies [1][13] - NOVACIUM SAS is a green technology start-up specializing in developing proprietary technologies linked to renewable energy, founded by experts in the field [11][12] - Pragma Industries is a leader in hydrogen-powered soft mobility solutions, dedicated to sustainable urban transportation and reducing carbon emissions [10] Technology Highlights - METAGENE™ technology utilizes a non-explosive aluminum-silicon alloy for hydrogen production, making it suitable for light mobility applications [3][6] - The technology's ability to generate hydrogen on demand without traditional constraints opens new deployment models for various applications, including mobility and industrial use [9] - A pilot phase for the integration of METAGENE™ production stations is planned for late 2025 to early 2026, targeting a production capacity of 10 kg of hydrogen per day [7][9]
HPQ Silicon Reinstated for Trading
Globenewswire· 2025-05-16 20:56
Core Points - HPQ Silicon Inc. has announced the reinstatement of trading in its securities effective May 20, 2025, following the resolution of a Cease Trade Order issued by the Autorité des marchés financiers (AMF) [1][4][5] - The AMF lifted the Cease Trade Order after reviewing HPQ's audited annual financial statements for the year ended December 31, 2024, and found no material discrepancies [4][5] - The TSX Venture Exchange confirmed that HPQ meets the listing requirements for a Tier 2 technology issuer, changing its classification from Tier 1 to Tier 2 [5] Company Developments - HPQ Silicon is focused on developing next-generation processes for advanced material manufacturing, particularly in green technologies [1][7] - The company is working on five key pillars, including the production of fumed silica, silicon-based anode materials for batteries, low carbon hydrogen production, transforming black aluminum dross, and high purity silicon production [8]