HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ,
OTCQB: HPQFF, FRA: O08), a technology company
specializing in green engineering of silica and silicon-based
materials is pleased to announce the latest significant battery
milestones achieved by its France-based affiliate, NOVACIUM SAS
("Novacium").
This announcement covers the results of 50 charge-discharge
cycle tests conducted to simulate real-world usage and assess the
durability and longevity of the latest batch of Lithium-ion 18650
commercial batteries, made with a blend of graphite and Novacium’s
partially optimized GEN3 advanced silicon-based anode material. The
18650 GEN3-based batteries performed remarkably well, with an
overall capacity improvement of about 40% compared to a graphite
benchmark.
It should be noted here that this performance is 25% higher than
that of the previous GEN1 material and 15% higher than that of the
GEN2 material, with performance degradation so minimal compared to
the graphite benchmark that it falls within the margin of
error.
“Producing 18650 battery cells that excel in charge-discharge
cycle testing and exceed 4,000 mAh under maximum discharge
conditions (July 30th, 2024, release) further confirms our position
as a top-tier producer of advanced silicon anode material,” said
Dr. Jed Kraiem, COO of Novacium. “Based on these results and the
data we’ve gathered, we are confident that we can continue
improving our material, and that GEN4-based 18650 batteries could
exceed the 4,400 mAh mark."
Enhancing Battery Performance with Silicon-Based Anode
Materials
Graph 1) the blue line shows the average capacity
of 100% graphite batteries, the orange line, the average capacity
of GEN1 batteries, and the green line the average capacity of GEN 2
batteries, over 150 charge-discharge cycle testing [1] while the
yellow line shows the average capacity of GEN3 batteries over 50
charge-discharge cycle testing [1]. All readings are in
milliampere-hours (mAh).
Graph 1 shows batteries made with Novacium GEN3 materials
registered significantly higher capacities over the first 50 cycles
than those made with GEN2 and GEN1 materials, as well as the 100%
graphite benchmarked batteries.
The average capacity of three 18650 batteries made with Novacium
GEN3 materials (yellow line) started at 3,883.0 mAh and decreased
to 3,864.8 mAh by the 50th cycle. In comparison, batteries made
with Novacium GEN2 materials (green line) started at 3,370.1 mAh
and decreased to 3,356.0 mAh, while those with GEN1 materials
(orange line) started at 3,145.5 mAh and dropped to 3,105.4 mAh.
Finally, the average capacity of three 18650 batteries made with
100% graphite (blue line) started at 2,780.0 mAh and decreased to
2,769.1 mAh by the 50th cycle.
Therefore, after 50 cycles, GEN3 silicon-based batteries show an
overall capacity improvement of approximately 40% compared to the
graphite benchmark, 25% compared to GEN1 material, and 15% compared
to GEN2 material.
Silicon-Based Anode Materials delivering graphite-like
battery degradation results at 50 cycles
Graph 2) the blue line shows the relative
capacity of 100% graphite batteries, the orange line the relative
capacity of GEN1 batteries, and the green line the relative
capacity of GEN 2 batteries, over 150 cycles [1]. While the yellow
line shows the relative capacity of GEN 3 batteries over 50 cycles
[1].
Graph 2 shows that the performance degradation for GEN3 advanced
silicon material over 50 cycles is minimal, with a retention of
99.59% compared to the graphite benchmark at 99.61%. This
difference falls within the testing protocol's margin of error.
“Achieving these results with full-size 18650 industrial
batteries at 50 cycles further showcases Novacium's ability to
produce advanced silicon anode material that significantly enhances
overall battery performance and integrates seamlessly into existing
anode manufacturing facilities,” said Mr. Bernard Tourillon,
President and CEO of HPQ Silicon Inc. and NOVACIUM SAS. “This
seamless integration means that manufacturers can adopt this
advanced silicon anode material without needing expensive retooling
or process overhauls. It ensures a smoother transition, reduces
downtime, and minimizes additional costs, ultimately accelerating
the deployment of high-performance batteries in the market."
REFERENCE SOURCES
[1] |
Novacium technical team analysis of the data from the ongoing
charging and discharging cycle tests conducted at a world-leading
university, the name of which is kept confidential for competitive
reasons. |
About NOVACIUM SAS
Novacium is an HPQ - affiliated company that
started in Q3 2022. This green technology startup is based in Lyon,
France and is a partnership with HPQ and three of France’s leading
research engineers, Dr. Jed KRAIEM PhD, Novacium's Chief Operating
Officer (“COO”), Dr. Oleksiy NICHIPORUK PhD, Novacium's Chief
Technical Officer (“CTO”), and Dr. Julien DEGOULANGE PhD,
Novacium’s Chief Innovation Officer (“CIO”). Novacium is a new
Research and Development company which allows researchers to
develop their own technology in high-added-value fields connected
to renewable energy and allows HPQ Silicon Inc. a Canadian company,
to expand the depth and reach of its technical team to help develop
its silicon and new renewable energy projects.
About HPQ Silicon
HPQ Silicon Inc. (TSX-V: HPQ) is a
Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer.
HPQ is developing, with the support of
world-class technology partners PyroGenesis Canada Inc. and
NOVACIUM SAS, new green processes crucial to make the critical
materials needed to reach net zero emissions.
HPQ activities are centred around the following
four (4) pillars:
1) |
Becoming a green low-cost (Capex and Opex) manufacturer of Fumed
Silica using the FUMED SILICA REACTOR, a
proprietary technology owned by HPQ Silica Polvere Inc being
developed for HSPI by PyroGenesis. |
2) |
Becoming a producer of silicon-based anode materials for battery
applications with the assistance of NOVACIUM SAS. |
3) |
HPQ SILICON affiliate NOVACIUM SAS is developing a low carbon,
chemical based on demand and high-pressure autonomous hydrogen
production system. |
4) |
Becoming a zero CO2 low-cost (Capex and Opex) producer of High
Purity Silicon (2N+ to 4N) using our
PUREVAPTM “Quartz
Reduction Reactors” (QRR), a proprietary technology owned
by HPQ being developed for HPQ by PyroGenesis. |
For more information, please visit HPQ Silicon
web site.
Disclaimers:
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 Inc.For further
information contact: Bernard J. Tourillon, Chairman,
President, and CEO Tel +1 (514) 846-3271Patrick Levasseur, Director
Tel: +1 (514) 262-9239Email: Info@hpqsilicon.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f47e8234-29d6-47e1-823c-2f92f22fc42b
https://www.globenewswire.com/NewsRoom/AttachmentNg/e3007189-571d-4c00-ac12-b0ad10127da9
HPQ Silicon (TSXV:HPQ)
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