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PyroGenesis says partner HPQ Silicon inks NDA to exchange technical information with advanced materials developer

Under the deal, HPQ will send silicon samples produced by the PUREVAP Nano Silicon Reactor (NSiR) for energy storage applications

PyroGenesis Canada Inc. -
The PUREVAP NSiR process is being developed to address the fact that the current processes to make Nano Silicon (Si) powders are expensive and not very scalable

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) partner HPQ Silicon Resources Inc (CVE:HPQ) (OTC:URAGF) has signed a non-disclosure agreement (NDA) with an advanced materials developer. 

The deal is designed for the sharing of technical information and for HPQ to send silicon samples produced by the PUREVAP Nano Silicon Reactor (NSiR) for energy storage applications. 

“This NDA is further indication that the game changing potential of the PUREVAP NSiR process we are developing with PyroGenesis Canada Inc is attracting interest from participants involved in the energy storage race,” HPQ Silicon CEO Bernard Tourillon said in a statement. “Being able to start technical discussions before producing samples is an incredible advantage, as it allows us to better match our material characteristics with what market participants are looking for.”

READ: PyroGenesis' quality management system for metal powder production wins approval from aerospace company

Nano Silicon (Si) powders have been identified as the key element for the manufacturing of high-performance Li-ion batteries, the company said, which could deliver a 10x increase in the anode’s specific capacity.

The PUREVAP NSiR process is being developed to address the fact that the current processes to make Nano Silicon (Si) powders are expensive and not very scalable.

“Silicon’s potential to meet energy storage demand is undeniable and generating massive investments, and serious industry interest, so our timing could not be better,” Tourillon said. 

“Suffice it to say, we are very pleased to continue attracting such early interest. However, I must caution investors that although this agreement does signal the interest in our unique products, we are still at the very preliminary stages and there is no guarantee that anything of commercial value will materialize from these efforts. It does however demonstrate the potential for new and exciting advances by HPQ in the silicon energy space.”

PyroGenesis Canada owns an interest in HPQ Silicon. 

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: PyroGenesis Canada Inc.

Price: 3.57 CAD

TSX-V:PYR
Market: TSX-V
Market Cap: $550.02 m
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