HPQ Silicon Resources Inc. (“HPQ” or the “Company”)
(TSX-V: HPQ) (OTCQX: HPQFF) (FWB: UGE), an
innovative silicon solutions and technology development company, is
pleased to announce the signature of a Memorandum of Understanding
(“Agreement”) with EBH2 Systems SA, (“EBH2”) a Swiss company that
possesses a proprietary electrolysis technology that can
efficiently extract, from virtually any water source including salt
water, a Clean Hydrogen also called Green Hydrogen that can be used
to create low-cost electricity with no environmental impact.
EBH2
SYSTEMS SA DEVELOP A GREEN AND SCALABLE PROCESS TO PRODUCE
CLEAN HYDROGEN EBH2 has filled a provisional patent for
its new and novel process to make Green Hydrogen, a process that is
scalable and adaptable to numerous applications from various modes
of land and sea transport to single home dwellings, district wide
power generation and large-scale industrial applications. EBH2
first successfully tested prototype model has a clean energy
production capacity starting at 1 Megawatt of power that can be
produced over 7 days from 2 litres of water; sufficient energy to
power a typical three (3) bedroom suburban house. (LINK TO
VIDEO)
WORKING TOGETHER TO DEVELOP AN
INDUSTRIAL SCALE EBH2 SYSTEM TO
PRODUCE GREEN SILICON EBH2 believes it can scale to power
the planned high purity silicon and Nano silicon production by HPQ.
If successful, HPQ proposes to bundle the energy production
capability of EBH2 systems with its silicon production to further
reduce the environmental footprint of its developing high purity
silicon, nano powders, and other Renewable Energy
products. Under the Agreement HPQ can acquire a
perpetual world-wide license to sell or deploy the bundled HPQ
Technologies - EBH2 generator-based systems anywhere in the
world.
COMBINING FORCES TO ESTABLISH A NORTH
AMERICAN EBH2 GENERATOR SALES
CAPABILITY The Agreement establishes the terms of the
creation of a new Joint venture Company (“NEWCO”) owned by HPQ and
EBH2 that will market, sell and service EBH2 systems and products
in North America (Canada, Mexico, and the United
States). The potential cost and GHG reduction benefits
of the EBH2 first commercial size model are huge plus the units
could readily replace solar panels or standby generators for
homeowners. The global standby generator market is anticipated to
grow by 4.9% CAGR between 2021 and 2025, attaining US$ 1.3 billion
by 2025. North America has the largest market share at 33.87% in
2019, a market expected to grow with a CAGR of 3.7% to 2025.1
US DOE PUSHING FOR A REDUCTION IN CLEAN
HYDROGEN PRODUCTION COST TO US$1 PER
KILOGRAM To encourage new and creative solutions
to bolster clean energy production, the U.S. Department of Energy
has just launched what is described as an ambitious Hydrogen
Earthshot Program aimed at reducing the cost of clean hydrogen by
80% to $1 per 1
kilogram in 1
decade (by 2030).
EBH2
SYSTEMS PRODUCE CLEAN HYDROGEN FOR LESS THAN US$ 1
PER KILOGRAM Currently, production of
Clean Hydrogen from renewable energies (Green Hydrogen), cost about
US$5 per kilogram, giving Clean Hydrogen a cost disadvantage
compared to hydrogen produced using fossil fuels (Grey and Blue
Hydrogen) which have a US$1 per kilogram cost2. EBH2 is confident
its cost per kilogram to produce its Clean Hydrogen is less than
US$1, indicating that the EBH2 module already surpasses the
Hydrogen Earthshot program goals and is cost competitive compared
to fossil fuels base hydrogen. “HPQ has been at the forefront of
Silicon innovation development since 2015, yet the fact remains
that converting quartz into silicon is a highly energy intensive
process. EBH2 Systems SA, with their unique process to extract
hydrogen from water to generate cheap green energy present HPQ with
one of these games changing synergetic opportunities that we simply
could not overlook,” said Bernard Tourillon, President and CEO of
HPQ Silicon. “When EBH2 demonstrates that the system can do what
they say it will, HPQ will be incredibly well positioned to reduce
the cost and environmental footprint of making its silicon
materials all the while opening up new, and massive addressable
markets for a system that can produce cheaply green hydrogen, on
demand.”
ABOUT GREEN HYDOGENAccording to
Haim Israel, head of Thematic Investing Strategy at BofA Global
Research and lead author of its 103-page primer on hydrogen, this
time the excitement is justified. “We think we’re reaching an
inflection point where green hydrogen could supply our energy
needs, fuel our cars, heat our homes and be used in industries that
have no economically viable alternative to fossil fuels,” he says.
“Together with renewable electricity, green hydrogen gives us a
shot at attaining a zero-carbon-emission global economy by
2050.”3
Green hydrogen could provide up to 24% of our
energy needs by 2050, helping to cut emissions by around a third.
In doing so, the transition to green hydrogen could provide $11
trillion of infrastructure investment opportunities over the next
30 years and direct annual revenues of $2.5 trillion.4
According to the latest Hydrogen Insights
Updates from the Hydrogen Council in collaboration with McKinsey
& Company5. the deployment of hydrogen projects has seen
significant momentum as the technology is being considered a major
factor in the clean energy transition. In that regard, and as of
February 2021, over 131 large-scale Hydrogen projects have been
announced, bringing the current project pipeline to 359 with
investment along the value chain coming to an estimated $500
billion through 2030,
To date, ninety countries, comprising 80% of the
world’s GDP, now have commitments to meet net-zero emissions in the
coming decades, and more than 30 countries have hydrogen-growth
strategies. Favourable government commitments to fostering hydrogen
innovation combined with concerns over greenhouse gas emissions are
expected to continue to drive the demand for hydrogen, specifically
green hydrogen, forward.
SALIENT POINTS OF THE AGREEMENT BETWEEN
HPQ AND EBH2:
-
The transaction is subject to TSX Venture Exchange approvals.
-
HPQ will be granted by
EBH2 a perpetual world-wide
license to sell products where EBH2 generators are incorporated
into all HPQ Technologies, if the EBH2 generators are used
exclusively to autonomously power HPQ Technology or HPQ
Technologies. (“The HPQ-EBH2 Bundle License”).
-
HPQ and EBH2
agree to establish a new 50/50 joint enterprise (NEWCO) that will
be responsible to market, sell and service EBH2 systems and
products in North America. NEWCO will be granted by EBH2 a
perpetual exclusive licence to market, sell and service EBH2
systems and products in North America. (Canada, Mexico, and the
United States of America). HPQ will set up NEWCO as a Canadian
corporation, with both HPQ and EBH2 having fifty percent (50%)
shareholding.
-
OPTION TO ACQUIRE HPQ EQUITY STAKE IN NEWCO. HPQ
agrees that starting 5 years, but not exceeding 10 years, from the
date of the receipt of the first Commercial shipment of EBH2
systems ready for sales in North America by NEWCO, EBH2 can at any
time and at its sole discretion, elect to buy HPQ equity stake in
NEWCO by exchanging HPQ Equity stake in NEWCO for a perpetual eight
percent (8%) royalty, on the gross sales of NEWCO (“HPQ ROYALTY”),
royalty that shall be paid monthly, the 15th day of each month for
the gross sales made in the previous month.
-
ACQUISITION COST. HPQ agrees to pay EBH2 the
HPQ-EBH2 Bundle License in accordance with the payment schedule and
terms set forth below:
-
HPQ will make a cash payment to EBH2 of Five Hundred Thousand US
dollars (US$ 500,000) (“The Cash Component of the
transaction”),
-
HPQ will issue to EBH2 of 10,000,000 units (“Unit”) at a price of
C$0.70 Per Unit. (“The Equity Component of the transaction”). Each
Unit is comprised of one (1) common share and one (1) common share
purchase warrant (“Warrant") of HPQ. Each Warrant will entitle EBH2
to purchase one common share of the capital stock of HPQ at an
exercise price of $ 0.75 for a period of 36 months from the
date of closing of the Transaction. Each common share issued
pursuant to the Units will have a mandatory four (4) month and one
(1) day holding period from the date of its issuance.
The Equity Component of the transaction is subject to TSX Venture
Exchange and to standard regulatory approvals.
-
SCHEDULE OF PAYMENTS. EBH2 agrees that both the
Cash Component of the transaction and the Equity Component of the
transaction will be paid after an independent third-party has
validated that the EBH2 process works and can be scaled up to meet
the energy requirement of HPQ Technologies, based on the following
milestones:
-
An independent third-party, chosen by the Parties, will be mandated
to confirm that the EBH2 travel demonstration module can generate
1,000 Watts per hour (1 Kw per hour), 24 Kw per day, 168 Kw or 0.17
Mw of energy over 7 days from 1 litre of water (H2O). Upon receipt
of confirmation that the production and other milestones has been
met, the Cash Component of the transaction will be paid to EBH2 and
5,000,000 units of the Equity Component of the transaction will
also be issued to EBH2.
-
An independent third-party, chosen by the Parties will be mandated
to confirm that the EBH2 system can be scaled up to meet the energy
requirement of HPQ Technology. Upon receipt of a confirmation that
the production and other agreed milestones have been met, 4,000,000
units of the Equity Component of the transaction will also be
issued to EBH2.
-
Upon a successful demonstration that a EBH2 system can produce the
energy required to power up HPQ PUREVAPTM QRR pilot plant, the
remaining 1,000,000 units of the Equity Component of the
transaction will be issued to EBH2.
About EBH2
Systems SA. EBH2
Systems SA is a Swiss company located in Lausanne area which is
working on Hydrogen solutions that will be Powering a Healthier
future. Together with a researcher that has dedicated his life to
develop green Hydrogen technologies,
EBH2 has found the solution to produce
Hydrogen from virtually any water source including salt water.
EBH2 is scalable with no limits.
It can power a small domestic generator up to ships, factories,
buildings, cryptocurrency mines with high energy consumption and
even cities. EBH2 is one of the
solutions to reduce more than 15% of the emissions for 2021. For
more information, please visit EBH2 web site.
About HPQ Silicon ResourcesHPQ
Silicon Resources Inc. (TSX-V: HPQ) is a Quebec-based
innovative silicon solutions company that offers innovative silica
(SiO2), silicon (Si) based solutions and is developing a unique
portfolio of high value-added silicon (Si) products sought after by
battery and electric vehicle manufacturers.Silicon (Si), also known
as silicon metal, is one of today’s key strategic materials needed
for the decarbonization of the economy and the Renewable Energy
Revolution (“RER”). However, silicon does not exist in its pure
state and must be extracted from quartz (SiO2) in what has
historically been a capital and energy-intensive process.
With PyroGenesis Canada Inc. (TSX: PYR)
(NASDAQ: PYR), HPQ is developing:
-
the PUREVAPTM “Quartz
Reduction Reactors” (QRR), an innovative process (patent
pending), which will permit the one-step transformation of quartz
(SiO2) into high purity silicon (Si) at reduced costs, energy
input, and carbon footprint that will propagate its considerable
renewable energy potential.
-
Through its 100% owned subsidiary, HPQ NANO Silicon Powders Inc.,
the PUREVAPTM Nano
Silicon Reactor (NSiR) is a new
proprietary process that can use material produced by the QRR as
feedstock, to make a wide range of nano/micro spherical powders of
different sizes and nanowires.
-
Through its second 100% owned subsidiary, HPQ Silica POLVERE Inc.,
HPQ is developing a new plasma-based process that will allows a
direct Quartz to Fumed silica transformation, removing the usage of
hazardous chemical in the making of Fumed silica and eliminating
the Hydrogen Chloride Gas (HCI) associated with its
manufacturing.
For more information, please visit HPQ Silicon
web site.
Disclaimers:
The Corporation’s interest in developing the
PUREVAP™ QRR and any projected capital or operating cost savings
associated with its development should not be construed as being
related to the establishing the economic viability or technical
feasibility of any of the Company’s Quartz Projects.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 Resources Inc.
For further information
contact: Bernard J. Tourillon, Chairman, President and CEO
Tel +1 (514) 907-1011Patrick Levasseur, Vice-President and COO Tel:
+1 (514) 262-9239Email: Info@hpqsilicon.com
_________________________1 https://www.marketwatch.com/press-release/standby-generator-market-top-companies-business-growth-size-and-forecast-2025-2021-07-132
https://www.bofaml.com/en-us/content/esg-research/green-hydrogen-market-importance.html3 https://www.bofaml.com/en-us/content/esg-research/green-hydrogen-market-importance.html4 https://about.bnef.com/new-energy-outlook/5 https://hydrogencouncil.com/en/hydrogen-insights-updates-july2021/
Grafico Azioni ProShares Ultra Consumer... (AMEX:UGE)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni ProShares Ultra Consumer... (AMEX:UGE)
Storico
Da Dic 2023 a Dic 2024