Work on PUREVAP(TM) Silicon Metal Nano Reactor Continues as HPQ Provides Update on COVID-19 Outbreak Impact | 2020-03-30 | Press Releases | Stockhouse

BATTERY INDUSTRY INTEREST IN HPQ CONTINUES TO REMAIN STRONG

Despite the current circumstances, battery industry participants continue to inquire and demonstrate strong interest in our future upstream production capabilities. Specifically, we are seeing meaningful interest in using our PUREVAP™ RRQ Silicon Metal (Si) as feed stock to manufacture:

So much so that, as soon as possible once the COVID-19 business interruption ends, our primary focus will be on manufacturing sufficient quantities of material to deliver samples to battery manufacturers and research centres. Only once these goals have been attained will we re-deploy assets to the Gen3 Pilot Plant commissioning and testing program. This is the level of importance of this initiative.

“The COVID-19 outbreak, possible recession and low oil prices don’t change the long-term cyclical movement of the Renewable Energy Revolution (“RER”). HPQ is building a portfolio of unique High Value Silicon Metal products needed for the RER and the short-term business interruption we are experiencing has no bearing on the long-term potential of what we are doing. The continued interest in HPQ from the battery industry despite COVID-19 interruptions provides unequivocal evidence of this,” said Bernard Tourillon, President and CEO HPQ Silicon. “Interest in the potential for Silicon Metal’s potential to contribute to energy storage demand is undeniable and generating massive investments, as well as, serious industry interest. This was true before the COVID-19 outbreak and will be true after.”