HPQ Silicon Believes Multiple Letters Of Intent Are Possible For Its Silicon Anode Battery Materials By Year End

In electric vehicle (EV) batteries, the anode serves as a critical component, acting as a storage vessel for lithium ions that are then released when the battery powers the car. Major players like Porsche, Mercedes, and GM are embracing this technology, recognizing its potential to revolutionise EV performance.  However, while silicon-based anode materials hold great promise for batteries, they are known to suffer from significant degradation during charging and discharging cycles. Solving this problem could open up a market for silicon anode materials that could reach $130B by 2033. ENTER HPQ SILICON INC. (TSX-V: HPQ) (OTCQB: HPQFF)  HPQ Silicon is positioning itself to become a key supplier of Silicon materials in battery anodes, which aligns with the US and Canadian government initiatives to establish domestic battery manufacturing ecosystems in an effort to reduce reliance on China.  Novacium, HPQ's France-based affiliate, owns patents enhancing anode material performance, particularly in silicon-based Lithium ion batteries.  With the pressing demand for domestic battery material suppliers, HPQ Silicon's advancements in silicon-based anode material position it as a crucial player in meeting the evolving needs of the electric vehicle industry while addressing supply chain vulnerabilities. A FURTHER BREAKTHROUGH IN BATTERY TECHNOLOGY: GEN3 ANODES DELIVER 39% GREATER CAPACITY AND NEAR-GRAPHITE PERFORMANCE In a pivotal development the company announced significant advancements with its GEN3 silicon-based anode materials. Partnered with its French affiliate, NOVACIUM SAS, HPQ has achieved a substantial leap in battery performance after 150 charge-discharge cycles. KEY MILESTONES IN BATTERY INNOVATION: Performance Edge: The latest tests on 18650 batteries equipped with GEN3 silicon anode materials show a remarkable 39% capacity improvement over conventional graphite batteries. Superior Retention: GEN3 batteries demonstrated a capacity retention of 97.8% after 150 cycles, closely matching the graphite benchmark's 98.8% retention. This minimal degradation underscores the material's effectiveness and durability. Market Relevance: These results position HPQ Silicon and NOVACIUM as frontrunners in the battery technology sector, with GEN3 material proving to be a viable and high-performance alternative to existing solutions. Dr. Jed Kraiem, COO of NOVACIUM, emphasised, “These results continue to confirm our unique position as one of the only producers of advanced silicon anode material that can deliver superior 18650 high-performance batteries.” The ability of GEN3 to achieve these results under real-world conditions further validates NOVACIUM’s expertise in high-performance battery technology. BATTERY DEVELOPMENT PROGRESS SHOULD LEAD TO MULTIPLE LETTERS OF INTENT Bernard shared exciting updates about HPQ’s battery technology, specifically their 18650 batteries. This advancement is expected to lower capital expenditures by extending the lifespan of existing equipment. With a rapid development cadence, HPQ anticipates hitting milestones of 200 and 250 cycles within just 14 to 20 days, showcasing the technology's potential and reinforcing its competitive edge in high-demand markets like electronic cigarettes. CEO Tourillon stated that previous results were so good that discussions have already started with players in the battery industry and he believes multiple letters of intent are possible before the end of 2024. FUMED SILICA PILOT PLANT On the fumed silica front, Bernard provided a positive outlook on the pilot plant’s progress. Although currently in a “boring phase” leading up to production, he reassured investors that the project is on track and without major issues. The company’s deliberate approach and prior experience position them well for success. There’s considerable interest from investors eager to finance additional plants, particularly if HPQ secures strategic off-take agreements.