When HPQ put out their "news" yesterday, Pyrogenesis made this "announcement " ten minutes later:
Pyrogenesis is HPQ's biggest shareholder.
MONTREAL, Oct. 06, 2022 (GLOBE NEWSWIRE) -- PyroGenesis Canada... is pleased to confirm, that further to HPQ Silicon Inc’s (“HPQ” or the “Client”) press release of earlier today, the Gen3 PUREVAP™ Quartz Reduction Reactor (QRR) pilot plant (the “Gen3 PUREVAP™ Pilot Plant” or the “Pilot Plant”) has completed the month-long power-up process and is initiating its ground-breaking one-step transformation of quartz into high purity silicon, for the testing phase.
The GEN3 PUREVAP™ QRR pilot plant, the first state-of-the-art prototype of its kind, includes multiple systems that must operate under harsh conditions, at extremely high temperatures and under vacuum. It has now entered a test phase, which consists of a series of optimization and repeatability tests, with the ultimate goal of transforming quartz into high purity silicon.
“Completing the power-up and initiating operational testing of the pilot plant represents a major milestone in our relationship with HPQ and demonstrates our commitment to advancing the PUREVAP™ project while also underscoring our ability and dedication to bring real-world concepts from the lab to commercialization,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “Recent market events have drawn attention to the fact that silicon (Si), is one of the key strategic energy metals needed to achieve the goal of decarbonizing the economy by 2050. We could not be more proud to be a part of, and play an important role in, the development of GHG reduction technology. We firmly believe that the PUREVAP™ process will prove to be a game changer, and an enabling technology. "
The PUREVAP™ process is an innovative process that will enable the one-step conversion of quartz (SiO2) into high-purity silicon (Si) at reduced costs, energy input and carbon footprint that will propagate its considerable renewable energy potential. As part of the terms of the contract with HPQ, PyroGenesis benefits from a royalty payment representing 10% of the Client’s sales, with set minimums.