HPQ Silicon Inc V.HPQ

Alternate Symbol(s): HPQFF

HPQ Silicon Inc. (HPQ) is a Canada-based technology company specializing in green engineering of silica and silicon-based materials. The Company is engaged in developing, with the support of technology partners PyroGenesis Canada Inc. (PyroGenesis) and Novacium SAS, new green processes to make the critical materials needed to reach net zero emissions. Its activities are centered around the three pillars: becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the Fumed Silica Reactor, a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis; becoming a producer of silicon-based anode materials for battery applications with the assistance of Novacium SAS, and Novacium SAS is engaged in developing a low carbon, chemical base on demand and high-pressure autonomous hydrogen production system. The Company operates in a single operating segment, segment, being the sector of the transformation of quartz into silicon materials and derivative products.

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HPQ Silicon Inc > Royalty from PYR to HPQ?

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Comment by developbcon Mar 18, 2021 1:17am

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Post# 32823736

RE:RE:RE:RE:RE:Royalty from PYR to HPQ?

No first right of refusal of applications outside of silicon and silicon nano-powders. It's up to hpq to want to offer or not. Hpq standing agreement with PyroGenesis still stands on solid ground and will continue to.

electriqueman wrote: If HPQ says NO to PYR than bye bye HPQ... PYR will buyout HPQ if they refuse...

developbc wrote: First right of refusal means HPQ has prioritiy over anyone....so Only AFTER a bona fide offer 30 days to exercise this right.

electriqueman wrote:
So, if I understand correctly, PYR does not owe anything to HPQ to use the PURE-Vap (developed for HPQ) if it is not used to transform silicon.

But HPQ has 30 days from tomorrow to do what? Does HPQ have 30 days to tell PYR whether or not he agrees to use it to process dross? I think HPQ has nothing to say, right?

developbc wrote:

electriqueman wrote:
I don't think I'm wrong but, the PURE-VAP belongs to HPQ?

Does HPQ have all the patents on the PURE-VAP?

Because if PYR wants to use the PURE-VAP to transform the aluminium residues (dross) coming out of the DROSRITE then, PYR will have to pay a royalty to HPQ?

PyroGenesis will retain a royalty-free, exclusive, irrevocable worldwide license to use the process for purposes other than the production of Micron size and Nano size Silicon Powders and Silicon Nanowires. Should PyroGenesis be approached by any other parties for any research and development or commercial purposes outside of the Field, HPQ NANO shall have a right of first refusal, provided that, however, HPQ NANO exercise its right of first refusal within thirty (30) days of PyroGenesis receiving a bona-fide offer.