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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.


TSXV:HPQ - Post by User

Post by Oden6570on Mar 18, 2021 5:35am
303 Views
Post# 32823874

Project Arrow aims to create Canada’s first zero-emissions

Project Arrow aims to create Canada’s first zero-emissions

Group moving history forward

Project Arrow aims to create Canada’s first zero-emissions car,

Project Arrow, an initiative of the Automotive Parts Manufacturers’ Association, aims to create Canada’s first zero-emissions vehicle. It is named after a colossal failure. And that’s no accident.

It’s eponym, the Avro Arrow, was a sleek fighter jet, touted as a feat of Canadian ingenuity before it was abruptly cancelled in 1959 by then-prime minister John Diefenbaker, for vague reasons apparently relating largely to cost and lack of demand.

The story became embedded in the national psyche as another example of lost opportunity and squandered potential.

APMA president Flavio Volpe says he’s not tempting fate. On the contrary, he wants to avenge this history.

Remember, the project’s founder says, the Avro Arrow flew twice as fast and twice as high as anyone else. The project’s spirit of innovation outlived the project itself.

“With our team, we can make something just as innovative,” he told the Star.

Project Arrow is Canada’s first swing at an energy-friendly, all-Canadian-made vehicle.

Spearheaded by the APMA and with the backing of the provincial and federal government, the initiative aims to sell Canada’s auto-parts savvy to the world and capitalize on an industry-wide pivot from gasguzzling to battery-powered cars.

It’s a once-in-a-generation opportunity for Canada, Volpe says.

Not in a century has North America seen a disruption in the automotive industry such as the one happening now.

The Big Three, U.S. automakers General Motors, Ford and Fiat Chrysler, are all steering into the all-electric, autonomous era at once.

Tesla, which produces its own electric cars, is expanding its operations vastly to produce lithium batteries to fuel energyefficient cars for consumers. And there are others doing this.

Project Arrow enlisted the help of several Canadian postsecondary schools to help engineer and design the vehicle, and has enlisted companies spanning several levels of the supply chain to help assemble it.

The substances for the battery technology will come from Quebec’s mines in Val d’Or and Madawaska, Volpe says.

The artificial intelligence and machine-learning components will be developed by companies in Montreal and Quebec City.

The hope is that budding Canadian startups will use the Project Arrow vehicle design to manufacture zero-emissions cars of their own, Volpe says.

“There’s never been a bigger opportunity for a new entrant, in the history of the automotive game,” said Volpe.

In the global automotive industry, Canada is not really known for its engineering prowess. It’s the ninth-largest auto-producing nation, and the fourth-largest auto exporter.

But it doesn’t hold a candle to the development ability of the U.S. or Japan or Germany. With the advent of the electric vehicle, Canadian manufacturers are hoping to carve out a larger space in the industry.

Alexandre Milovanoff, a postdoctoral researcher at the University of Toronto studying civil and mineral engineering, says Canada needs to begin developing and manufacturing electric vehicles now if it wants a place in the burgeoning industry.

“If we wait, it’s going to be too late to catch up,” he said.

Already, countries around the world are pouring investments into lithium-battery manufacturers and mining. China, the global producer of the batteries, produces 73 per cent of lithium annually, Milovanoff says. It’s closest competitor is the U.S., which produces 12 per cent.

To compete, Canada needs to invest heavily across the supply chain, from car manufacturing to nickel and lithium mining, Milovanoff says.

“While a country like China can rely on its local supply chains, (we should) note that the U.S. doesn’t have as many resources; it doesn’t have much cobalt, much lithium. That’s an opportunity for Canada,” Milovanoff said.

In January, GM announced a billion-dollar plan to build its new all-electric van in Ingersoll, Ont., the location of Canada’s first large-scale electric vehicle manufacturing plant for delivery vehicles.

Volpe says he hopes the investment will allow Canada to begin building a homegrown battery industry out of the country’s rare-earth resources.

Other obstacles hinder the dominance of the low-emissions vehicle. Consumers remain skeptical of the quality and cost of the vehicles. A recent survey conducted by Deloitte found that 45 per cent of future buyers in Canada hope to spend less than $35,000 on a low-emissions vehicle, still out of reach as most models range between $40,000 and $60,000.

Deloittee found that “range anxiety,” the fear a car’s battery may run out of charge while the driver is commuting, remains persistent among prospective buyers.

As electric vehicle production grows in scale, buyers will come around, says Volpe.

He hopes Canadian-made vehicles will be there to welcome them.


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