RE:RE:RE:RE:RE:RE:New interviewExcellent points IvanVanBeethoven. Keep in mind that Tekna Powders also abandoned their development and production of nano Silicon powders.
And like you mention IvanVanBeethoven, it is great having a President and CEO (Bernard) having flexibility with the development and production of various initiatives. The NSiR was definitely not a failure, and a lot of learning/experience is gained with this R&D.
IvanVanBeethoven wrote: To avoid deception and misinterpretation about the NSIR:
The exact quote of Bernard in the interview...
“The entire nano Si – experience was a complete failure of never been able to get one thing to kick any of the batteries.” What this means is that the use of nano-Si (synthesized, coated or whatever) cannot yet be (fully) implemented in batteries because of e.g. still showing fracturing on increasing number of cycle, to expensive, etc..
In other words, there is nothing wrong with the Nanosilicon Reactor (NSiR). It works just fine and delivered the materials which were asked for!
“By internally sourcing silicon feedstock materials, HPQ’s NSiR should be able to achieve low manufacturing cost while maintaining the flexibility to rapidly adapt the feed material to meet changing End-market requirements.
After a careful review of the Nano Silicon material market environment, the technology advancement and associated future development costs needed to get the PUREVAPTM Nano Silicon Reactor (NSiR) to a potential commercial stage, HPQ has advised its technology provider that it no longer intends to pursue the development of this technology.” Read here: Excerpt of MDA-2023, page 9. Fortunately, we have a smart CEO with a flexible mind. Bernard T. recognizes well in advance when something takes too much time, is too expensive to achieve, etc. He is also more than informed about other applications, opportunities and can therefore seize the next most obvious and logical opportunity in time. In this case, SiOx!
Mostlyserious wrote: Just for KrapShoet who alleges I am lying about the interview.
Here's a post about couple of things I said backed up by specific references to where they came from. Feel free to correct any inaccuracies. Do listen to the entire interview.
The explanation about Purevap NSiR comes from September 30, 2023 financial statements, Note 11.
Over to you KrapShoet. Explain how these facts are lies.
Mostlyserious wrote: Just after the 14 minute mark, Bernard states that the nano-silicon experience was a complete failure. Never been able to get one thing to kick in in any of the batteries. This is much, much closer to the actual quote than my paraphrase or interpretation.
Discussion after the 19 minute mark brings QRR into the picture. He states that QRR is not a prerequisite for the Novacium process. Maybe one day it can find itself somewhere in the value chain. Shortly after, he mentions that the price of Silicon flactuates and right now the feedstock can be obtained cheaper from the market than produced by the QRR, so QRR is not in play. Based on this, everyone can judge what the communicaed utility of QRR at this point is.
These are related statements from the interview. Feel free to correct any inaccuracies.