First Generation of Advance Silicon-Based Anode Material Continues Delivering Strong Performance

• 18650 batteries screening continues to provide 14%efficiency enhancement versus graphite criteria batteries with very little battery deterioration rates at 125 cycles ^[1]

MONTREAL, April 18, 2024(GLOBE NEWSWIRE)– HPQ Silicon Inc. (“HPQ”or the”Company “)(TSX-V: HPQ(OTCQB: HPQFF(FRA: O08an innovation business concentrating on green engineering of silica and silicon-based products is pleased to reveal ongoing turning points attained by its France-based affiliate, NOVACIUM SAS (“Novacium”). This statement highlights the appealing arise from continuous cycle screening of’market requirement ‘18650 commercial batteries, especially at the 125-cycle mark. Furthermore, it presents the huge market chance for HPQ connected with sophisticated silicon-based anodes product production.

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“The reality that our very first generation of innovative silicon-based product continues to provide about 3,100 milliampere-hour (mAh)
of battery capability
after 125 cycles ^[[1] is an effective indicator of the industrial capacity of the products we are establishing for Advanced Mobile Technology applications, a US$ 228.9 B addressable market in 2023 ^[2],”mentioned Dr. Jed Kraiem Ph.D., COO of Novacium.“These outcomes highlight our capability to produce a mix of graphite and advanced crafted silicon anode product that can be flawlessly incorporated into existing anode production centers and used without needing adjustment by battery makers worldwide, all the while considerably boosting the battery efficiencies.”

CONTINUING TO DELIVER 14% BATTERY CAPACITY IMPROVEMENT AT 125 CYCLES

The information from Figure 1 listed below show that the 3 industrial-type batteries, which make use of Novacium’s very first generation of custom-engineered silicon product mix, (blue lines), continue to accomplish > > 14 %efficiency enhancement over 125 cycles. These batteries display a high discharge capability of around 3.10 Ampere-hours (Ah) (or about 3,100 mAh), going beyond the criteria set by 3 contrast batteries (red lines) which have a capability of about 2.65 Ah. These outcomes, verify and extend the approximate 14% improvement in full-battery capability compared to 100% graphite criteria batteries, that was observed in the previous 5, 25, 50 and 100 cycles screening.

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Figure 1 )reveals battery capability throughout 125 cycles tests of
HPQ and Novacium Gen 1 18650 commercial battery [1]

CONTINUING TO DELIVER VERY LITTLE BATTERY DEGRADATION AT 125 CYCLES

Arise from Figure 2 continue to show very little boost in the quantifiable cycle deterioration in between the batteries made totally of graphite (the red lines) and those integrating Novacium’s custom-engineered silicon-based product mix (heaven lines), in between the 100 cycles and the 125 cycles, as anticipated. The Novacium non-optimized very first generation of crafted silicon anodes product continue to provide outcomes within the variety of similar graphite batteries. These appealing outcomes have real life applications.

Figure 2)reveals the capability modification throughout 125 cycles tests

of HPQ and Novacium Gen 1 18650 commercial battery [1]

“The information created throughout screening continues to offer the vital details required to establish a boosted 2nd generation of innovative silicon-based product, that our company believe will enable us to provide even much better outcomes,” included Dr. Kraiem“This product is currently being made use of in the production of extra batches of 18650 batteries to be checked.”

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ADVANCE SILICON-BASED ENGINEERED ANODES MATERIAL
MARKET OPPORTUNITY

As pure graphite anodes have actually basically attained their optimum efficiency in regards to energy density [3]a pattern in the lithium battery market has actually been the intro of percentages (about 5%) of silicon oxide (SiOx) product into graphite composite electrodes. This fundamental SiOx product, mainly utilized in the fabrication of optical products, costs about US$ 15 per kg [4] and provides less than optimum outcomes.

While Silicon stays the most appealing prospect that can dramatically enhance the anode efficiency (more than 10 times), its commercial application is still extremely minimal due to unsolved concerns connected to volumetric growth or due to the use of really intricate and extremely costly options.

The manufacture of a crafted silicon-based anode product, such as the Novacium item, will allow the battery market to get rid of these issues and increase battery capability without substantial deterioration of the battery’s life time. Currently the market price of crafted silicon-based anode product is around US$ 75 to US$ 100 per kg [4]The Si-C product used CVD deposition of Silane product costs about US$ 300 per kg [4]which is not practical for huge commercial application.

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This brand-new truth is driving a rise in need for innovative silicon-based anode products. Since 2023, this market is valued in between US$ 1.1 billion [5] and US$ 2.7 billion [6]Its development potential customers show a prospective need of 300,000 lots by 2030, approximated at US$ 15 billion [5]according to one source, and US$ 131.6 billion in 2033 according to another source [7]

It is very important to highlight that silicon-based products for Li-ion batteries presently comprise a fairly little part, representing less than 10%, of the international need for graphite, which is mostly utilized in the manufacture of anode products for Li-ion batteries. This graphite market is approximated to be worth US$ 25 billion in 2023 [8]

“I continue to be exceptionally motivated by the outcomes to date; nevertheless, I am a lot more fired up about the capacity of our next generations of products,”revealed Mr. Bernard Tourillon, President and CEO of HPQ Silicon Inc. and NOVACIUM SAS. “These accomplishments unlock for HPQ to turn into one of the very first North American producers of advance crafted silicon-based anode products in a jurisdiction that supports these kinds of efforts as it intends to end up being a main center for battery product production in North America.”

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RECOMMENDATION SOURCES

[1]Novacium technical group analysis of the information from the continuous charging and releasing cycle tests performed at a world-leading university, the name of which is kept personal for competitive factors.

[2]According to Grand View Research, the international mobile application market size was valued at US$ 228.98 billion in 2023 and is anticipated to grow at a compound yearly development rate (CAGR) of 14.3% from 2024 to 2030. (Link to source)

[3]The Royal Society of Chemistry 2020 Sustainable Energy Fuels, 2020, 4, 5387– 5416

[4]Management approximates based upon personal estimate got for products by HPQ associated business.

[5]QY Research, SNE Research, Shinhan Securities/ NBM June 2023 Deck page 11

[6]The international silicon anode battery market is most likely to be valued at US$ 2.7 billion in 2023.
From Future Market Insights Global and Consulting Pvt. Ltd.

[7]According to Future Market Insights, the international silicon anode battery market is Estimated to Reach US$ 131.6 Billion by 2033.

[8]Based upon the analysis by Fact.MR, the worldwide graphite market is valued to be US$ 25.9 billion in 2023 and it is anticipated to grow at a CAGR of 8,5% to reach US$ 58,6 billion by the end of 2033. Link to source

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About NOVACIUM SAS

Novacium is an HPQ– associated business began in Q3 2022. This green innovation start-up is based in Lyon, France and is a collaboration with HPQ and 3 of France’s leading research study engineers, Dr. Jed KRAIEM PhD, Novacium’s Chief Operating Officer (“COO”), Dr. Oleksiy NICHIPORUK PhD, Novacium’s Chief Technical Officer (“CTO”), and Dr. Julien DEGOULANGE PhD, Novacium’s Chief Innovation Officer (“CIO”). Novacium is a brand-new Research and Development business which enables the scientists to establish their own innovation in high included worth fields linked to renewable resource, and permits HPQ Silicon Inc, a Canadian business, to broaden the depth and reach of its technical group to assist establish its silicon and brand-new renewable resource tasks.

About HPQ Silicon

HPQ Silicon Inc. (TSX-V: HPQ is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer.

HPQ is establishing, with the assistance of first-rate innovation partners PyroGenesis Canada Inc. and NOVACIUM SASbrand-new green procedures essential to make the crucial products required to reach net no emissions.

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HPQ activities are centred around the following 4 (4) pillars:

To learn more, please go to HPQ Silicon website

Disclaimers:

This news release consists of specific positive declarations, consisting of, without constraint, declarations including the words “might”, “strategy”, “will”, “quote”, “continue”, “prepare for”, “plan”, “anticipate”, “at the same time” and other comparable expressions which make up “positive info” within the significance of relevant securities laws. Positive declarations show the Company’s existing expectation and presumptions and undergo a variety of dangers and unpredictabilities that might trigger real outcomes to vary materially from those expected. These positive declarations include threats and unpredictabilities consisting of, however not restricted to, our expectations relating to the approval of our items by the market, our method to establish brand-new items and improve the abilities of existing items, our technique with regard to research study and advancement, the effect of competitive items and rates, brand-new item advancement, and unpredictabilities connected to the regulative approval procedure. Such declarations show the present views of the Company with regard to future occasions and undergo specific dangers and unpredictabilities and other dangers detailed from time-to-time in the Company’s continuous filings with the security’s regulative authorities, which filings can be discovered at www.sedar.com. Real outcomes, occasions, and efficiency might vary materially. Readers are warned not to position unnecessary dependence on these positive declarations. The Company carries out no responsibility to openly upgrade or modify any positive declarations either as an outcome of brand-new info, future occasions or otherwise, other than as needed by relevant securities laws.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is specified in the policies of the TSX Venture Exchange) accepts duty for the adequacy or precision of this release.

This News Release is offered on the business’sCEO Verified Discussion Foruma moderated social networks platform that makes it possible for civilized conversation and Q&An in between Management and Shareholders.

Source: HPQ Silicon Inc.
For more info contact:
Bernard J. Tourillon, Chairman, President, and CEO Tel +1 (514) 846-3271
Patrick Levasseur, Director Tel: +1 (514) 262-9239
Email: Info@hpqsilicon.com

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