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MONTREAL, Jan. 24, 2024 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. ("HPQ" or the "Company") (TSX-V: HPQ) (OTCQB: HPQFF) (FRA: O08), a technology company specializing in the green engineering of silica and silicon-based materials is pleased to announce to its shareholders that it has entered into a new multi-party commitment with ARQUUS, along with its French affiliate, NOVACIUM SAS ("Novacium"), and LN INNOV' SAS ("LN INNOV'") of Toulouse, France (refer to the press release of September 26, 2023).

The aim of this multi-party commitment is to initiate discussions exploring the potential cooperation for integrating Novacium's new hydrogen production system (refer to the press release of September 7, 2023) into ARQUUS company vehicles.

Within the Volvo Group, ARQUUS is a company engaged in the design, development, manufacturing, marketing, and support of tactical and logistic vehicles, whether armored or not, along with their associated equipment. These products are tailored to meet the requirements of armed and security forces, both in France and internationally.

HARNESSING HYDROGEN POTENTIAL WHILE ELIMINATING LIMITING FACTORS

Unlike traditional electrolysis-based hydrogen production systems, Novacium's process operates without the need for electricity, extensive storage, and complex transportation infrastructure, offering a truly autonomous solution. Furthermore, the hydrogen produced by the chemical process directly reaches industry-standard pressure levels, typically ranging from 200 to 1,000 bars.

"This innovative approach aims to unlock the hydrogen stored in water using eco-friendly and low-cost alloys, providing an alternative, safe, and efficient means of hydrogen production," said Mr. Jed KRAIEM PhD, COO of Novacium. "We are confident that our simple and secure method of hydrogen production will unlock the potential of hydrogen as a safe and clean on-site energy source for a variety of industrial and military applications."

The dual-application process, designed for military and civilian uses, addresses potential clients, like ARQUUS, need for a low-carbon footprint, on-demand, high-pressure autonomous hydrogen production system deployable anywhere globally, even under off-grid conditions, with safety as a top priority.

"The signing of this multi-party commitment with the ARQUUS Company represents a first step in the commercialization of Novacium's hydrogen manufacturing process. We are excited about its potential to transform hydrogen's role, as safe and clean energy on-site source in various industrial applications," said Mr. Bernard Tourillon, President and CEO of NOVACIUM SAS and HPQ Silicon Inc.

"Hydrogen: an opportunity for France and its armed forces. The energy transition to hydrogen is a real windfall for France. It offers major economic opportunities, strengthens the country's energy sovereignty and renews the techno-industrial training capacity of the Armed Forces," said Mrs. Nathalie MAZEAU, LN INNOV' CEO. "With its experience in autonomous energy systems, LN INNOV' wishes to democratize this technology through its simplified use and logistics, essential markers for its success."

About NOVACIUM SAS

Novacium is green technology startup based in Lyon, France started in Q3 2022. It is the result of a partnership between three of France's leading research engineers, Mr. Jed KRAIEM PhD, Novacium's Chief Operating Officer ("COO"), Mr. Oleksiy NICHIPORUK PhD, Novacium's Chief Technical Officer ("CTO"), and Mr. Julien DEGOULANGE PhD, Novacium's Chief Innovation Officer ("CIO"), who wanted to start a new Research and Development company to develop their own technology in high added value fields connected to renewable energy, and HPQ Silicon Inc, a Canadian company, looking to expand the depth and reach of technical team in order to develop its silicon and new renewable energy projects.

About LN INNOV' SAS

LN INNOV' is a French networking company with a strong presence in various sectors, including Defense. As part of her consulting activities, LN INNOV' has developed an expertise in supporting companies and connecting them with defence manufacturers with regard to energy projects. LN INNOV' seeks to facilitate access to innovative energy projects, such as the one proposed by Novacium and HPQ, among key industry players in their network in order to accelerate the transition of innovative projects from the research and development phase to commercialization.

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

HPQ is developing, with the support of world-class technology partners PyroGenesis Canada Inc. and NOVACIUM SAS, new green processes crucial to make the critical materials needed to reach net zero emissions.

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

For more information, please visit HPQ Silicon web site.

Disclaimers:
This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's ongoing filings with the security's regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

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

This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.

Source: HPQ Silicon Inc.

For further information 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