500 Cycles Major Milestone: Novacium’s Silicon-Based Anode Batteries Demonstrate High Capacity and High Durability, by @GlobeNewswire

18650 batteries with GEN3 silicon-based materials deliver unmatched capacity and durability ^[1], providing 3,301 milliampere-hours (mAh) of capacity with 85% retention after 500 cycles ^[²^]
Results are 22% higher than the 100% graphite benchmark (2,708 mAh), and 10% above the advertised 3,000 mAh starting capacity of MuRata's high-performance US18650VTC6 battery ^[³^]
The results are generating industry-wide interest from battery manufacturers, graphite companies, and industrial groups, with at least 15 new Non-Disclosure Agreements (NDAs) signed or in progress ^[⁴^]

MONTREAL, Oct. 31, 2024 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company specializing in green engineering of silica and silicon-based materials, is pleased to update shareholders on the latest battery milestones achieved by its France-based affiliate, NOVACIUM SAS (Novacium).

After 500 cycles of rigorous testing protocols ^[⁵^] (0.5C cycling at 25°C), the Lithium-ion 18650 batteries made with a blend of graphite and Novacium’s GEN3 silicon-based anode material showed unmatched capacity and durability, achieving a 22% capacity improvement compared to graphite benchmarks with 85% capacity retention. Furthermore, analysis suggests that minor process modifications could reduce degradation to below 10% after 500 cycles.

“These outstanding results represent a major technical milestone, demonstrating our technology's potential to significantly enhance energy density and extend lithium-ion battery lifespan without costly retooling or overhauls of existing manufacturing processes,” said Dr. Jed Kraiem, COO of Novacium. “Our projection models continue to indicate that by the 1,000-cycle mark, GEN3 material performance should match the projected graphite benchmark at that stage ^[⁶^].”

Pushing Battery Performance and Coulombic Efficiency with Silicon-Based Anodes at 500 cycles

Image 1 (Graph 1 A and 1B) at 500 cycles_ENG_V2_(WITHOUT LEGEND)

Graph 1A highlights the superior capacity (in mAh) of 18650 batteries made with Novacium's GEN3 material (yellow line) compared to the 100% graphite benchmark (blue line) over 500 cycles. Batteries utilizing GEN2 (green line) and GEN1 (orange line) materials, on the other hand, fail to maintain performance beyond the 200-cycle mark. At 500 cycles, the data shows that GEN3 batteries sustain an average capacity of 3,301 mAh, significantly outperforming the graphite benchmark’s 2,708 mAh.

Graph 1B provides a closer look at the performance degradation (or Coulombic efficiency ^[⁷^]) of the GEN3 silicon material over 500 cycles, showing a capacity retention of 85% compared to the graphite benchmark's 97%—a 12% difference. Specifically, after 500 cycles, the absolute capacity of GEN3 batteries (yellow line) decreased from 3,883 mAh to 3,301 mAh, while the graphite benchmark (blue line) exhibited a slight reduction from 2,780 mAh to 2,708 mAh.

The data in Graph 1B reveals that between the 300 and 500-cycle mark, batteries made with Novacium's GEN3 material showed a 7.9% drop (from 93.0% to 85.1%) compared to the graphite benchmark 1.1% capacity degradation (from 98.0% to 96.9%).

“I am thrilled by the capacity and durability shown in our results so far, and the path we've identified to further improve them,” added Dr. Kraiem. “This truly confirms the value of the battery expertise we’ve developed and the silicon anode research we’ve conducted over the past year.”

GEN3 Silicon-Based Materials Offer Real-World Solutions for Enhanced Performance

Representatives from a NATO member country have approached Novacium to explore whether our GEN3 silicon-based anode materials could enhance the operational capacity of their SYNAPS-H tactical radio's battery pack.

As demonstrated in the image below, replacing the six 18650 cells currently used in their tactical radios with six 18650 cells with Novacium's GEN3 silicon-based anode materials would boost available energy by 33%, increasing the watt-hours (Wh) from 75 Wh to 100 Wh.

Image 2 Real-World Solutions for Enhanced Performance
Image 2) Real life example of potential application of our 18650 batteries

“Our battery material has the potential to offer real-world solutions to market participants, and this is the catalyst for the growing interest we are receiving from various industries,” said Bernard Tourillon, President and CEO of HPQ Silicon Inc. and NOVACIUM SAS. “As we advance in developing proprietary processes, HPQ will be positioned to manufacture silicon-based anode materials with low operating and capital costs and a minimal carbon footprint, solidifying HPQ and NOVACIUM as key players in delivering next-generation energy solutions that meet the industry's performance and sustainability goals.”

REFERENCE SOURCES

[1]	Management's opinion is based on a review of capacity and durability data from commercially available 18650 batteries manufactured by Murata, Panasonic: NCR18650G-datasheet-specifications and Samsung INR18650-35E Battery.
[2]	Novacium technical team analysis of the data from the ongoing charging and discharging cycle tests conducted at a world-leading university, the name of which is kept confidential for competitive reasons.
[3]	Link to the source of the information on MuRata Manufacturing high-performance US18650VTC6
[4]	To maintain confidentiality for competitive industry reasons, the identities of the parties involved in the NDAs will remain undisclosed.
[5]	Cycling parameters from: Ratnakumar Bugga et al. “Performance of Commercial High Energy and High Power Li-Ion Cells in Jovian Missions Encountering High Radiation Environments”, NASA Battery Workshop November 19-21, 2019.
[6]	Novacium’s technical team has used data from the ongoing charge-discharge cycle tests to build a model projecting future battery performance up to 1,000 cycles. These projections will be updated as new cycling results are received.
[7]	Link to information on what is Coulombic efficiency.

About NOVACIUM SAS

Novacium is an HPQ - affiliated company that started in Q3 2022. This green technology startup is based in Lyon, France and is a partnership with HPQ and three of France’s leading research 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 new Research and Development company which allows researchers to develop their own technology in high-added-value fields connected to renewable energy and allows HPQ Silicon Inc. a Canadian company, to expand the depth and reach of its technical team to help develop its silicon and new renewable energy projects.

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:

	1)	Becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the FUMED SILICA REACTOR, a proprietary technology owned by HPQ Silica Polvere Inc being developed for HSPI by PyroGenesis.
	2)	Becoming a producer of silicon-based anode materials for battery applications with the assistance of NOVACIUM SAS.
	3)	HPQ SILICON affiliate NOVACIUM SAS is developing a low carbon, chemical based on demand and high-pressure autonomous hydrogen production system.
	4)	Becoming a zero CO₂ low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using our *PUREVAP*^TM “Quartz Reduction Reactors” (QRR), a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis.

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

Photos accompanying this announcement are available at:
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