PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) partner HPQ Silicon Inc announced the signing of a second non-disclosure agreement with an unnamed fumed silica manufacturer.
Under the agreement, HPQ's subsidiary, HPQ Silica Polvere Inc, in collaboration with technology provider PyroGenesis, shipped a second batch of fumed silica material produced using HPQ Polvere's proprietary Fumed Silica Reactor technology.
Third-party evaluation of the material's quality is currently underway, the company said in a statement.
Fumed silica, widely used across industries, including personal care, pharmaceuticals, and construction, holds a substantial global market demand.
HPQ Polvere aims to scale up its production capacity, moving from 50 kg per year at the lab scale to exceeding 250 TPY per reactor within the next 36 months.
“Strong third-party interest in our fumed silica material, expressed by various leading manufacturers early in our development, underscores the potential of our technology, our progress, and the value of our efforts,” HPQ CEO Bernard Tourillon said in a statement.
“While success is not guaranteed, these non-disclosure agreements (NDAs) and sample requests hold the potential to form partnerships in our venture, which could manifest in different ways, such as commercial-scale offtake agreements or generating interest in adopting our technology.”