MONTREAL, Oct. 31, 2022 (GLOBE NEWSWIRE) — HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX VENTURE:HPQ)(FRANKFURT:O08)(OTC:HPQFF), an innovative silicon solutions and technology development company, wishes to inform shareholders that it has also recently observed unusual trading activity in its common stock .

HPQ does not normally comment on stock prices and/or trading activity.

Given the unusual market activity over the last week in connection with inquiries from investors – asking for clarification of the identity of a seller; After anonymous people on social media claimed the seller was PyroGenesis, HPQ management had no choice but to:

1. Confirm that all material disclosures have been made by the company in either its press releases or quarterly reports, and
2. Let shareholders know that, contrary to claims made on social media, PyroGenesis Canada Inc. was not the seller behind last week’s unusual trading activity.

HPQ contacted PyroGenesis about the sales and they confirmed that they were not the seller of said HPQ stock and that PyroGenesis does not and has never had brokerage accounts with Scotia, the brokerage house from which much of the unusual trading activity originated.

PyroGenesis issued the following statement regarding their strategic investment in HPQ:

“There is no doubt that PyroGenesis views its strategic investment in HPQ as one that we intend to build on over time,” explained Mr. Fr. Peter Pascali, CEO of PyroGenesis Canada Inc. “Although from time to time we may be a buyer or seller in the market for HPQ stock, our strategic position is to add to our position when appropriate. However, we would like to confirm that we do not have brokerage accounts with Scotia and therefore cannot be behind the trading activity described above.”

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