HPQ Silicon Inc. Welcomes New Auditor to Enhance Oversight

HPQ Silicon Inc. Welcomes New Auditor for Enhanced Governance

HPQ Silicon Inc. (“HPQ” or the “Company”) is delighted to announce an important transition within its governance. Following the cessation of duties of KPMG S.E.N.C.R.L., the previous auditor, HPQ has appointed Forvis Mazars S.E.N.C.R.L. as its new independent auditor. This decision, effective from October 25, signifies a pivotal moment for the Company as it strives to improve its operational transparency and strengthen its financial foundations.

Commitment to Transparency and Growth

Bernard Tourillon, the President and CEO of HPQ Silicon Inc., expressed his enthusiasm about the appointment. "We are pleased to welcome Forvis Mazars as our new auditors, a step that symbolizes our renewed commitment to transparency, growth, and strategic development," he stated. The effective collaboration with the successor auditor is anticipated to bolster HPQ's operational integrity, vital for the continuous development of silicon-based technology critical to sustainable innovation.

Long-term Vision with New Partnership

The new audit partnership is expected to unlock avenues for collaboration with financial stakeholders who share HPQ's vision for environmental sustainability. This partnership arrives at a crucial time when industry practices demand greater accountability and efficiency. The Company is dedicated to exploring innovative methodologies that contribute significantly to the green economy.

HPQ Silicon's Business Pillars

HPQ is focused on developing green engineering processes tailored to produce critical materials necessary for achieving net-zero emissions. HPQ has established four central pillars that drive its operations:

1. Becoming a low-cost manufacturer of Fumed Silica using proprietary technology, essential for various industrial applications.
2. Producing silicon-based anode materials for battery production, aiming to support advancements in energy storage solutions.
3. Developing a zero-CO₂ production process for High Purity Silicon, facilitating cleaner industrial practices.
4. Partnering with innovative companies, such as PyroGenesis Canada Inc. and NOVACIUM SAS, to adopt new green processes and enhance the sustainability of its producible materials.

Strategic Collaborations Drives Innovation

Collaboration with world-class technology partners is crucial in HPQ's strategy. Together with PyroGenesis and NOVACIUM, HPQ is invested in developing cutting-edge technologies that minimize environmental impacts while maximizing efficiency. This collective effort not only reinforces HPQ's market position but also addresses the rising demand for sustainable materials in various industries.

Looking Ahead: Future Prospects for HPQ

As HPQ Silicon Inc. strides forward with its new auditor, the management is committed to realizing its future goals. The alignment with Forvis Mazars is the beginning of a transformative phase that promises to enhance shareholder confidence and operational agility. Given the importance of strategic oversight in navigating today’s complex market landscape, this transition comes at a critical juncture for HPQ.

Engagement with the Community

HPQ believes in the value of transparent communications with its shareholders and the wider community. To ensure stakeholders are kept informed, the Company will regularly update them on developments regarding its strategic goals, financial health, and operational advancements.

Frequently Asked Questions

What motivated HPQ to change its auditor?

The change in auditor was driven by a commitment to transparency and the desire to enhance operational governance, especially following the termination of the previous auditor.

Who is the new auditor of HPQ?

HPQ has appointed Forvis Mazars S.E.N.C.R.L. as its new independent auditor, effective October 25.

How will the new auditor impact HPQ’s operations?

The partnership with Forvis Mazars is expected to strengthen financial oversight, support growth strategies, and enhance transparency in reporting.

What are the core focuses of HPQ Silicon Inc.?

HPQ is focused on becoming a low-cost manufacturer of Fumed Silica, producing silicon-based anode materials, developing a zero-CO₂ production process for High Purity Silicon, and innovating green production processes.

How can shareholders stay updated about HPQ?

HPQ encourages shareholders to engage with the Company through regular updates, press releases, and participation in community discussions facilitated by management.

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