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#Construction & Manufacturing All projects

HPQ: High Purity Quartz Production

The Number One Industrial Commodity-Backed ICO in Asia ‘2018

stage Ended crowdsale


  • Employees7


man Vladimir Borchev

Graduated with a degree in Chemistry from a leading university in the Soviet Union. Vladimir has nearly 40 years experience in Chemistry and Materials Science. He holds multiple patents in Chemistry, in particular, for the production of silicon and silicon dioxide. He has been an integral part of several university R&D projects, and has also worked for leading chemical companies globally.

man Sami Quraishy

Graduated from the London School of Economics and Political Science with a BSc in Philosophy and Economics. Sami started his career as an Audit Associate at KPMG in London, following which he worked as a Global Analyst in Dubai, London and Singapore at The Abraaj Group, a private equity investment group focused on global growth markets. He has also previously trained at Deutsche Bank and Yum Brands China. In addition, he was the co-founder of Snackly, an online start-up focused on gluten-free customers in the UK.

man Sergei Golovach

Received a Golden Medal and scholarship to study Economics at the Far Eastern State University. Sergei has more than 15 years experience in industrial technologies and equipment, including consulting for government-backed projects. His focus has been on scaling technologies from laboratory or idea stage to industrial production. He has been an equipment adviser to multiple companies. Sergei has been based in Vietnam since 2010 and was previously a Project Manager for Finam Holdings in China and South-East Asia.

man Henry Joseph-Grant

Key part of the team that built Just Eat from startup in the UK to $2.44Bn IPO. Henry held senior roles at Uber rival, Gett, and founded the European arm of Abraaj Group's portfolio company, The Entertainer. Over the past decade, he has worked with Startups, Venture Capital and PE funds across the world as an adviser and operator. He is an adviser and mentor to CEO's for several accelerators and investment funds including Seedcamp, and HRH Prince Andrew's The Duke of York's platform, [email protected] Henry has also founded Peace Tech in Northern Ireland to create a stronger tech startup ecosystem. He is a contributing writer at Irish Tech News. More recently, he has served as the Chief Operating Officer (COO) at BigDish Ventures, SE Asia's leading restaurant yield management software company, where he lead the company's global expansion and operational areas.

man Alexander Astakhov

Alexander has deep understanding of setting up industrial production. He holds several degrees, including degrees in Industrial Technology, Construction and Industrial Design, and has over 40 years of experience working in these fields. He has a passion for recycling and environmentally friendly technologies.

Crowdsale details

Details Indicators
Token Symbol HPQ
Crowdsale Start May 9th, 00:00 GMT+03:00
Crowdsale End June 8th, 00:00 GMT+03:00
Domain owner Individual

Cost of the token

1 token for 2 $

Price without discounts

Accepted currency

  • Ethereum

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Frequently Asked Questions

How much money do you need to build a factory?

The soft cap is USD1,650,000 which will be enough for a 500 tpa (ton per annum) production line.

The more we raise, the higher production capacity we start with.

We can safely grow to 10,000 tpa and more as current confirmed demand from our buyers is higher.

What is HPQ?

HPQ = High Purity Quartz = High Purity Silica = High Purity Silicon Dioxide (SiO2)

Quartz, also known as silicon dioxide or silica, SiO2, is one of earth’s most abundant minerals and occurs in many different geological settings. It is best-known for its use in glass manufacturing, but also has uses across a variety of industries requiring differing levels of SiO2 content. It is a necessary element for the production of any modern gadget – for example, mobile phones.

HPQ is usually a white powder. It can be defined as having at least 99.995% SiO2 content. However, the main focus is always on the non-SiO2 content of the quartz.

HPQ is broken down into different categories depending on the impurities found in the quartz. 5N has a purity of ‘five nines’ – 99.999%. i.e contains 10 parts per million (ppm) of impurities (0.001%), 6N is six nines – 99.9999%. i.e contains 1 part per million (ppm) of impurities (0.0001%). The impurity level is highly critical for high tech industries. For buyers, even ten ppm purity difference matters. That is why 99.998% is much more expensive than 99.997%. Higher purity means lower impurities content of critical impurities like P, B, Li, Al, etc.

HPQ is the basic material for electronic, optical, lighting and solar (PV) industries. It is used in solar elements, semiconductors, optical fibres, lenses, crucibles, telecommunications, etc.

Why did you decide to raise via ICO instead of going to a bank or an investor?


We have visited or contacted nearly every local bank in Vietnam and in Singapore. None of the banks we visited are willing to finance “green field” projects like ours without full collateral. As a general rule, we need to have collateral worth at least double the amount that we want to receive from a bank. That means that if we need USD1.65m we need to have assets worth at least USD3.3m to obtain financing.


We have a JV offer from a Vietnamese government backed corporation and also JV offers from Vietnamese private investors. However, we feel these options are quite risky for us as there is a possibility to lose the technology (know-how) and control over the company (please refer to Vietnamese JV laws). We also have offers from European, Russian and American investors which require us to give away the majority of equity in our project. We want to keep maximum control over the company in order not to lose motivation and to prevent further equity dilution in the future. In other words, we want the company to remain ours and to ensure that our team is fully aligned. We have a great vision for the company, really believe in the strength of our team, and have a 100% interest to develop our project, increase capacity and continue R&D.

Why is there such a huge gap between soft cap and hard cap?

Soft cap lets us start with a minimum feasible production capacity (500TPA). At the same time, demand from our buyers is over 10,000TPA which is 20 times higher. In our aggressive development plan, we aim to produce 30,000TPA in the next 5 years. So if we raise more now, we will be able to increase production capacity much faster. We also want to add another grade product (STD) that is needed by our buyers.

For the time-being, we can safely go up to 10,000TPA just to meet confirmed existing demand.

Can I meet you?

Our office is in Ho Chi Minh City – please feel free to visit.

Address: Room 33, 3rd floor, Indochina Park Tower | 04 Nguyen Dinh Chieu St., DaKao Ward, District 1, Ho Chi Minh City, Vietnam

Tel. +84 28 62564470, fax +84 28 62564472

What is a “clean room” and why do you need it?

This is a special room that is assembled inside of the workshop to keep the needed environmental standards (low dust, etc.) – that is why it is called “clean”. It is like the inside of an operation room at a hospital.

We need this room to prevent any impurities from entering the product/production process from outside, so that we can keep the purity until we have packed the quartz.

Here is some more information: https://en.wikipedia.org/wiki/Cleanroom and http://www.cleanairtechnology.com/cleanroom-classifications-class.php

What are the advantages of your technology?

We don’t require pre-mined quartz – we can use sand of nearly any quality as the raw material. There is no need for quartz mines and expensive materials
Purity is not limited by technology – it is only limited by the production environment
No requirement for very high temperatures
No requirement for hazardous chemicals so no hazardous waste
Most reagents are recycled and re-used
We have less steps than in the standard technology process
Low production cost
Higher quality / purity of the product

Can I get a signed Terms & Conditions contract?

If you want to get a signed/stamped version of Terms & Conditions, please contact us.