PyroGenesis receives the ADRIQ's Coup de Coeur award for Partnership and Innovation
MONTREAL, May 28, 2012 /CNW Telbec/ - PyroGenesis Canada Inc. ("PyroGenesis" or the "Company") (TSXV: PYR), an environmental solutions company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch products, announced today that it received the coveted Association pour le développement de la recherche et de l'innovation du Québec's (ADRIQ) 2012 « Coup de Cœur » award for Partnership and Innovation, for its innovative solutions with regards to an integrated waste management plan for Îles-de-la-Madeleine (the "Project") .
The Project was geared towards finding a unique solution to waste management challenges facing Îles-de-la-Madeleine. It included PyroGenesis, the Centre de recherche sur les milieux insulaires et maritimes (CERMIM), the municipality of Îles-de-la-Madeleine and the Université de Sherbrooke. The goal was to evaluate the potential for developing and implementing two coupled state of the art waste management technologies, namely PyroGenesis' patented Plasma Resource Recovery System (PRRS) and a bio-methanization process.
"This is a unique opportunity to demonstrate the technical and economic viability of pairing these technologies for remote communities such as Îles-de-la-Madeleine. The fact that International Small Islands Studies Association is following the outcome with great interest underscores the importance of this Project", says Pierre Carabin, PyroGenesis' Chief Engineer. "PyroGenesis intends to demonstrate the advantages of this integrated waste management solution, which will enable isolated communities to manage their waste in a responsible, economic, and sustainable manner", says Gillian Holcroft, PyroGenesis' Chief Operating Officer.
"Waste management is a major challenge in our archipelago. This award is encouraging us to pursue novel and affordable solutions that are adapted to our environment" says Mr. Joël Arseneau, mayor of the municipality of Îles-de-la-Madeleine. "The main objective of this integrated process is to convert nearly all of the processed waste into usable products namely: energy (heat and electricity) and slag (construction material). The project is also exploring the use of slag as a cimentious substitute in the production of concrete or granular material for road construction," says Arezki Tagnit-Amou a Civil engineering professor at Université de Sherbrooke.
The technology which Pyrogenesis is providing combines the advanced processes of plasma gasification and vitrification which is able to convert unsorted waste into energy and usable by-products. Furthermore, the project has benefited from the system Pyrogenesis has commissioned at the Hurlburt Field Air Force Base in Florida by carrying out additional certified emissions testing and to procure its partners with vitrified rock for advanced material testing at Université de Sherbrooke.
Each year the ADRIQ honours technological collaborations between Quebec researchers, entrepreneurs and their partners with the intent of encouraging the creation of new partnerships which will lead to innovative commercial achievements.
About PyroGenesis Canada Inc.
PyroGenesis Canada is an environmental solutions company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch products. PyroGenesis' proprietary plasma technologies utilize the intense energy of plasma to gasify and vitrify virtually any type of waste without producing hazardous by-products. PyroGenesis' patented gasification and vitrification technology is different from incineration because it produces a clean synthetic gas from waste, which can be used for power generation. PyroGenesis' technology can also turn waste into a glassy rock that can be utilized as construction material. PyroGenesis has marquee defense industry and civilian customers that are using its technology in marine and land-based applications. For more information, please visit www.pyrogenesis.com
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 securities 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.For further information:
Pyrogenesis Canada Inc.
P. Peter Pascali
Chief Executive Officer