MONTREAL, Sept. 27, 2012 /CNW Telbec/ - PyroGenesis Canada Inc. ("PyroGenesis" or the "Company") (TSXV: PYR) PyroGenesis announced
today at the Cantor Fitzgerald Canada Corporation - Growth Technology
Conference in Toronto that the company has received a request for quotation (RFQ)
for a reorder from the US Armed forces.
"PyroGenesis is about to make yet another breakthrough in the plasma
waste to energy industry. This will be the first time that a commercial
plasma waste destruction system is reordered by a client, and not just
by any client, but by the US Armed Forces who are one of the most
discerning in the world" said P. Peter Pascali CEO of PyroGenesis who
was presenting at the Conference.
"This system will be an exact replica of a plasma waste system which has
been designed and manufactured by PyroGenesis just a few years ago.
This contract is expected to be signed within the next 6 to 8 weeks,
with delivery scheduled within 18 months" says Gillian Holcroft, Chief
Operating Officer of PyroGenesis.
"This is a fantastic accomplishment for PyroGenesis and a tribute to its
reputation and ability to produce top of the line products and services
worthy of global customers." says Pierre Carabin, Chief Engineer of
Separately, PyroGenesis is pleased to announce that Mr. John Kubricky
has taken up the important role of Strategic Advisor to the CEO. To
avoid any concerns of conflict of interest he has stepped down from his
position as a board member. "We are extremely happy to have merited the
confidence that John has placed in the Company and his desire to be
more involved in the day to day operations" says Peter Pascali.
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.
SOURCE: PyroGenesis Canada Inc.
For further information:
Pyrogenesis Canada Inc.
P. Peter Pascali
Chief Executive Officer