MONTREAL, Sept. 12, 2011 /CNW/ - PyroGenesis Canada Inc. ("PyroGenesis" or the "Company") (TSX-V: PYR), an environmental
solutions company that designs, develops and manufactures plasma
waste-to-energy systems and plasma torch products, announced today that
it has successfully completed the design, construction and testing of
one of its Plasma Arc Waste Destruction Systems (PAWDS) for a United
States Navy aircraft carrier. The design, construction and testing were
done on behalf of Newport News Shipbuilding, a division of Huntington
Ingalls Industries (NYSE: HII).
The successful conclusion of this testing is a prerequisite to the PAWDS
system being disassembled, packaged and ultimately shipped for
installation on board the Navy's CVN 78 aircraft carrier. This is the
first ship of the Gerald R. Ford class aircraft carriers. The factory acceptance testing is a
significant milestone in PyroGenesis' ongoing commercial relationship
with the Navy. In 2008, the Navy contracted Northrop Grumman Newport
News, now Newport News Shipbuilding (NNS), to procure a PAWDS unit from
PyroGenesis for its next-generation aircraft carrier. Today's
announcement is a culmination of a thorough evaluation by NNS that
occurred at PyroGenesis' 6,000-square-meter manufacturing and testing
facility in Montreal.
"We continue to execute on our commercial milestones, and are looking
forward to the installation of our plasma-based waste management system
on this new aircraft carrier," said P. Peter Pascali, President and
Chief Executive Officer of PyroGenesis. "The Navy evaluated many waste
management technologies over the past 10 years and decided that our
PAWDS unit was the best solution to meet their needs. We are excited
that this relationship is progressing and intend to leverage our
success with the Navy to expand our commercial pipeline in both the
marine and land-based markets."
PyroGenesis' Chief Operating Officer, Gillian Holcroft commented, "The
U.S. Navy is highly selective when it evaluates technology for its
multi-billion dollar, nuclear aircraft carrier. The technology that the
Navy chooses has to meet the most stringent design and performance
specifications in the world. PyroGenesis is proud to have earned the
confidence of the U.S. Navy to deliver such an important system for its
state-of- the-art carrier."
The PAWDS system is designed for the safe and efficient destruction of
shipboard waste. The patented, compact technology is five times smaller
than a conventional marine incinerator, and does not use fossil fuels.
Instead, the system uses air and electricity to generate a plasma
plume, with a temperature of approximately 5,000 degrees Celsius that
can rapidly and efficiently gasify five tons per day of combustible
waste. PAWDS can safely and efficiently treat waste such as paper,
cardboard, plastics, textiles, wood, food and sludge oil, and can be
started up or shut down in just a few minutes.
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.
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