MONTREAL, Feb. 12, 2014 /CNW Telbec/ - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSXV: PYR), an environmental solutions company that designs, develops
and manufactures plasma waste-to-energy systems and plasma torch
products, announced that it was ranked today by the TSX Venture
Exchange as one of the strongest companies on the TSXV and has been
chosen to be included in the exclusive TSX Venture 50® group of
companies as one of the top ten cleantech companies. The TSX Venture
50® is a yearly ranking of the top 50 companies on the Venture Exchange
by the TMX Group. The list is chosen by assigning equal weighting to
share price appreciation, trading volume, market capitalization growth
and analyst coverage. Companies within the TSX Venture 50® have seen
impressive growth over the past year, offered strong returns to
shareholders and are actively traded in the market.
"Being considered one of Canada's elite TSX Venture Exchange companies
by such a highly regarded authority is indeed an honour," said P. Peter
Pascali, President and Chief Executive Officer of PyroGenesis.
"PyroGenesis has been working diligently over the past 9 months to
increase its profile amongst Canada's investment community. We believe
this concerted effort has been the main reason we have seen both a
20-fold increase in share price and record trading volumes since last
This ranking was announced this morning by the TSX Venture Exchange with
an official news release (http://www.tmx.com/en/news_events/news/news_releases/2014/02-12-2014_TMXGroup-TSXVenture50.html) intended to reach print, online and broadcast media across Canada and
around the world. An additional communication will be sent to analysts,
brokers and a broad distribution of the Canadian investment community.
In addition, banner ads will be placed on two key Canadian business
sites with high traffic volume - TMX.com and TMXmoney.com - and will be
linked to a dedicated microsite: TMX.com/Venture50. In addition, an 8-page feature in Canadian Business Magazine is under
development to profile the 2014 TSX Venture 50®. The Venture 50® will
also be featured online at CanadianBusiness.com.
Separately, PyroGenesis has been invited to attend the TSX Venture 50®
Spotlight event in Calgary on Tuesday, April 1, 2014. This event will
be attended by prominent analysts, investment bankers, retail brokers
and portfolio managers. PyroGenesis has also been provided an
opportunity to be featured on TMX Equicom's "On the Radar" program;
Canada's premier company showcase series. On the Radar events provide a
platform to present a Company to a qualified audience of retail brokers
and investment professionals in Canada's main financial centres:
Toronto, Montréal, Calgary and Vancouver.
"This prestigious recognition is only a beginning for PyroGenesis,"
said Gillian Holcroft, Executive VP, Strategic Alliances for
PyroGenesis. "Our firm has established itself as being a leader in
plasma based solutions for the US Department of Defense, for prominent
players in the environmental, mining and metallurgy, advanced
materials/nanotechnology as well as within the oil & gas sectors.
Coupled with our strategy to focus on high value markets and state of
the art plasma based technologies, PyroGenesis is poised for a banner
year in 2014."
Concurrent with being ranked as a member of the exclusive TSX Venture
50® group of companies PyroGenesis announced this morning the launching
of its new user friendly website (http://pyrogenesis.com). The site is
designed to provide a better understanding of how PyroGenesis delivers
game changing plasma technologies to high-margin niche markets. Using
the two click concept, viewers can now easily access key information on
PyroGenesis' products and markets and gain a better appreciation of how
PyroGenesis is providing unique solutions to the Defense, Environment,
Materials, Mining & Metallurgy, and Oil & Gas sectors.
"Our new 'electronic showcase' provides all stakeholders with valuable
information on the range of innovative products and services we offer,"
said Mr. Pascali. "More importantly, in demonstrating the reach of our
technology and service offerings in sectors beyond waste-to-energy and
waste management (ex. Mining & Metallurgy, Oil & Gas, and Advanced
Materials/Nanotechnology) our new web site provides the visitor with a
more complete picture of how PyroGenesis is clearly the leader in
applying plasma based solutions to high-margin niche markets."
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