MONTREAL, Feb. 13, 2015 /CNW Telbec/ - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSXV: PYR), a TSX Venture 50® clean-tech company (the "Company" or "PyroGenesis") that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announced today that it has been ranked by the TSX Venture Exchange as one of the strongest companies on the TSX-V for 2015 and has been selected as one of the top ten clean-tech companies included in the elite TSX Venture 50® group of companies. The TSX Venture 50® is an annual ranking by the TMX Group of the top 50 most performing companies on the Venture Exchange. The companies are 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, for the second year in a row, is indeed an honour," said P. Peter Pascali, President and Chief Executive Officer of PyroGenesis. "PyroGenesis continues to work diligently to increase its profile amongst Canada's investment community, and this honour only makes that easier to do."
This ranking was announced by the TSX Venture Exchange with an official news release intended to reach print, online and broadcast media across Canada and around the world (http://www.tmx.com/newsroom/press-releases?id=274). 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.
Of note, PyroGenesis has been invited to attend the TSX Venture 50® Spotlight event in Montreal on Thursday, April 9, 2015. 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. In addition, an eBook is under development to profile the 2015 TSX Venture 50® and will be promoted nationally following the TSX Venture 40 Spotlight event.
Separately, PyroGenesis reports that it has terminated its investor relation agreements with Renmark Financial Communications Inc. and Imaginis Business Development and that Mr. Richard Belafi, former VP-Finance, is no longer employed by the Company.
About PyroGenesis Canada Inc.
PyroGenesis Canada, a TSX Venture 50® high-tech company, is the world leader in the design, development, manufacturing and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced PyroClassTM engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 production facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008 certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol PYR.V). 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: P. Peter Pascali, Chief Executive Officer, Phone: (514) 937-0002, E-mail: [email protected]