MONTREAL, Sept. 28, 2015 /CNW Telbec/ - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSXV: PYR) (OTCQB: PYRNF), 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 received an order from Supervisor of Shipbuilding, Conversion & Repair ("SUPSHIP") to train US Navy sailors on its Plasma Arc Waste Destruction System ("PAWDS") Engineering Design Model at its manufacturing facility in Montreal. The first group of sailors are expected to arrive in the fall of 2015.
PyroGenesis will offer three (3) distinct training programs, including mechanical maintenance personnel, electrical maintenance personnel, and system operators. The training will take place on an existing full scale system which is developed and installed at PyroGenesis' manufacturing facility in Montreal. The first group of sailors have been contracted to be trained under this new program for approximately US$ 100,000 and will arrive in the second half of 2015; the training will last for a period of approximately four (4) weeks.
Separately, following the sale of two PAWDS Marine systems for the latest generation of US Navy aircraft carriers, PyroGenesis continues to provide technical support to Newport News Shipbuilding Huntington Ingalls. Since the beginning of 2015, PyroGenesis has received contracts for technical support totalling over US$ 100,000 and expects this to exceed US$ 200,000 by year-end.
As previously announced, PyroGenesis is also pursuing discussions with the US Navy to provide technical support and spare parts throughout the ships' expected 50-year lifespan, as well as developing an ongoing educational/certification program in PAWDS Marine system operations.
"This order to develop and implement a training program is one of several support services that PyroGenesis is proposing to the US Navy," said Pierre Carabin, Director of Engineering at PyroGenesis.
"We are very proud of the fact that the US Navy recognises PyroGenesis' skills and expertise not only in the design and manufacture of high-tech plasma waste destruction systems, but also in our after-sales support services", stated Paul Simmons, CFO of PyroGenesis. "Training US Navy sailors in the operation and maintenance of our PAWDS Marine systems will be an honor that we look forward to fulfilling."
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a TSX Venture 50® clean-tech company, is the world leader in the design, development, manufacture 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 engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing 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) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). 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, www.sec.gov/edgar.shtml, or at www.otcmarkets.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.
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SOURCE PyroGenesis Canada Inc.
For further information: P. Peter Pascali, Chief Executive Officer, Phone: (514) 937-0002, E-mail: [email protected]