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 PyroGenesis.
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.
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SOURCE: PyroGenesis Canada Inc.
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Pyrogenesis Canada Inc.
P. Peter Pascali
Chief Executive Officer