MONTREAL, July 7, 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 shipped its second commercial Marine Plasma Waste Destruction System for the US Navy (the "System") to the shipyard in charge of ship construction. The System is to be installed on the aircraft carrier John F. Kennedy (CVN 79).
As previously announced, PyroGenesis' client, Newport News Shipbuilding, a division of Huntington Ingalls Industries, visited PyroGenesis three (3) times this past fall. The purpose of these visits was not only to perform quality inspections of the System before accepting delivery, but also to discuss future onboard support services with PyroGenesis.
"We are very proud of this accomplishment" said Pierre Carabin, Director of Engineering of PyroGenesis. "We are looking forward to continuing to support our customer for the operation and maintenance of this System and future systems."
"It is indeed an honor to supply our high-tech, products to such a prestigious client as the US Navy. It speaks to our credibility as an innovator with proven capability of introducing plasma processes to high value niche markets who, until now, have not had the benefit of such innovation," said P. Peter Pascali, President and CEO of PyroGenesis. "Our success to date, as exemplified by our relationship with the US Navy, is testimony to the fact that PyroGenesis is at the cutting edge of taking plasma out of the lab and finding commercial applications for its use. Thanks to PyroGeness, plasma is no longer a process looking for an application."
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 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). 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, President and Chief Executive Officer, Phone: (514) 937-0002, E-mail: [email protected]