MONTREAL, July 27, 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 commenced the application process for a US listing of its common shares (the "Shares") on the OTCQB.
"The commercial success that we have been enjoying has generated considerable interest from US investors, however it has been difficult at times for these investors to invest in our Company," said P. Peter Pascali, President & CEO of PyroGenesis. "A listing in the USA is key to overcoming this obstacle while at the same time providing PyroGenesis access to a broader investment base, while at the same time strengthening our financing flexibility and providing greater liquidity to our shareholders."
The application is subject to review and approval by the OTC Markets Group Inc., a US trading platform aimed at venture market companies. Management is confident that the application process will go smoothly and expects to be listed in the fall of 2015.
Of note, PyroGenesis' Shares will continue to be listed in Canada on the TSX Venture Exchange (the "TSXV"). The Company will continue to prepare its financial reports in accordance with International Financial Reporting Standards, and to file all public regulatory filings on SEDAR.
Separately, PyroGenesis is pleased to announce the appointment of Ms. Sophy Cesar as Vice President, Investor Relations and Corporate Communications.
Ms. Cesar has over 15 years of experience specializing in marketing, branding and operations. Prior to joining PyroGenesis, Ms. Cesar was responsible for the management and execution of the Investor Relations and Communications program for a TSX listed company. She successfully implemented investor awareness campaigns and deployed effective corporate communications strategies, both of which included developing relevant support materials. She also successfully raised tens of millions of dollars and supported the company's graduation from the TSXV to Toronto's senior exchange: the TSX.
"Ms. Cesar's appointment to PyroGenesis is an important step towards increasing the investment community's awareness and understanding of the PyroGenesis story which should ultimately increase shareholder value" stated Mr. Pascali.
In her role as Vice President, Investor Relations and Corporate Communications at PyroGenesis, Ms. Cesar will serve as the principal point of contact for the investment community, liaising with analysts while establishing and maintaining relationships with key, new, and existing investors as well as developing the Company's strategic investor relations plan.
Investors are encouraged to contact Ms. Cesar with any questions or for up to date information about the Company.
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). 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. Such statements include but are not limited to statements about the benefits of trading on the OTCQB, the timing for approval of the trading of the Company's common shares on the OTCQB and the possibility that the Company will be accepted for trading on the OTCQB. 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]