MONTREAL, Feb. 27, 2012 /CNW/ - PyroGenesis Canada Inc. ("PyroGenesis" or the "Company") (TSXV: PYR), an environmental solutions company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch products, today announced that Major General Robert M. Radin has joined the Company's board of directors. Major General Radin recently retired from active duty with the U.S. Army after more than 35 years service.
"We are elated that a quality individual such as Major General Radin will be sharing his business experience with our board and the Company," said P. Peter Pascali, President and Chief Executive Officer of PyroGenesis. "Going forward, PyroGenesis will pursue additional commercial opportunities with entities such as the U.S. Army and Air Force. We expect that Major General Radin's considerable experience in government logistics and procurement will be invaluable as we accelerate our business development efforts in these areas."
Major General Radin served as the Assistant Deputy Chief of Staff, G-4, Army Logistics, at the Pentagon from September, 2009 to June, 2011. In this position, he was responsible for policy development, strategic planning and budget programming for distribution, readiness reporting and contingency contracting.
Before joining the Army staff, he served for two years as Commanding General of the U.S. Army Sustainment Command in Rock Island, Illinois. In this role, he executed an annual operating budget in excess of $10 billion that was responsible for sustainment and maintenance support for more than $24.5 billion worth of supplies and equipment.
"PyroGenesis' gasification and vitrification technology has proven to be cost effective in a number of marine and land-based applications," said Major General Radin. "I am excited to join the Company's board to provide strategic advice, and to help raise PyroGenesis' profile with defense industry and civilian customers."
About PyroGenesis Canada Inc. (www.pyrogenesis.com)
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.
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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Chief Executive Officer
P. Peter Pascali