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
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:
Chief Executive Officer
P. Peter Pascali