MONTREAL, Feb. 12, 2014 /CNW Telbec/ - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSXV: PYR), an environmental solutions company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch products, announced that it was ranked today by the TSX Venture Exchange as one of the strongest companies on the TSXV and has been chosen to be included in the exclusive TSX Venture 50® group of companies as one of the top ten cleantech companies. The TSX Venture 50® is a yearly ranking of the top 50 companies on the Venture Exchange by the TMX Group. The list is chosen by assigning equal weighting to share price appreciation, trading volume, market capitalization growth and analyst coverage. Companies within the TSX Venture 50® have seen impressive growth over the past year, offered strong returns to shareholders and are actively traded in the market.
"Being considered one of Canada's elite TSX Venture Exchange companies by such a highly regarded authority is indeed an honour," said P. Peter Pascali, President and Chief Executive Officer of PyroGenesis. "PyroGenesis has been working diligently over the past 9 months to increase its profile amongst Canada's investment community. We believe this concerted effort has been the main reason we have seen both a 20-fold increase in share price and record trading volumes since last October."
This ranking was announced this morning by the TSX Venture Exchange with an official news release (http://www.tmx.com/en/news_events/news/news_releases/2014/02-12-2014_TMXGroup-TSXVenture50.html) intended to reach print, online and broadcast media across Canada and around the world. An additional communication will be sent to analysts, brokers and a broad distribution of the Canadian investment community. In addition, banner ads will be placed on two key Canadian business sites with high traffic volume - TMX.com and TMXmoney.com - and will be linked to a dedicated microsite: TMX.com/Venture50. In addition, an 8-page feature in Canadian Business Magazine is under development to profile the 2014 TSX Venture 50®. The Venture 50® will also be featured online at CanadianBusiness.com.
Separately, PyroGenesis has been invited to attend the TSX Venture 50® Spotlight event in Calgary on Tuesday, April 1, 2014. This event will be attended by prominent analysts, investment bankers, retail brokers and portfolio managers. PyroGenesis has also been provided an opportunity to be featured on TMX Equicom's "On the Radar" program; Canada's premier company showcase series. On the Radar events provide a platform to present a Company to a qualified audience of retail brokers and investment professionals in Canada's main financial centres: Toronto, Montréal, Calgary and Vancouver.
"This prestigious recognition is only a beginning for PyroGenesis," said Gillian Holcroft, Executive VP, Strategic Alliances for PyroGenesis. "Our firm has established itself as being a leader in plasma based solutions for the US Department of Defense, for prominent players in the environmental, mining and metallurgy, advanced materials/nanotechnology as well as within the oil & gas sectors. Coupled with our strategy to focus on high value markets and state of the art plasma based technologies, PyroGenesis is poised for a banner year in 2014."
Concurrent with being ranked as a member of the exclusive TSX Venture 50® group of companies PyroGenesis announced this morning the launching of its new user friendly website (http://pyrogenesis.com). The site is designed to provide a better understanding of how PyroGenesis delivers game changing plasma technologies to high-margin niche markets. Using the two click concept, viewers can now easily access key information on PyroGenesis' products and markets and gain a better appreciation of how PyroGenesis is providing unique solutions to the Defense, Environment, Materials, Mining & Metallurgy, and Oil & Gas sectors.
"Our new 'electronic showcase' provides all stakeholders with valuable information on the range of innovative products and services we offer," said Mr. Pascali. "More importantly, in demonstrating the reach of our technology and service offerings in sectors beyond waste-to-energy and waste management (ex. Mining & Metallurgy, Oil & Gas, and Advanced Materials/Nanotechnology) our new web site provides the visitor with a more complete picture of how PyroGenesis is clearly the leader in applying plasma based solutions to high-margin niche markets."
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.
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:
PyroGenesis Canada Inc.
P. Peter Pascali
Chief Executive Officer
E-mail: [email protected]