MONTREAL, Jan. 24, 2012 /CNW/ - PyroGenesis Canada Inc. ("PyroGenesis"
or the "Company") (TSX-V: PYR), an environmental solutions company that
designs, develops and manufactures plasma waste-to-energy systems and
plasma torch products, announced today that the U.S. Air Force 1st Special Operations Civil Engineering Squadron (1 SOCES) entered into an
18-month contract with PyroGenesis to operate, maintain and collect
operations data on its Plasma Resource Recovery System (PRRS) at the
Air Force's base in Hurlburt Field, Florida.
PyroGenesis designed and manufactured the PRRS, which uses plasma to
convert waste to energy and usable products. The system began
operational testing at the Florida Air Force base late last year.
The contract includes three sequential option periods. The first period
of performance began on October 1, 2011 and is seven months in length.
The second option period is five months; and the third option period is
for six months. The total value of the contact is approximately $2.73
"This follow-on contract will help us to further validate our plasma
technology in a commercial, land-based setting," said P. Peter Pascali,
President and Chief Executive Officer of PyroGenesis. "The Air Force
required technology that could take unsorted waste directly from the
garbage truck and be able to safely and efficiently transform it into
useful products. Our ability to deliver environmentally friendly
solutions that work along with our experience to provide comprehensive
operations and maintenance plans will ensure the long term success and
continued operation of this facility. With our expertise in
plasma-based waste-to-energy systems, we feel we will exceed the Air
The 10.5-ton per day facility at the Air Force's base in Florida is a
state-of the-art waste management and energy production system that is
designed to convert solid wastes into energy and reusable by-products.
Specifically, it combines the advanced processes of plasma gasification
and vitrification into one system to further break down solid waste
into molecular components for use as a fuel to an internal combustion
engine to produce electricity. The objective will be to operate the
PRRS system 24 hours a day, seven days a week in a continuous,
cost-effective and efficient manner.
The Company believes the technology at the Hurlburt Field, Florida site
is the only operating commercial plasma gasification facility in North
America that has successfully demonstrated the ability to convert
unsorted municipal solid waste into electricity.
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.
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