MONTREAL, Jan. 14, 2016 /CNW Telbec/ - PyroGenesis
Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB:
PYRNF), 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 has been awarded a US
$299,886 contract by the U.S.
Department of Defense as part of its ongoing project to destroy
chemical warfare agents. This contract is to demonstrate the
viability of using PyroGenesis' existing plasma chemical warfare
agent destruction platform with locally available materials, for
the complete eradication of chemical warfare agents without
creating hazardous by-products (the "Contract"). The Contract
is supported by the U.S. Army Research Office.
As previously announced, PyroGenesis developed a first of its
kind Tactical Plasma Arc Chemical Warfare Agent Destruction System
(the "System") for a multi-national military consortium, which was
developed to rapidly and safely destroy chemical warfare agents.
"In developing this System, PyroGenesis expects to neutralize
dangerous chemicals and chemical weapons without creating any
hazardous by-products," said Pierre
Carabin, Director of Engineering of PyroGenesis.
The Contract announced today is related to a program initiated
by the U.S. Defense to identify technology companies capable of
developing a transportable disposal system which could convert
dangerous chemical warfare agents into a safe end-product, such as
soil, while using minimal consumables and creating no hazardous
by-products. Ultimately, the goal of the program is to
develop a "one size fits all" technology to destroy any chemical
warfare agents without requiring water or generating waste for
post-processing.
"Recognizing both PyroGenesis' success with the U.S. Department
of Defense, and its current advances with a multi-national military
consortium in testing a first-of-its-kind Tactical Mobile Plasma
System, PyroGenesis has been awarded this Contract to demonstrate
how its current plasma process can be adapted to meet the program's
specific objectives," said Mr. P. Peter
Pascali, President and CEO of PyroGenesis. "A successfully
developed system would safely destroy chemical warfare agent
stockpiles onsite without having to transport these highly toxic
chemicals to a remote location for processing."
"Being awarded this Contract," added Mr. Pascali, "reflects the
significant advances that we, at PyroGenesis, are achieving, and
expect to continue to achieve, in the area of defense and chemical
warfare agent destruction."
Of note, the content of this news release does not necessarily
reflect the position or the policy of the U.S. Government.
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) and on the OTCQB Marketplace (Ticker Symbol:
PYRNF). 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, or at www.otcmarkets.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, its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) nor the OTCQB accepts responsibility for the
adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.