MONTREAL, Sept. 18, 2018 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (PYR.V), a TSX Adventure 50® high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) a Aggregation that designs, develops and articles claret waste-to-energy systems and claret bake systems, is admiring to advertise today that it has accustomed a multi-million dollar adjustment for two (2) DROSRITE™ boiler systems (the “Systems”) from an Asian applicant (the “Client”); the name, and amount of the contract, abide arcane for aggressive reasons.
The Systems are the third and fourth bartering systems awash to date, and the aboriginal adjustment from this new Client. Commitment of the Systems is accepted to be in April 2019.
PyroGenesis’ DROSRITE™ arrangement is a salt-free, cost-effective, acceptable action for maximizing metal accretion from dross, a decay generated in the metallurgical industry. PyroGenesis’ patented action avoids cher accident of metal while abbreviation a smelter’s carbon brand and activity consumption, accouterment an absorbing acknowledgment on investment. The arrangement has been advised to action and balance admired metal such as aluminum, zinc and nut from dross.
“DROSRITE™ has been abounding years in the making; from the aboriginal paid-for-demonstration, to the commitment and accepting of a aboriginal bartering unit, to a alter from the aforementioned customer,” said Mr. Pierre Carabin, Chief Technology Officer of PyroGenesis. “This order, appear today, from a new Client, positions PyroGenesis as a solid provider of automated furnaces to the metallurgical industry; decidedly to the aluminum sector. PyroGenesis’ DROSRITE™ arrangement provides aberrant acknowledgment on advance to our customers, all with a blooming technology that has, in our opinion, no agnate in the market.”
The ahead appear paid-for-demonstration for zinc accretion in India is about to begin, and the trials are accepted to be completed aural the aing ten (10) weeks. In addition, ahead appear tolling discussions abide with abeyant collective adventure partners. A acknowledged armpit arrangement was afresh completed.
“This bifold order, from a new Client, reflects the actuality that DROSRITE™ is assuredly accepting acceptance. The accession of the mini DROSRITE™ (500 TPY), to our aboriginal alms (5,000 TPY), calm with the accommodation to embrace tolling opportunities, has finer positioned PyroGenesis as a one stop boutique for bits processing,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “The advertisement today charge be taken in the ambience of what we are doing; we are about introducing a new technology into a absolute bourgeois industry. This is not a belvedere area change is accepted and embraced. To the contrary, the bald actuality that we affirmation to be able to action bits after alkali is beheld skeptically and, as such, is accession hurdle we had to overcome. What is readily credible to us is the amount hypothesis DROSRITE™ offers to an industry that rarely sees improvements of such magnitude, and what that agency for PyroGenesis. There is over 3,000,000 TPY1 of Aluminum bits produced, which back added to the bazaar for processing zinc and nut dross, creates a absolute cogent business befalling for the Company. Given the actuality that, as I said, this is a new technology we are introducing to a bourgeois industry, it was difficult to adumbrate with authoritativeness if, and when, DROSRITE™ would booty hold, but there was no agnosticism in our apperception that back it did, and it looks like this bifold adjustment is the start, it would be cogent and continued term, creating added amount for shareholders.”
Furthermore, PyroGenesis will be presenting its DROSRITE™ solution, and announcement at “Aluminium 2018” actuality captivated in Düsseldorf, Germany amid October 9 and 11 (Hall 11, berth G50/06). Contact us to book an arrangement or accommodated with us there.
Separately, the Aggregation has accustomed codicillary approval from the TSX Adventure Exchange of the ahead appear Normal Course Issuer Bid to acquirement up to 5% of the Company’s accepted shares issued and outstanding over a aeon of twelve (12) months.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a TSX Adventure 50® high-tech company, is the apple baton in the design, development, accomplish and commercialization of avant-garde claret processes. We accommodate engineering and accomplishment expertise, cutting-edge arrangement research, as able-bodied as turnkey action accessories bales to the defense, metallurgical, mining, avant-garde abstracts (including 3D printing), oil & gas, and ecology industries. With a aggregation of accomplished engineers, scientists and technicians alive out of our Montreal appointment and our 3,800 m2 accomplishment facility, PyroGenesis maintains its aggressive advantage by absolute at the beginning of technology development and commercialization. Our amount competencies acquiesce PyroGenesis to advance the way in accouterment avant-garde claret torches, claret decay processes, high-temperature metallurgical processes, and engineering casework to the all-around marketplace. Our operations are ISO 9001:2008 certified, and accept been back 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Adventure Exchange (Ticker Sym: PYR) and on the OTCQB Marketplace. For added information, amuse arrangement www.pyrogenesis.com
This columnist absolution contains assertive advanced statements, including, after limitation, statements absolute the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and added agnate expressions which aggregate “forward- attractive information” aural the acceptation of applicative balance laws. Advanced statements reflect the Corporation’s accepted apprehension and assumptions and are accountable to a cardinal of risks and uncertainties that could account absolute after-effects to alter materially from those anticipated. These advanced statements absorb risks and uncertainties including, but not bound to, our expectations apropos the accepting of our articles by the market, our action to advance new articles and enhance the capabilities of absolute products, our action with account to ysis and development, the appulse of aggressive articles and pricing, new artefact development, and uncertainties accompanying to the authoritative approval process. Such statements reflect the accepted angle of the Corporation with account to approaching contest and are accountable to assertive risks and uncertainties and added risks abundant from time-to-time in the Corporation’s advancing filings with the balance authoritative authorities, which filings can be begin at www.sedar.com, or at www.otcmarkets.com. Absolute results, events, and achievement may alter materially. Readers are cautioned not to abode disproportionate assurance on these advanced statements. The Corporation undertakes no obligation to about amend or alter any forward- attractive statements either as a aftereffect of new information, approaching contest or otherwise, except as appropriate by applicative balance laws.
Neither the TSX Adventure Exchange, its Regulation Casework Provider (as that appellation is authentic in the behavior of the TSX Adventure Exchange) nor the OTCQB accepts albatross for the capability or accurateness of this columnist release.
SOURCE PyroGenesis Canada Inc.
For added advice amuse contact: Clémence Bertrand-Bourlaud, Marketing Manager/Investor Relations, Phone: (514) 937-0002, E-mail: [email protected]
RELATED LINKS: http://www.pyrogenesis.com/
1 AlCircle, « Aluminum Dross Processing: A All-around Review », 2017.
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