PyroGenesis Announces Receipt of Acquittal of $561,600 from HPQ; Accumulation Appearance of Pilot Accessories Commences
MONTREAL, Sept. 13, 2018 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR), a TSX Venture 50® high-tech aggregation (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 anniversary acquittal of $561,600 from HPQ Silicon Resources (“HPQ”). Furthermore, the contempo commitment of the Gen3 PUREVAP™ boiler marks the alpha of the accumulation appearance of the pilot bulb (the “Plant”) in a committed breadth aural the assembly ability at PyroGenesis. The Bulb is accepted to be completed and operational by mid-year 2019.
The Bulb will accept an achievement accommodation of 50 tonnes per year, or ~1,000 kg of absolute per week. This footfall in the affairs is the distinct better ascent up footfall and, already successful, will pave the way for an adjustment from HPQ for the aboriginal bartering assembly unit, accepted in 2020.
“We’re animated to accept accomplished this new anniversary for the project,” said Mr. Pierre Carabin, Chief Technology Officer of PyroGenesis. “We are attractive avant-garde to the doors it opens and the opportunities it provides.”
“We are absolute aflame to move to this final date of the PUREVAP™ Quartz Reduction Reactor testing program. Now that we accept bankrupt all all-important financings, we can focus efforts on the action improvements, scalability, gluttonous customers, and advancing for commercialization,” said Mr. Bernard J. Tourillon, Chairman, President and CEO of HPQ Silicon. “With these financings closed, our cold activity avant-garde will be carrying on the Gen3 PUREVAP™ pilot bulb appearance with our “Solar Silicon Team” as able-bodied as architecture bazaar acquaintance of our progress, affairs and success.”
About HPQ SiliconHPQ Silicon Resources Inc. is a TSX-V listed ability aggregation planning to become a angular chip and adapted Aerial Purity, Solar Grade Silicon Metal (SoG Si) ambassador and a architect of multi and monocrystalline solar beef of the P and N types, appropriate for assembly of aerial achievement photovoltaic conversion. HPQ ambition is to develop, in accord with industry leaders, PyroGenesis TSX: PYR and Apollon Solar, that are experts in their fields of interest, the avant-garde metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)” action (patent pending), which will admittance the transformation and ablution of quartz (SiO2) into aerial abstention silicon metal (Si) in one footfall and abate by a agency of at atomic two-third (2/3) the accomplish appropriate to transform quartz (SiO2) into SoG Si. The pilot bulb accessories that will validate the bartering abeyant of the action is on agenda for mid-2019 start.
About PyroGenesis Canada Inc.PyroGenesis Canada Inc., a TSX Venture 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 Venture Exchange (Ticker Sym: PYR) and on the OTCQB Marketplace. For added information, amuse appointment 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 Venture Exchange, its Regulation Casework Provider (as that appellation is authentic in the behavior of the TSX Venture 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/
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