Receipt of Military Contracts totaling $670,000PyroGenesis Announces Receipt of Military Contracts totaling $670,000 MONTREAL, Sept. 10, 2018 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (PYR.V), a TSX Venture 50® high-tech company, (the "Company", the “Corporation” or "PyroGenesis") a Company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch systems, is pleased to announce today, that it has received Military contracts with the US Military (the “Client”) totaling US $509,000 (approx. Can$ 670,000), for general ongoing upgrades and maintenance.
Work on these contracts has already begun, and all the contracts will be completed by the end of the year (Q4-2018).
“These contracts are a further testament to the level of confidence military organizations have in our experience and expertise,” said P. Peter Pascali, President and CEO of PyroGenesis. “It further underscores our ability to perform to the highest standards, military standards, and this is serving us well as we expand our other business segments into industries which have similar exacting demands.”
“We are proud to continue to be chosen to deliver innovative commercial solutions to one of the most discerning clients in the world; the military establishment,” said Pierre Carabin, Chief Technology Officer of PyroGenesis. “More than 20 years of working with the military has provided us with the credibility few, if any, companies of our size have. We have proven, time and time again, that we say what we do, and we do what we say.”
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a TSX Venture 50® high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides technical and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Its core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and technical services to the global marketplace. Its operations are ISO 9001:2015 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com.