MONTREAL, Nov. 13, 2013 /CNW Telbec/ - 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, today announced that
its state-of-the-art, Steam Plasma Arc (SPARC) Destruction System for
Ozone Depleting Substances (ODS) achieved a 10x greater Destruction
Efficiency as compared to the current requirement of 99.9999%. In
addition the SPARC easily met all other environmental regulations while
operating at full commercial capacity in an industrial setting.
The environmentally friendly and cost effective SPARC allows
PyroGenesis' client to safely destroy ozone depleting substances,
specifically halocarbons, at its Laval-based appliance dismantling and
recycling plant. Presently, halocarbons extracted during the recycling
process are shipped to the U.S. for disposal at significant costs. Of
note, certain ODS's generate 10,000 times more Green House Gases when
compared to CO2 emissions; therefore their safe destruction is
critical.
"Because ODS's are acknowledged to be some of the most difficult
substances to destroy, the ability to achieve over 99.9999% destruction
is a key milestone and puts PyroGenesis ahead of the curve in an
increasingly regulated industry. The use of a steam plasma torch allows
for increased destruction capabilities and now enables PyroGenesis to
efficiently and safely destroy an array of other hazardous "difficult
to manage" chemicals", said Gillian Holcroft, Executive Vice President,
Strategic Alliances for PyroGenesis.
"With our commercial scale SPARC technology having far exceeded the
performance requirements, we are now positioned to promote this
technology on a global basis. Conservative estimates show that there
are at least 25,000 tons per year of ODS that require destruction.
This represents over $100 million of business potential to PyroGenesis
with no apparent competition at these destruction efficiencies. This
success once again underscores PyroGenesis' ability to provide its
clients with cost effective and environmentally friendly solutions",
said P. Peter Pascali, President and Chief Executive Officer of
PyroGenesis
About PyroGenesis Canada Inc. (www.pyrogenesis.com)
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.
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.
