MONTREAL, April 09, 2019 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR)
(OTCQB: PYRNF) (FRA: 8PY), a TSX Venture 50® high-tech company, (the "Company", the “Corporation” or "PyroGenesis") that designs,
develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch
products, announced today that its DROSRITE™ System has been validated by a world leading primary aluminum smelter (the
“Smelter”) as part of the process towards adopting the technology for use. After a preliminary due diligence of a system in
operation at one of PyroGenesis’ client’s facility, a process analysis was performed to validate its viability.
PyroGenesis’ DROSRITE™ system is a proven, salt-free, cost-effective, sustainable process for maximizing metal
recovery from dross, a waste generated in the metallurgical industry. PyroGenesis’ patented process avoids costly loss of metal,
while reducing a smelter’s carbon footprint and energy consumption, thus providing a high return on investment. The system has been
designed to process and recover valuable metals such as aluminum, zinc and copper from dross. PyroGenesis sells DROSRITE™ systems,
and provides tolling services worldwide. A tolling service arrangement is one in which a smelter provides dross to a third party to
be processed for a fee either on or off site.
PROCESS VALIDATION BY A WORLD LEADING PRIMARY ALUMINUM SMELTER
“The Smelter is one of the most well respected and competitive primary aluminum smelters in the world to which
other smelters in the industry look to for guidance. This report is the most significant development since receiving the first
DROSRITE™ sale,” said Mr. David D’Aoust, Sales Manager – DROSRITE™ of PyroGenesis. “The report effectively confirms the
capabilities of the DROSRITE™ system which we have been advertising and, in part, mitigates the normal concerns a new technology
has when penetrating a marketplace.”
ACCELERATING DROSRITE™ SYSTEM’S MARKET PENETRATION
“This is a very important development for PyroGenesis’ DROSRITE™ system as it is timely in that our business
development team and Japanese partner continue to advance DROSRITE™ opportunities with some of the largest primary aluminum
smelters around the world,” commented Mr. P. Peter Pascali, President and CEO of PyroGenesis. “Seen as a leader amongst leaders,
this Smelter is looked upon as an example to follow within the industry. The Smelter continuously demonstrates its commitment to be
more sustainable and responsible in its own operations and DROSRITE™, being a salt-free and environmentally-friendly process,
integrates itself well with the Smelter’s environmental objectives.”
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 and products. 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 9001:2015 certified, and have been since
1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB
Marketplace. 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 Corporation'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 Corporation with respect to future events and are subject to
certain risks and uncertainties and other risks detailed from time-to-time in the Corporation'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 Corporation 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.
For further information please contact: Clémence Bertrand-Bourlaud, Marketing Manager/Investor Relations, Phone:
(514) 937-0002, E-mail: ir@pyrogenesis.com
RELATED LINKS: http://www.pyrogenesis.com/
