PyroGenesis Announces the Renaming of its Subsidiary, AirScience Technologies Inc., to Pyro Green-Gas
15 September 2021 - 12:30AM
PyroGenesis Canada Inc. (http://pyrogenesis.com) (NASDAQ: PYR)
(TSX: PYR) (FRA: 8PY), a high-tech Company (hereinafter referred to
as the “Company” or “PyroGenesis”), that designs, develops,
manufactures and commercializes advanced plasma processes and
sustainable solutions to reduce greenhouse gases, is pleased to
announce today that, following its acquisition of AirScience
Technologies Inc. (“AST”), PyroGenesis is in the process of
renaming its subsidiary to “Pyro Green-Gas”. Pyro Green-Gas will
continue to be a wholly owned subsidiary of the Company.
As part of the name change, PyroGenesis will, in
due course be developing a Pyro Green-Gas website as well as a
unique company logo, both of which will be disclosed once
completed. The legal name of the company will remain AirScience
Technologies Inc. until such time as the name change process is
completed. Pyro Green-Gas will now begin referring to itself under
the new corporate name for marketing and branding purposes.
“Changing the name to Pyro Green-Gas helps unify
and solidify our different business segments, all of which have
their unique approach to reducing GHGs, and benefiting the
environment,” said Mr. P. Peter Pascali, CEO and Chair of
PyroGenesis. “The rebranding from AST to Pyro Green-Gas comes at a
defining moment in our Company's history and better reflects who we
are today with our increased focus on technologies providing GHG
solutions for sustainable long-term growth.”
About Pyro Green-Gas (formerly known as
AirScience Technologies Inc.)
Pyro Green-Gas (formerly known as AirScience
Technologies Inc.), a Montreal-based company, offers technologies,
equipment, and expertise in the area of biogas upgrading, as well
as air pollution controls. Pyro Green-Gas designs and builds: (i)
gas upgrading systems to convert biogas to renewable natural gas
(RNG); (ii) pyrolysis-gas purification; (iii) biogas &
landfill-gas flares and thermal oxidizers; and (iv) purification of
coke-oven gas (COG) (a by-product in the primary steel industry
arising from the conversion of coal into coke) into high purity
hydrogen, which is in high demand across the industry. Pyro
Green-Gas is also known for its line of landfill gas flares which
reduce greenhouse gas (“GHG”) emissions specifically from
landfills.
About PyroGenesis Canada
Inc.
PyroGenesis Canada Inc., a high-tech company, is
a leader in the design, development, manufacture and
commercialization of advanced plasma processes and sustainable
solutions which reduce greenhouse gases (GHG), and are economically
attractive alternatives to conventional “dirty” processes.
PyroGenesis has created proprietary, patented and advanced plasma
technologies that are being vetted and adopted by multiple
multibillion dollar industry leaders in four massive markets: iron
ore pelletization, aluminum, waste management, and additive
manufacturing. With a team of experienced engineers, scientists and
technicians working out of its Montreal office, and its 3,800 m2
and 2,940 m2 manufacturing facilities, PyroGenesis maintains its
competitive advantage by remaining at the forefront of technology
development and commercialization. The operations are ISO
9001:2015 and AS9100D certified, having been ISO certified since
1997. 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.sec.gov. 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 Toronto Stock Exchange, its
Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) nor the NASDAQ Stock
Market, LLC accepts responsibility for the adequacy or accuracy of
this press release.
SOURCE PyroGenesis Canada Inc.
For further information please contact:Rodayna
Kafal, Vice President Investors Relations and Strategic Business
DevelopmentPhone: (514) 937-0002, E-mail: ir@pyrogenesis.comRELATED
LINK: http://www.pyrogenesis.com/
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