PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR)
(NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred
to as the “Company” or “PyroGenesis”) that designs, develops,
manufactures and commercializes plasma atomized metal powders,
environmentally-friendly plasma waste-to-energy systems and plasma
torch products, is pleased to announce that PyroGenesis received a
$700,000 grant from Sustainable Development Technology Canada
(“SDTC”) for a novel production process to transform quartz into
fumed silica using a plasma reactor, thereby reducing hazardous
waste and greenhouse gas (“GHG”) emissions in comparison to the
established fumed silica production process. This project is in
partnership with HPQ Silicon Resources (“HPQ”), provider of
innovative, cost-effective and low carbon emission silicon-based
solutions. The proposed start date for SDTC funding is June 2021,
subject to execution of the project funding agreement with SDTC.
For this project, PyroGenesis and HPQ will
collaborate on the design, fabrication and operation of a novel
pilot system to demonstrate the production of fumed silica, an
inert and non-hazardous substance, using a plasma reactor. Fumed
silica is used as a thickening agent in a wide range of
applications, such as paints, cosmetics, coatings, inks and resins.
The companies will (i) build and test a pilot system to investigate
if continuous production of fumed silica by plasma is feasible,
(ii) produce bulk samples of high-quality fumed silica for property
evaluation, and (iii) use pilot data as the basis for a
techno-economic feasibility study, where this new technology will
be compared to the existing commercial process. The project will be
conducted over a 2-year period, starting in June 2021.
“Fumed silica has unique physical properties
which make it a useful and versatile commodity, including high
surface area and low bulk density,” said Mr. Pierre Carabin, CTO
and Chief Strategist “The established process for making this
product is flame hydrolysis, a lengthy, expensive, and wasteful
multistep process requiring transportation of the materials between
multiple locations. With this project, PyroGenesis and HPQ will
propose an alternative solution which would eliminate the toxic
by-products of the conventional process and reduce GHG emissions by
about 90%. If successful, it will be a game-changer for the
industry.”
“We wish to thank SDTC for their continued
support of Canadian entrepreneurs in general, and our project
specifically,” added Mr. Pierre Carabin. “One cannot overstate the
impact SDTC support has towards the commercialization of our novel
production process to transform quartz into fumed silica using a
plasma reactor. Their credibility alone speaks volumes as
they are a very discerning valued partner. We are also working with
HPQ Silicon Resources on this project, and we look forward to
ultimately delivering, as the PyroGenesis/SDTC/HPQ team. the
environmental solution to an issue that has been plaguing the
industry for years.”
“Sustainable Development Technology Canada is
incredibly proud to support PyroGenesis’ innovative plasma
technology which helps reduce harmful toxins from entering our
environment. By investing in companies, like PyroGenesis we can
bring lasting economic, environmental and health benefits to
Canadians and the world” said Leah Lawrence, President and CEO of
Sustainable Development Technology Canada.
About SDTC
Sustainable Development Technology Canada (SDTC)
helps Canadian companies develop and deploy competitive, clean
technology solutions, to help solve some of the world’s most
pressing environmental challenges: climate change, clean air, clean
water and clean soil. By taking a cross-Canada approach, from seed
to scale, and in partnership with the best peers and experts, SDTC
is the global benchmark for sustainable development innovation
programming.
About HPQ Silicon Resources
HPQ Silicon Resources Inc. (TSX-V: HPQ) is
a Quebec-based innovative silicon solutions company that offers
innovative silica (SiO2), silicon (Si) based solutions and is
developing a unique portfolio of high value-added silicon (Si)
products sought after by battery and electric vehicle
manufacturers.
Silicon (Si), also known as silicon metal, is
one of today’s key strategic materials needed for the
decarbonization of the economy and the Renewable Energy Revolution
(“RER”). However, silicon does not exist in its pure state and must
be extracted from quartz (SiO2) in what has historically been a
capital and energy-intensive process.
With PyroGenesis HPQ is developing the PUREVAPTM
“Quartz Reduction Reactors” (QRR), an innovative process (patent
pending), which will permit the one-step transformation of quartz
(SiO2) into high purity silicon (Si) at reduced costs, energy
input, and carbon footprint that will propagate its considerable
renewable energy potential. Through its 100% owned subsidiary, HPQ
NANO Silicon Powders Inc., the PUREVAPTM Nano Silicon Reactor
(NSiR) is a new proprietary process that can use different purities
of silicon (Si) as feedstock, to make a wide range of nano/micro
spherical powders of different sizes and nanowires. For more
information, please visit HPQ Silicon web site.
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 products. The
Company provides its engineering and manufacturing expertise and
its turnkey process equipment packages to customers in the defense,
metallurgical, mining, advanced materials (including 3D printing),
and environmental industries. 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 Company’s core
competencies allow PyroGenesis to provide innovative plasma
torches, plasma waste processes, high-temperature metallurgical
processes, and engineering services to the global marketplace.
PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified.
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, IR/Comms. and Strategic BDPhone: (514)
937-0002, E-mail: ir@pyrogenesis.com RELATED LINK:
http://www.pyrogenesis.com/
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