PyroGenesis Receives Solar Impulse Efficient Solution Label; Further Solidifying its Position as an Emerging Leader in GHG Em...
09 December 2020 - 9:42AM
PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQB:
PYRNF) (FRA: 8PY), (the "Company", the “Corporation” or
"PyroGenesis") a Company that designs, develops, manufactures and
commercializes plasma atomized metal powder, plasma waste-to-energy
systems and plasma torch products, is pleased to announce today
that it has been awarded the “Solar Impulse Efficient Solution”
Label (the “Label”) from the Swiss-based Solar Impulse Foundation
(the “Foundation”) for PyroGenesis’ proprietary APT high-powered
(“APT-HP”) plasma torch for replacing fossil fuel burners. The
Foundation’s purpose is to identify existing solutions that are
both clean, profitable, and having a positive impact on quality of
life.
PyroGenesis’ proprietary APT-HP plasma torch
presents an environmentally friendly alternative to fossil fuel
burners for use in industrial applications which significantly
reduce greenhouse gas emissions. PyroGenesis’ APT-HP can be easily
retrofitted into existing installations (such as iron ore furnaces
where PyroGenesis has the patent).
To receive this Label, PyroGenesis’ plasma
torches went through a rigorous assessment by a group of
independent experts who judged PyroGenesis’ proprietary plasma
torches against five (5) criteria covering three main topics;
Feasibility, Environmental and Profitability. All labelled
solutions are part of the #1000solutions portfolio that are to be
presented to decision-makers in business and government by Mr.
Bertrand Piccard, Chairman of the Solar Impulse Foundation based in
Lausanne, Switzerland. The underlying purpose of the Foundation is
to encourage the worldwide adoption of more ambitious environmental
targets, and thereby fast-tracking the implementation of these
solutions on a large scale.
“We are proud to receive this recognition from
the Solar Impulse Foundation, which demonstrates PyroGenesis’
emerging leadership role in the reduction of greenhouse gas
emissions, specifically as a provider of clean high-powered plasma
torches used as a replacement of fossil fuel burners in industrial
applications,” said Mr. P. Peter Pascali, CEO and Chair of
PyroGenesis. “Having a technological solution labeled by the
Foundation not only further validates the value of our high-powered
plasma torches as a credible, innovative, profitable and ecological
solution, but also provides the Company greater credibility and
visibility in the marketplace.”
About the “Solar Impulse Efficient
Solution” LabelOne of the first labels to uniquely
identify positive impact technologies which provide solutions to
not only protect the environment, but which are also financially
viable. The “Solar Impulse Efficient Solution” Label is awarded to
companies following a rigorous assessment performed by external
independent experts. In collaboration with renowned institutions,
solutions applying for the label must go through a validation
process based on verified standards. The “Solar Impulse Efficient
Solution” Label identifies and serves as an award for clean and
profitable environmental solutions.
About Solar Impulse
Foundation.The Solar Impulse Foundation aims at selecting
1,000 unique solutions that protect the environment in a profitable
way, and award them the Solar Impulse Efficient Solution Label.
This label seeks to bridge the gap between ecology and economy,
bringing together protection of the environment, and financial
viability, while underscoring and emphasizing economical viable
solutions to environmental problems, and opportunities for clean
economic growth. By selecting 1,000 unique Efficient Solutions, the
Solar Impulse Foundation seeks to demonstrate that environmental
solutions exist, can create jobs, and generate profit while, at the
same time, reducing polluting emissions and preserving natural
resources.
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 manufacturing facility, 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.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 Toronto Stock Exchange, its
Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) nor the OTCQB 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/
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f408eda9-66ee-4fb8-90dd-37e9c5074dc1
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