PyroGenesis Announces Successful Installation of $1MM State-Of-The-Art Plasma Torch Production Equipment in New Facility; Pro...
May 13 2021 - 7:55AM
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 clean
plasma torch products, is pleased to announce that, further to
significant inquiries from shareholders, it will release its 2021
first quarter results on May 17th, 2021, before markets open.
Separately, and further to its press release
dated March 3rd, 2021 (wherein it was disclosed that PyroGenesis
almost doubled its manufacturing footprint by leasing an additional
31,632 sq. ft), the Company is now pleased to announce the
successful installation of approximately $1MM in state-of-the-art
plasma torch production equipment in its new facility located in
Montreal, Quebec, Canada.
“The Company recently invested approximately
$1MM in state-of-the-art production equipment, and we announce
today its successful installation,” said Mr. P. Peter Pascali, CEO
and Chair of PyroGenesis. “This equipment has a wide range of
capabilities and will significantly reduce the manufacturing time
of our plasma torches. For example, parts that previously took 4
hours to manufacture will now take 15 minutes. PyroGenesis will
produce parts faster and at lower cost, thereby reducing delivery
times while increasing profitability.”
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 BD Phone: (514)
937-0002, E-mail: ir@pyrogenesis.com
PyroGenesis Canada (NASDAQ:PYR)
Historical Stock Chart
From Aug 2024 to Sep 2024
PyroGenesis Canada (NASDAQ:PYR)
Historical Stock Chart
From Sep 2023 to Sep 2024