PyroGenesis Confirms Successful Site Acceptance Testing of Three Drosrite™ Systems in Operation
April 25 2022 - 7:30AM
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 advanced plasma processes and
sustainable solutions which are geared to reduce greenhouse gases
(GHG), is pleased to confirm that, further to Drosrite
International LLC’s press release earlier today, the Company’s
DROSRITE™ dross recovery technology has been successfully
commissioned at Ma’aden Aluminum (the “Smelter” or “End-User”), a
joint venture with Alcoa, and one of the world’s largest primary
aluminum producers with 2021 revenue in excess of US $7billion.
All DROSRITE™ systems supplied by Drosrite
International are manufactured in the USA.
“Today's results are indeed, as stated by
Drosrite International, a significant achievement as they validate
the DROSRITE™ technology on a massive scale with a major primary
aluminum producer,” said P. Peter Pascali, CEO and President of
PyroGenesis.
The successful milestone announced today by
Drosrite International involves an initial order for
7 DROSRITE systems, the first three of which have passed site
acceptance testing and have been fully commissioned, with the
remaining four already manufactured and awaiting final shipment at
the End-User’s request.
The next major milestone is delivery of the next
four systems to the same smelter.
“The fact that we have a salt-free dross
recovery system in use for the first time at a primary aluminum
producer further validates our DROSRITE™ technology, and opens the
door for further expansion,” added Mr. Pascali. “In fact, we are
gaining significant attention within the industry, and we are
receiving additional inquiries from other primary aluminum
producers in the Gulf region as a result of this achievement.”
“In this challenging time when macroeconomic,
geopolitical, energy, and supply-chain factors have intensified the
already tight market for aluminum, it has become even more
important for primary aluminum producers to find technologies that
can help maximize their production efficiencies,” continued Mr.
Pascali. “With PyroGenesis’ DROSRITE™ metal recovery solutions, an
in-stream, on-site benefit is achieved, and valuable aluminum is
recovered and returned to the process directly at the source.”
In addition, as a result of the commissioning of
these 3 systems, the Company reports that dross residues are now
being generated, which as the Company previously identified in a
press release dated September 27, 2021, have the potential to be
processed and converted into high-margin chemical and metallurgical
products in the future.
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 Company'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 Company with respect to future events and are subject
to certain risks and uncertainties and other risks detailed from
time-to-time in the Company'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
Company 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 Investor Relations
and Strategic Business DevelopmentPhone: (514) 937-0002, E-mail:
ir@pyrogenesis.comRELATED LINK:
http://www.pyrogenesis.com/
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