PyroGenesis Confirms Successful Site Acceptance Testing of Additional Drosrite™ System in North America
April 28 2022 - 07:30AM
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 the press releases
dated April 20th, 2022, and April 25th, 2022, the Company’s
DROSRITE™ technology has once again been successfully commissioned,
this time at an existing North American automobile parts
manufacturer client (the “Client”), and completed Site Acceptance
Testing (SAT). The name of the Client remains anonymous for
confidentiality reasons.
This system, which was part of a two-system
order, originally intended for delivery to an Asian client and
discussed in a previous press release, was subsequently fully paid
for. Due to significant delays in the Asian client's ability to
expand their facility, PyroGenesis sold the two units to an
existing Client who assumed the contract. The contract was for two
(2) DROSRITE™ systems, each with a capacity of 5,000 tons/year.
Both systems were completed and delivered to the Client’s
facility.
PyroGenesis' Client now has three (3) DROSRITE™
systems in operation. The fourth system will be commissioned upon
an expected increase in production demand for the Client's
offerings. Although these systems have been installed at the
Client's facility for some time, the Client has chosen to
commission them based on a predetermined production schedule.
“This is the fourth Drosrite™ system to pass a
SAT in as many days,” said Mr. P. Peter Pascali, President and CEO
of PyroGenesis. “This further strengthens our position, not only in
primary aluminum production, but also in the downstream production
process, especially in the aluminum-intensive automotive sector.
Being selected as a solution provider in some of the largest dross
recovery projects internationally, and with our proven technology,
we strongly believe that PyroGenesis has now become one of the
largest aluminum dross recovery solutions in the world while
playing a major role in reducing industry emissions. I cannot
overstate the recent increase in interest in our DROSRITE™ systems
in light of the significant rise in aluminum prices.”
As previously disclosed, the Company once again
confirms that it has 14 Drosrite™ systems either installed/in
shipping or new ordered/requested, of which eleven (11) have been
completed and are either on-site at the clients’ facilities or in
the process of being shipped.
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.com
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