PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR)
(NASDAQ: PYR) (FRA: 8PY), a high-tech company, (hereinafter
referred to as the “Company” or “PyroGenesis”), a Company that
designs, develops, manufactures and commercializes plasma atomized
metal powder, environmentally friendly plasma waste-to-energy
systems and clean plasma torch products, issues this press release
in response to significant inquiries from shareholders which have
been addressed by the following statement from P. Peter Pascali,
CEO and Chair of PyroGenesis:
“Our stock has reacted this morning to a report
that seems to be a short seller attack on the Company, and was in
no way affiliated with PyroGenesis, its management, or Board. At no
time did the authors of the report contact PyroGenesis despite
their contention that they did.
The report is replete with additional false and
intentionally misleading statements, innuendoes, inaccuracies,
outright distortions and lies, all of which appears to an attempt
to generate panic selling. Regretfully, some investors may have
made decisions based on these falsehoods.
We do not take this report lightly and we will
take all legal action to hold those accountable for their actions.
At PyroGenesis, we stand for freedom of opinions, but draw the line
when lies are used for manipulation, no matter what side of the
market one may be playing.
I wish to reassure all interested parties that
as a person who controls between approximately 48%-52% of the
PyroGenesis stock, I am totally committed to every aspect of this
business, and further confirm that we at all times operate legally
and, more importantly, morally.
At PyroGenesis, we are committed to building
real value with real clients who are leaders in their respective
industries, and we have successfully demonstrated this over many
years. We do not believe that time spent addressing specific
rantings by manipulators who have hidden agendas is a good use of
Company’s time. However, we will note that we stand by all our
disclosures.
Last but not least, on the topic of standing by
all disclosures, I ask readers to put today’s report in its proper
perspective. The report is faceless. No author. No address. No
telephone numbers. No email. No access. On the other hand,
PyroGenesis has been audited every year by reputable firms (KPMG
has audited our accounts every year since 2015) who have had full
access to all information, and we count the US NAVY, plus a host of
other billion-dollar market leaders, as long-term clients/partners
who have done their own due diligence and audits of the
Company.
We thank you all for your understanding and
support. Rest assured that the Company is stronger today than
yesterday, stronger yesterday than the week before, stronger the
week before than the month before that, and stronger the month
before than the year before that. In my opinion we have never been
better positioned to execute on all our strategies.”
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.comwww.pyrogenesis.com
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