Business
PyroGenesis Announces Expansion into Europe with a ~ $4M Commercial Sale of its Patented Plasma Waste to Energy System
MONTREAL , Dec. 2, 2013 /CNW Telbec/ - PyroGenesis Canada Inc. ("PyroGenesis" or the "Co...
About this update from Pyrogenesis Inc.
[{"type":"text","content":"\n\n\nMONTREAL, Dec. 2, 2013 /CNW Telbec/ - PyroGenesis Canada Inc.\n (\"PyroGenesis\" or the \"Company\") (TSXV: PYR), an environmental\n solutions company that designs, develops and manufactures plasma\n waste-to-energy systems and plasma torch products, is proud to announce\n today that it has reached an agreement to deliver its patented Plasma\n Waste to Energy system to a European entity; secured by a significant\n non-refundable down-payment.  The 10 TPD system is scheduled to be\n delivered in 2014 where it will be used on a commercial basis to\n transform costly industrial waste into electrical energy and usable\n by-products.\n\n\n\"This indeed is a watershed moment for the Company. This sale not only\n expands our customer base beyond the traditional US military, but does\n so in a market place that is in dire need of a reliable, cost effective\n and sustainable waste management solution.  We have been targeting the\n lucrative European market for years now and believe this European sale\n is the first of many to come. PyroGenesis is the only plasma company\n that has successfully demonstrated its technology at a small scale; a\n technology which is readily scalable for larger waste to energy\n projects.  To say the business potential for PyroGenesis in Europe is\n in the hundreds of millions of dollars would be an understatement.\"\n said P. Peter Pascali, President and CEO of PyroGenesis.\n\n\nIn 2010 PyroGenesis delivered its first Plasma Waste to Energy System to\n the US Air Force which was accepted by the military in 2011.  The\n system is designed to transform all types of waste (without the need\n for pre-sorting) into useful products (electricity and construction\n material) without generating any hazardous by-products.  This\n capability has particular resonance within the European marketplace\n where the options for conventional land-fill are limited and the cost\n for destruction of industrial and hazardous waste is extremely high.\n\n\n\"PyroGenesis' technology has a patented two step approach which not only\n makes it a cost effective technology but increases its reliability and\n flexibility in handling varying waste feed streams.  It can also be a\n NET Energy Producer even at very small capacities.  Our customers can\n generate revenues from (i) the tipping fees for t...