PyroGenesis Announces Receipt of over $800,000 from an International Military Consortium Representing the Funding for the Second, and Final Phase, to develop a Mobile Plasma System for the Destruction of Chemical Warfare Agents

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[{"type":"text","content":"\n\nMONTREAL, Dec. 8, 2014 /CNW Telbec/ - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSXV: PYR), a TSX Venture 50® high-tech company (the \"Company\" or \"PyroGenesis\") that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announced today that it has obtained phase 2 funding for the fabrication of a Tactical Mobile Plasma System for the Destruction of Chemical Warfare Agents, such as those being dealt with in Syria. \n\nAs previously announced this year, whereas the destruction of massive amounts of chemical weapons is being addressed by a US Army developed technology, the situation in Syria has highlighted the urgent need for a tactical mobile unit that can be readily deployed, have rapid destruction capabilities and generate no toxic by-products.  It is expected that PyroGenesis' proposed solution will meet these requirements with the push of a single button.\n\nThis phase 2 funding initiates the procurement and fabrication phase of the system; the last of a 2 phase project.  The system will be entirely fabricated and assembled at PyroGenesis, and will consist of two pre-assembled lightweight trailers which will be readily deployable into emergency situations or \"hot zones\".\n\n\"We are happy to see that phase 2 of this project is finally underway, after a short delay.  As we had previously mentioned, given the international and complex nature of such projects, funding delays such as this should be expected,\" said P. Peter Pascali, President and Chief Executive Officer of PyroGenesis Canada.  \n\nThe system is now scheduled to be delivered to the clients in the first half of 2015 for testing using simulated and actual chemical warfare agents.  The clients will spend over $100 million on testing alone.\n\n\"Although we are not privy to the timing of commercial orders, or the number of units that may be ordered upon successful testing, we are lead to believe that given the nature of the project and the funds being allocated to testing, there is an immediate need for multiple systems\", said Mr. Pascali.  \n\nThis contract is another example of PyroGenesis' success in delivering its plasma based solutions to niche markets.  These markets have expanded over the last 18 months to include 3D printing, Oil and Gas, Mining an...

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