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PyroGenesis Canada Announces $4 Million European Sale of Plasma Waste to Energy System - Video News Alert on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2013) - PyroGenesis Canada (TSXV: P...
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[{"type":"text","content":"PyroGenesis Canada Announces $4 Million European Sale of Plasma Waste to Energy System - Video News Alert on InvestmentPitch.comVancouver, British Columbia--(Newsfile Corp. - December 3, 2013) - PyroGenesis Canada (TSXV: PYR), an environmental solutions company, announced a $4 million sale of its patented plasma waste to energy system, to a European entity, secured by a significant non-refundable down-payment. The 10TPD system is scheduled to be delivered in 2014, where it will be used on a commercial basis InvestmentPitch.com has produced a \"video news alert\" about PyroGenesis Canada based on this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"PyroGenesis\" in the search box. If you cannot view the video above, please visit: http://www.investmentpitch.com/video/0_lvp5wbor/PyroGenesis-Canada-TSXV-PYR-announced-a-4-million-sale-of-its-patented-plasma-waste-to-energy-system-to-a-European-entity-secured-by-a-significant-non-refundable-down-paymentThe company's proprietary technologies utilize the intense energy of plasma to gasify and vitrify all types of waste, without the need for pre-sorting, into useful products, such as electricity and construction material, without generating any hazardous by-products. Customers, can in turn, generate revenues from; the tipping fees for the waste being processed the sales of excess electrical energy to the grid the sale of the glassy rock by-product as construction material the resale of recovered metals, and the carbon credits where applicable. P. Peter Pascali, President & CEO stated, \"This sale not only expands our customer base beyond the traditional US military, but does so in a market place that is in dire need of a reliable, cost effective and sustainable waste management solution. To say the business potential for PyroGenesis in Europe is in the hundreds of millions of dollars would be an understatement.\" The company's patented Plasma Arc Waste Destruction System was recently highlighted as one of the key advanced technologies featured on the USS Gerald Ford air craft carrier, christened in November. With the push of a single button, the system's green technology is able to process waste generated by 5,000 sailors. The product's design is 5 times smaller and half the weight of a conventional marine incinerator. In late November 2012, the co...