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PyroGenesis Canada Expands Market with Award of 3rd Contract in Oil & Gas Sector - Video News Alert Summary on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2014) - PyroGenesis Canada (TSXV: P...
About this update from Pyrogenesis Inc.
[{"type":"text","content":"PyroGenesis Canada Expands Market with Award of 3rd Contract in Oil & Gas Sector - Video News Alert Summary on InvestmentPitch.comVancouver, British Columbia--(Newsfile Corp. - January 24, 2014) - PyroGenesis Canada (TSXV: PYR), an environmental solutions company, has been awarded a contract from an unnamed Global Oil & Gas Company, whose name was withheld for competitive reasons. InvestmentPitch.com has produced a \"video news alert\" discussing PyroGenesis. 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_8dpsbh1t/PyroGenesis-Canada-TSXV-PYR-awarded-a-contract-from-an-unnamed-Global-Oil-Gas-CompanyThis contract will determine the cost benefit of integrating PyroGenesis' plasma based technology within the client's existing industrial operation. This is the third contract awarded to PyroGenesis in the past nine months within the Oil & Gas sector, all of which have been geared towards finding novel plasma based solutions to problems that have been challenging this industry. PyroGenesis designs, develops and manufactures plasma waste-to-energy systems and plasma torch products. The company's proprietary plasma technologies utilize the intense energy of plasma to gasify and vitrify virtually any type of waste without producing hazardous by-products. The patented gasification and vitrification technology is different from incineration because it produces a clean synthetic gas, which can be used for power generation, from waste. The technology can also turn waste into a glassy rock that can be utilized as construction material.P. Peter Pascali, President and CEO stated, \"The incorporation of novel plasma based technologies into the Oil & Gas Sector is a long time in the making, and PyroGenesis is proud to be a leader in introducing the advantages of plasma into this multibillion dollar industry. PyroGenesis is confident that a positive economic outcome from this contract, which will be completed in the next few months, will ultimately result in a full scale industrial plasma installation worth several million dollars.\"Gillian Holcroft, Executive Vice President added, \"PyroGenesis has found that the Oil & Gas sector is highly receptive to cutting edge technologies, an...