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PyroGenesis Canada Inc to Provide a Tactical Mobile Plasma System for the Destruction of Chemical Warfare Agents to an International Military Consortium for $1.5M
MONTREAL , June 5, 2014 /CNW Telbec/ - PyroGenesis Canada Inc. ( http://pyrogenesis.co...
About this update from Pyrogenesis Inc.
[{"type":"text","content":"\n\n\nMONTREAL, June 5, 2014 /CNW Telbec/ - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSXV: PYR), an environmental solutions company that designs, develops\n and manufactures plasma waste-to-energy systems and plasma torch\n products, announced today that it has been awarded a contract to\n engineer a Tactical Mobile Plasma System for the Destruction of\n Chemical Warfare Agents such as those being dealt with in Syria.  This\n has been the successful result of extensive discussions with specialty\n military groups over the past 18 months.\n\n\nWhereas the destruction of massive amounts of chemical weapons is being\n addressed by a US Army developed technology, the situation in Syria has\n highlighted the urgent need for a tactical mobile unit that can be\n readily deployed, have rapid destruction capabilities and generate no\n toxic by-products.  \"PyroGenesis' proposed solution will meet these\n requirements with the push of a single button\", said P. Peter Pascali,\n President and Chief Executive Officer of PyroGenesis Canada Inc..\n\n\n\"Delivering a technology that can be dropped off the back of a plane in\n the harshest environment to instantaneously destroy some of the most\n dangerous substances known to man has significant commercial\n ramifications.  The system is scalable and, as such, larger units can\n be delivered for the in situ destruction of both hazardous chemicals\n and biological threats.   The risk and expense of moving toxic\n substances will soon be avoided through the deployment of a PyroGenesis\n Tactical Unit\", said Gillian Holcroft, Executive Vice President,\n Strategic Alliances.\n\n\nThis mission is comprised of two phases, the first of which has been\n contracted and under which PyroGenesis is currently working.  Funds for\n the second phase have been allocated but have not yet been contracted\n for. Delivery of this Tactical Plasma System is expected to be\n completed in 2014 for total revenues of approximately $1.5 Million.\n\n\nPyroGenesis' reputation of providing unique high performing plasma based\n solutions, combined with its long standing relationship with the US\n Navy to provide easy to operate and reliable plasma based waste\n destruction systems, made PyroGenesis an obvious choice for this\n mission.  As currently envisioned, PyroGenesis is the ...