Business
PyroGenesis Secures Additional Contract from Global Oil & Gas Company
MONTREAL , Jan. 21, 2014 /CNW Telbec/ - PyroGenesis Canada Inc. ( http://pyrogenesis.c...
About this update from Pyrogenesis Inc.
[{"type":"text","content":"\n\n\nMONTREAL, Jan. 21, 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 from a\n Global Oil & Gas Company (\"Client\"), whose name has been withheld for\n competitive reasons. This contract will determine the cost benefit of\n integrating PyroGenesis' plasma based technology within the Client's\n existing industrial operation.  This is the third contract awarded to\n PyroGenesis in the past nine months within the Oil & Gas sector; all of\n which have been geared towards finding novel plasma based solutions to\n problems that have been challenging this industry.\n\n\nPyroGenesis is a leader in introducing novel plasma solutions into high\n value niche markets.  Recent successes include an order and re-order\n from the US Navy for a PyroGenesis Plasma Waste Destruction System, the\n acceptance of PyroGenesis' Plasma Waste to Energy System by the US Air\n Force, the sale of PyroGenesis' Plasma Waste to Energy System in\n Europe, the introduction of a Steam Plasma System for the destruction\n of ozone depleting substances within the appliance recycling sector and\n the demonstration of advanced material production in the Mining &\n Metallurgical industry using plasma.\n\n\n\"The incorporation of novel plasma based technologies into the Oil & Gas\n Sector is a long time in the making, and PyroGenesis is proud to be a\n leader in introducing the advantages of plasma into this multibillion\n dollar industry\", said P. Peter Pascali, President and Chief Executive\n Officer of PyroGenesis. \"PyroGenesis is confident that a positive\n economic outcome from this contract, which will be completed in the\n next few months, will ultimately result in a full scale industrial\n plasma installation worth several million dollars.\"\n\n\n\"PyroGenesis has found that the Oil & Gas sector is highly receptive to\n cutting edge technologies, and are willing to invest in technologies,\n such as PyroGenesis' patented plasma based solutions, which can have a\n significant impact on their current and future profitability\",  said\n Gillian Holcroft, Executive Vice President- Strategic Alliance for\n Py...