Business
PyroGenesis Secures Ownership to High-Tech Multi-Million Dollar Plasma Pilot Facility for Advanced Material Production; Nanotechnology; 3-D Printing
MONTREAL , Jan. 14, 2014 /CNW Telbec/ - PyroGenesis Canada Inc. ( http://pyrogenesis.c...
About this update from Pyrogenesis Inc.
[{"type":"text","content":"\n\n\nMONTREAL, Jan. 14, 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 secured the ownership rights from\n a multinational Mining and Metallurgical Company (\"Client\"), which has\n requested that its name be withheld for competitive reasons, for their\n metallurgical powder producing pilot plant.\n\n\nThis state of the art pilot plant is currently located at PyroGenesis'\n manufacturing facility in Montreal.  PyroGenesis was able to negotiate\n a transaction in which they will acquire the equipment from its Client\n at no cost to PyroGenesis.  The value to design and fabricate this\n pilot facility was approximately $2M CAD.\n\n\n\"This opportunity is a natural extension of PyroGenesis' strategy to\n focus on niche high value markets that leverage off of PyroGenesis'\n core competency of being leaders in plasma based solutions.  With the\n acquisition of this equipment, PyroGenesis is now in a position to\n pursue opportunities for advanced metallurgical powder production, such\n as nanoparticles, which is a rapidly growing business area\", said P.\n Peter Pascali, President and Chief Executive Officer of PyroGenesis.\n\n\n\"Plasma based processes are ideally suited for the production of high\n quality and highly traceable nanoparticles and other advanced\n materials. The flexibility of the pilot equipment, will allow\n PyroGenesis to promote novel processing solutions for a wide range of\n advanced materials and powders ranging from light metals to\n nano-materials\" said Gillian Holcroft, Executive Vice President-\n Strategic Alliance for PyroGenesis.\n\n\n\"The appetite to invest in new technologies, especially in the area of\n advanced materials, is on the rise with Europe and the United States\n leading with over $2 Billion in nanotechnology spending.  Our analysis\n of this market sector has revealed that the annual growth for these\n advanced materials will reach 19 percent p.a. in the Energy Sector and\n 17 percent p.a. in the Environmental Sector.  Applications for\n nanotechnology include coatings, catalysts, super-capacitors,\n pharmaceutical products and most recently 3D printing.\" said P. Pet...