PyroGenesis Canada (TSXV:PYR), Reported Successful Tests of its Proprietary Gasification Technology - Video News Alert on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, November 18, 2013 - PyroGenesis Canada (TSXV:PYR),
an environmental solutions company, reported successful tests of its
proprietary technology, which utilizes the intense energy of plasma to gasify
and vitrify virtually any type of waste without producing hazardous by-products.
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.
The company designs, develops and manufactures plasma waste-to-energy systems
and plasma torch products. Their technology is different from incineration
because it produces a clean synthetic gas from waste, which can be used for
power generation.
In the tests, its state-of-the-art Steam Plasma Arc Destruction System exceeded
current requirements of 99.9999% destruction efficiency in the destruction of
ozone depleting substances. In addition, its technology met all other
environmental regulations while operating at full commercial capacity in an
industrial setting.
This environmentally friendly and cost effective technology enables a
PyroGenesis client to safely destroy ozone depleting substances, specifically
halocarbons, at its Laval-based appliance dismantling and recycling plant. The
current procedure involves extracting halocarbons during the recycling process
and shipping them to the United States for disposal, at significant costs.
It is important to note that certain ozone depleting substances generate 10,000
times more green house gases when compared to CO2 emissions.
P. Peter Pascali, President and CEO stated, "With our commercial scale SPARC
technology having far exceeded the performance requirements, we are now
positioned to promote this technology on a global basis. Conservative estimates
show that there are at least 25,000 tons per year of ozone depleting substances
that require destruction. This represents over $100 million of business
potential to PyroGenesis with no apparent competition at these destruction
efficiencies. This success once again underscores PyroGenesis' ability to
provide its clients with cost effective and environmentally friendly solutions."
Current clients include the U.S. Airforce, U.S. Army, Northrop Grumman and
Natural Resources Canada.
The company currently trades at $0.10 and with 63.5 million shares outstanding,
is capitalized at $6.35 million. For a more information, please visit the
company`s website at www.pyrogenesis.com, phone Peter Pascali, CEO at
514-937-0002 or email info(at)pyrogenesis.com.
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Unternehmensinformation / Kurzprofil:
Datum: 18.11.2013 - 17:14 Uhr
Sprache: Deutsch
News-ID 317776
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