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I'm Megan Edwards for Investmentpitch.com
PyroGenesis Canada, an environmental solutions company, that trades on the TSX Venture Exchange
under the symbol PYR, reported successful tests of its proprietary technologies.
The company designs, develops and manufactures plasma waste-to-energy systems and plasma
torch products.
Their proprietary technologies utilize the intense energy of plasma to gasify and vitrify
virtually any type of waste without producing hazardous by-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."
The technology can also turn waste into a glassy rock that can be utilized as construction
material.
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@pyrogenesis.com.
I'm Megan Edwards for Investmentpitch.com For more video news, and to view our disclaimer,
be sure to visit our website at www.investmentpitch.com This video is for information purposes only
and it not a recommendation to buy or sell any securities..