PyroGenesis Announces Successful Demonstration of
Drosrite™ System in India;
Expansion into Zinc Recovery; Significantly Increasing Target Market
MONTREAL, Quebec (GlobeNewswire – May 24th, 2018) – PyroGenesis Canada Inc.
(https://www.pyrogenesis.com) (TSX-V: PYR), a TSX Venture 50® high-tech company, (the “Company”,
the “Corporation” or “PyroGenesis”) a Company that designs, develops and manufactures plasma
waste-to-energy systems and plasma torch systems, is pleased to announce today that it has
successfully demonstrated its Drosrite™ System (the “System”) in India to a client (“Client A”), and
has separately received an order for a paid demonstration to recover zinc from dross from another
client in the region (“Client B”). Client B, one of the biggest primary smelters of aluminum and zinc
in the region, has an estimated need of upwards of ten (10) Systems (both zinc and aluminum) within
its umbrella of companies.
As previously announced, PyroGenesis’ demonstration unit is currently booked until the end of
September 2018 with paid-for-demonstrations in India. As a result of the strong demand for such
demonstrations elsewhere, PyroGenesis is in the process of completing a second demonstration unit
to be deployed in North America. It is expected that this second unit will start taking bookings at the
end of this summer. To date, PyroGenesis has announced the sale of two (2) Systems, both of which
were preceded by successful paid-for-demonstrations.
“Both these announcements today are important,” said P. Peter Pascali, President and CEO of
PyroGenesis. “First, the successful demonstration with Client A has led, not only to discussions
regarding procurement of a System for the facility, but also to scheduling of further paid-fordemonstrations
at other facilities for Client A. We estimate that there is an immediate need for at
least another six (6) Systems with this client. Separately, and most importantly, is the significance of
having entered into a paid-for-demonstration with Client B to recover zinc from a zinc-based dross.
This demonstration is expected to take place during this summer and, if successful, should translate
into an immediate order. Although too early to tell, we expect that the economics and business case
for the zinc recovery Systems may rival those of the previous aluminum recovery Systems.”
“This announcement with respect to zinc recovery is indeed an important development,” said David
D’Aoust, Sales Manager, Drosrite™ of PyroGenesis. “As a result, PyroGenesis has effectively taken
the first step into the zinc recovery market with its patented Drosrite™ System, and which we estimate
to represent almost as great an opportunity as that for aluminum.”
“As previously announced, Drosrite™ is well on its way to becoming a solid contributor to
PyroGenesis’ bottom line and today’s announcements further underscores that fact,” said P. Peter
Pascali, President and CEO of PyroGenesis. “To put things in perspective, one only needs to
remember where we were this time last year with respect to this business line, and then fast forward
to today. Once again, PyroGenesis’ Board’s decision to target high value niche problems in various
industries is bearing fruit.”
PyroGenesis’ Drosrite™ System is a salt-free, cost-effective, sustainable process for maximizing
metal recovery from dross, a waste generated in the metallurgical industry. PyroGenesis’ patented
process avoids costly loss of metal while reducing a smelter’s carbon footprint and energy
consumption, providing an impressive return on investment. The System has been designed to process
and recover valuable metal such as aluminum, zinc and copper from dross.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a TSX Venture 50®
high-tech company, is the world leader in the design,
development, manufacture and commercialization of advanced plasma processes. We provide
engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process
equipment packages to the defense, metallurgical, mining, advanced materials (including 3D
printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists
and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility,
PyroGenesis maintains its competitive advantage by remaining at the forefront of technology
development and commercialization. Our core competencies allow PyroGenesis to lead the way in
providing innovative plasma torches, plasma waste processes, high-temperature metallurgical
processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008
certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the
TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. For more
information, please visit www.pyrogenesis.com
This press release contains certain forward-looking statements, including, without limitation,
statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”,
“intend”, “expect”, “in the process” and other similar expressions which constitute “forward- looking
information” within the meaning of applicable securities laws. Forward-looking statements reflect
the Corporation’s current expectation and assumptions and are subject to a number of risks and
uncertainties that could cause actual results to differ materially from those anticipated. These
forward-looking statements involve risks and uncertainties including, but not limited to, our
expectations regarding the acceptance of our products by the market, our strategy to develop new
products and enhance the capabilities of existing products, our strategy with respect to research and
development, the impact of competitive products and pricing, new product development, and
uncertainties related to the regulatory approval process. Such statements reflect the current views
of the Corporation with respect to future events and are subject to certain risks and uncertainties
and other risks detailed from time-to-time in the Corporation’s ongoing filings with the securities
regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com.
Actual results, events, and performance may differ materially. Readers are cautioned not to place
undue reliance on these forward-looking statements. The Corporation undertakes no obligation to
publicly update or revise any forward- looking statements either as a result of new information,
future events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or
accuracy of this press release.
SOURCE PyroGenesis Canada Inc.
For further information please contact: Rodayna Kafal, VP, Investor Relations and Strategic
Business Development, Phone: (514) 937-0002, E-mail: email@example.com
RELATED LINKS: https://www.pyrogenesis.com/