PyroGenesis Secures $1.15 MM Phase 2 Contract Award from Innovative Solutions Canada to Develop a Hybrid Ceramic Powder Processing System

PyroGenesis Secures $1.15 MM Phase 2 Contract Award from Innovative Solutions Canada to Develop a Hybrid Ceramic Powder Processing System

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MONTREAL, Oct. 19, 2021 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY), a high-tech Firm (hereinafter known as the “Firm” or “PyroGenesis”), that designs, develops, manufactures and commercializes superior plasma processes and sustainable options to cut back greenhouse gases, is happy to announce that it has been awarded an Innovative Solutions Canada (ISC) Section 2 (Prototype Growth) contract of roughly $ 1.15 MM to develop a singular hybrid ceramic powder (HCP) processing system for the National Research Council Canada , Canada’s largest federal analysis and growth group.

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Carbon nanotubes maintain important potential for mechanical reinforcement in composite supplies, together with ceramic composites. Nevertheless, the bundling of the carbon nanotubes has prevented this potential from being realized. PyroGenesis’ system makes use of a thermal plasma course of to concurrently synthesize carbon nanotubes and deposit them on a ceramic powder inside a single plasma reactor. PyroGenesis is within the strategy of constructing an built-in and automatic system to supply prime quality ceramic powder merchandise in a secure, economical, and extremely scalable method. PyroGenesis would first optimize the method, then finalize the design and manufacturing of the system. The Section 2 mission follows a profitable Section 1 proof of idea.

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“The primary aggressive benefit of our answer is the flexibility to course of ceramic powder in the identical reactor because the carbon nanotube synthesis, permitting for manufacturing in a single step,” stated Mr. Pierre Carabin, CTO and Chief Strategist of PyroGenesis. “We imagine this course of will show much more environment friendly and scalable than standard applied sciences such because the Chemical Vapor Deposition (CVD) course of. Moreover, we imagine that our know-how is able to processing quite a lot of composite supplies, which might result in the event of recent IP and product strains for different specialty powder manufacturing applied sciences.”

“This Section 2 award displays our dedication to growing revolutionary know-how options,” stated Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “The success of this revolutionary course of would enable us to additional increase our capabilities in carbon nanotube and specialty powder manufacturing. Along with its business potential, this course of supplies quite a few environmental advantages. As an example, the principle supply of vitality to drive the plasma torch can be renewable hydroelectric energy.   We’re extraordinarily proud to have been chosen by the Authorities of Canada for this award, and imagine our choice aligns with the objectives of this program by supporting technological innovation and fostering financial growth.”

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About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech firm, is a pacesetter within the design, growth, manufacture and commercialization of superior plasma processes and sustainable options which cut back greenhouse gases (GHG), and are economically engaging options to traditional “soiled” processes. PyroGenesis has created proprietary, patented and superior plasma applied sciences which are being vetted and adopted by a number of multibillion greenback business leaders in 4 large markets: iron ore pelletization, aluminum, waste administration, and additive manufacturing. With a crew of skilled engineers, scientists and technicians understanding of its Montreal workplace, and its 3,800 m2 and a pair of,940 m2 manufacturing amenities, PyroGenesis maintains its aggressive benefit by remaining on the forefront of know-how growth and commercialization.  The operations are ISO 9001:2015 and AS9100D licensed, having been ISO licensed since 1997. For extra info, please go to: www.pyrogenesis.com .

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This press launch incorporates sure forward-looking statements, together with, with out limitation, statements containing the phrases “might”, “plan”, “will”, “estimate”, “proceed”, “anticipate”, “intend”, “anticipate”, “within the course of” and different comparable expressions which represent “forward- wanting info” throughout the which means of relevant securities legal guidelines. Ahead-looking statements mirror the Company’s present expectation and assumptions and are topic to plenty of dangers and uncertainties that might trigger precise outcomes to vary materially from these anticipated. These forward-looking statements contain dangers and uncertainties together with, however not restricted to, our expectations concerning the acceptance of our merchandise by the market, our technique to develop new merchandise and improve the capabilities of current merchandise, our technique with respect to analysis and growth, the impression of aggressive merchandise and pricing, new product growth, and uncertainties associated to the regulatory approval course of. Such statements mirror the present views of the Company with respect to future occasions and are topic to sure dangers and uncertainties and different dangers detailed from time-to-time within the Company’s ongoing filings with the securities regulatory authorities, which filings could be discovered at www.sedar.com , or at www.sec.gov . Precise outcomes, occasions, and efficiency might differ materially. Readers are cautioned to not place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly replace or revise any forward- wanting statements both on account of new info, future occasions or in any other case, besides as required by relevant securities legal guidelines. Neither the Toronto Inventory Trade, its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the Toronto Inventory Trade) nor the NASDAQ Inventory Market, LLC accepts duty for the adequacy or accuracy of this press launch.

SOURCE PyroGenesis Canada Inc.

For additional info please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
Cellphone: (514) 937-0002, E-mail: ir@pyrogenesis.com

RELATED LINK: http://www.pyrogenesis.com/

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