$2 million preliminary design stage to be completed by Q3 2025
MONTREAL, July 29, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. ( (TSX:PYR) (OTCQX:PYRGF) (FRA:8PY), a high-tech company (the "Company" or "PyroGenesis") that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce that, further to its news release dated July 2, 2024, it has signed a 2-stage contract to complete a land-based Plasma Waste-to-Energy System for a European entity. The first stage consists of a conceptual and preliminary design phase for approximately $2 million (€1.3 million) which commences in Q3 2024 and is scheduled to last no more than one year. The purpose of the design phase is to confirm, and more precisely determine, the order of magnitude cost estimate of the system's construction, which shall range between $120-160 million (€80-105 million) depending on the system's capacity and the selected by-product. In addition, during this phase, the Company will further establish the initial framework for the project through feasibility assessments, scope definition, and risk identification. Should this first stage prove successful, then the parties are committed, subject to (a) final financing allocation and (b) terms and conditions of the second stage agreement (which is dependent on the results of the design phase), to move forward with the project. The design of the Plasma Waste-to-Energy System is based on the Company's Plasma Resource Recovery System (PRRS), a waste-to-energy technology that eliminates toxic compounds while transforming waste into reusable products such as syngas and chemicals such as methanol. The client is a European consortium that shall remain anonymous for competitive and confidentiality reasons.
PyroGenesis' PRRS system is designed to process municipal solid waste (MSW), industrial waste, and hazardous waste (liquid, solid, and sludge), transforming such into commercially valuable products, which include gaseous fuel for electricity and heat generation, slag, aggregates suitable for construction, and recoverable metals for recycling. Based on technology originally developed by the Company for the US Department of Defense, the PRRS harnesses the power of plasma to provide industry, municipalities and the defense sector with a comprehensive, all-encompassing solution to waste management, while producing much-needed clean energy to meet that growing need. The flexible, versatile PRRS platform can process virtually any form of waste and generate clean energy and marketable construction materials, eliminating the need for landfills. The PRRS is available in capacities ranging from 1 to 100 metric tonnes per day of processing. The client intends to use the Plasma Waste-to-Energy System to transform MSW into both energy and chemical products.
"As European legislation concerning high carbon footprint/emission technologies, such as incineration, continues to become more restrictive, we are seeing a parallel uptick in interest in our PRRS and similar systems. This was not the first request for proposal we had received for similar sized systems from Europe," says P. Peter Pascali, President and CEO of PyroGenesis. "We are extremely confident that we will be able to meet the requirement set out in the design phase, and moreover we look forward to successfully completing this project and replicating the result wherever carbon emissions and landfills are under pressure."
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional "dirty" processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. For more information, please visit: .
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under "Risk Factors" in the Company's latest annual information form, and in other periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under the Company's profile on SEDAR+ at . These factors are not intended to represent a complete list of the factors that could affect the Company. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws.
Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release.
For further information please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
E-mail: ir@pyrogenesis.com
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200 万美元的初步设计阶段将于 2025 年第三季度完成
蒙特利尔,2024年7月29日(GLOBE NEWSWIRE)——加拿大PyroGenesis公司((多伦多证券交易所股票代码:PYR)(OTCQX: PYRGF)(FRA: 8PY)是一家设计、开发、制造和商业化旨在减少温室气体(GHG)的先进等离子体工艺和可持续解决方案的高科技公司(“公司” 或 “PyroGenesis”)很高兴地宣布,除了其新闻之外它于2024年7月2日发布了一份分两阶段的合同,为一家欧洲实体完成陆基等离子废物发电系统。第一阶段包括概念和初步设计阶段,金额约为200万美元(合130万欧元),该阶段从2024年第三季度开始,计划持续不超过一年。设计阶段的目的是确认并更准确地确定系统施工的数量级成本估算,根据系统的容量和所选副产品,该成本估计值在12000-16000万美元(8000-10500万欧元)之间。此外,在此阶段,公司将通过可行性评估、范围定义和风险识别进一步建立该项目的初始框架。如果第一阶段证明是成功的,则各方承诺在遵守 (a) 最终融资分配和 (b) 第二阶段协议(取决于设计阶段的结果)的条款和条件(取决于设计阶段的结果)的前提下推进该项目。等离子体废物转化为能源系统的设计基于公司的等离子体资源回收系统(PRRS),这是一种废物转化为能源的技术,可消除有毒化合物,同时将废物转化为可重复使用的产品,例如合成气和甲醇等化学品。客户是欧洲财团,出于竞争和保密原因,该财团应保持匿名。
Pyrogenesis的PRRS系统旨在处理城市固体废物(MSW)、工业废物和危险废物(液体、固体和污泥),将其转化为具有商业价值的产品,包括用于发电和发热的气态燃料、炉渣、适合建筑的骨料以及用于回收的可回收金属。基于该公司最初为美国国防部开发的技术,PRRS利用等离子体的力量为工业、市政和国防部门提供全面、包罗万象的废物管理解决方案,同时生产急需的清洁能源以满足不断增长的需求。灵活的多功能PRRS平台几乎可以处理任何形式的废物,并产生清洁能源和可销售的建筑材料,从而无需填埋垃圾。PRRS 的处理能力从每天处理 1 到 100 公吨不等。该客户打算使用等离子废物发电系统将城市固体废物转化为能源和化学产品。
“随着欧洲有关焚烧等高碳足迹/排放技术的立法继续变得更加严格,我们看到对PRRS和类似系统的兴趣同时增加。这不是我们第一次收到来自欧洲的类似规模系统的征求建议书。” PyroGenesis总裁兼首席执行官彼得·帕斯卡利说。“我们非常有信心,我们将能够满足设计阶段提出的要求,此外,我们期待成功完成该项目,并在碳排放和垃圾填埋场面临压力的地方复制结果。”
关于 PyroGenesis 加拿大公司
PyroGenesis Canada Inc. 是一家高科技公司,在先进等离子体工艺和可持续解决方案的设计、开发、制造和商业化方面处于领先地位,这些工艺和可持续解决方案可减少温室气体(GHG),是传统 “肮脏” 工艺的替代方案,具有经济吸引力。PyroGenesis创建了专有的、专利的先进等离子体技术,这些技术正在被四个庞大的市场(铁矿石颗粒、铝、废物管理和增材制造)中数十亿美元的行业领导者审查和采用。PyroGenesis拥有一支由经验丰富的工程师、科学家和技术人员组成的团队,在其蒙特利尔办事处以及3,800平方米和2940平方米的制造工厂工作,通过保持技术开发和商业化的前沿来保持其竞争优势。这些业务已获得 ISO 9001:2015 和 AS9100D 认证,自 1997 年以来一直获得 ISO 认证。欲了解更多信息,请访问:.
本新闻稿包含适用证券法所指的 “前瞻性信息” 和 “前瞻性陈述”(统称为 “前瞻性陈述”)。在某些情况下,但不一定在所有情况下,前瞻性陈述可以通过使用前瞻性术语来识别,例如 “计划”、“目标”、“期望” 或 “不期望”、“预期”、“机会存在”、“已定位”、“估计”、“打算”、“假设”、“预期” 或 “不预期” 或 “相信”,或者此类词语和短语的变体或陈述某些行动、事件或结果 “可能”、“将”、“可能”、“将” 或 “将采取”、“发生” 或 “实现”。此外,任何提及对未来事件或情况的预期、预测或其他描述的陈述都包含前瞻性陈述。前瞻性陈述不是历史事实,也不是未来业绩的保证或保证,而是代表管理层当前对未来事件和经营业绩的信念、预期、估计和预测。
前瞻性陈述必然基于许多观点、假设和估计,尽管截至本新闻稿发布之日,公司认为这些观点、假设和估计是合理的,但受固有的不确定性、风险和情况变化的影响,这些不确定性、风险和情况变化可能与前瞻性陈述所设想的存在重大差异。可能导致实际业绩与前瞻性陈述所示结果存在重大差异的重要因素包括但不限于公司最新年度信息表中 “风险因素” 下确定的风险因素,以及公司已经和将来可能向证券委员会或类似监管机构提交的其他定期文件中列出的风险因素,所有这些文件均可在SEDAR+的公司简介中查阅。这些因素并不代表可能影响公司的完整因素清单。但是,应仔细考虑此类风险因素。无法保证这样的估计和假设会被证明是正确的。您不应过分依赖前瞻性陈述,这些陈述仅代表截至本新闻稿发布之日。除非适用的证券法要求,否则公司没有义务公开更新或修改任何前瞻性陈述。
多伦多证券交易所、其监管服务提供商(该术语在多伦多证券交易所的政策中定义)和OTCQX最佳市场均不对本新闻稿的充分性或准确性承担责任。
欲了解更多信息,请联系:
Rodayna Kafal,IR/COMMS. 兼战略业务副总裁
电子邮件:ir@pyrogenesis.com
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