$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 萬美元的初步設計階段將於 2025 年第三季度完成
蒙特利爾,2024年7月29日(GLOBE NEWSWIRE)——加拿大PyroGenesis公司((多倫多證券交易所股票代碼:PYR)(OTCQX: PYRGF)(FRA: 8PY)是一家設計、開發、製造和商業化旨在減少溫室氣體(GHG)的先進等離子體工藝和可持續解決方案的高科技公司(“公司” 或 “PyroGenesis”)很高興地宣佈,除了其新聞之外它於2024年7月2日發佈了一份分兩階段的合同,爲一家歐洲實體完成陸基等離子廢物發電系統。第一階段包括概念和初步設計階段,金額約爲200萬美元(合130萬歐元),該階段從2024年第三季度開始,計劃持續不超過一年。設計階段的目的是確認並更準確地確定系統施工的數量級成本估算,根據系統的容量和所選副產品,該成本估計值在12000-16000萬美元(8000-10500萬歐元)之間。此外,在此階段,公司將通過可行性評估、範圍定義和風險識別進一步建立該項目的初始框架。如果第一階段證明是成功的,則各方承諾在遵守 (a) 最終融資分配和 (b) 第二階段協議(取決於設計階段的結果)的條款和條件(取決於設計階段的結果)的前提下推進該項目。等離子體廢物轉化爲能源系統的設計基於公司的等離子體資源回收系統(PRRS),這是一種廢物轉化爲能源的技術,可消除有毒化合物,同時將廢物轉化爲可重複使用的產品,例如合成氣和甲醇等化學品。客戶是歐洲財團,出於競爭和保密原因,該財團應保持匿名。
Pyrogenesis的PRRS系統旨在處理城市固體廢物(MSW)、工業廢物和危險廢物(液體、固體和污泥),將其轉化爲具有商業價值的產品,包括用於發電和發熱的氣態燃料、爐渣、適合建築的骨料以及用於回收的可回收金屬。基於該公司最初爲美國國防部開發的技術,PRRS利用等離子體的力量爲工業、市政和國防部門提供全面、包羅萬象的廢物管理解決方案,同時生產急需的清潔能源以滿足不斷增長的需求。靈活的多功能PRRS平台幾乎可以處理任何形式的廢物,併產生清潔能源和可銷售的建築材料,從而無需填埋垃圾。PRRS 的處理能力從每天處理 1 到 100 公噸不等。該客戶打算使用等離子廢物發電系統將城市固體廢物轉化爲能源和化學產品。
“隨着歐洲有關焚燒等高碳足跡/排放技術的立法繼續變得更加嚴格,我們看到對PRRS和類似系統的興趣同時增加。這不是我們第一次收到來自歐洲的類似規模系統的徵求建議書。” PyroGenesis總裁兼首席執行官彼得·帕斯卡利說。“我們非常有信心,我們將能夠滿足設計階段提出的要求,此外,我們期待成功完成該項目,並在碳排放和垃圾填埋場面臨壓力的地方複製結果。”
關於 PyroGenesis 加拿大公司
PyroGenesis Canada Inc. 是一家高科技公司,在先進等離子體工藝和可持續解決方案的設計、開發、製造和商業化方面處於領先地位,這些工藝和可持續解決方案可減少溫室氣體(GHG),是傳統 “骯髒” 工藝的替代方案,具有經濟吸引力。PyroGenesis創建了專有的、專利的先進等離子體技術,這些技術正在被四個龐大的市場(鐵礦石顆粒、鋁、廢物管理和增材製造)中數十億美元的行業領導者審查和採用。PyroGenesis擁有一支由經驗豐富的工程師、科學家和技術人員組成的團隊,在其蒙特利爾辦事處以及3,800平方米和2940平方米的製造工廠工作,通過保持技術開發和商業化的前沿來保持其競爭優勢。這些業務已獲得 ISO 9001:2015 和 AS9100D 認證,自 1997 年以來一直獲得 ISO 認證。欲了解更多信息,請訪問:.
本新聞稿包含適用證券法所指的 “前瞻性信息” 和 “前瞻性陳述”(統稱爲 “前瞻性陳述”)。在某些情況下,但不一定在所有情況下,前瞻性陳述可以通過使用前瞻性術語來識別,例如 “計劃”、“目標”、“期望” 或 “不期望”、“預期”、“機會存在”、“已定位”、“估計”、“打算”、“假設”、“預期” 或 “不預期” 或 “相信”,或者此類詞語和短語的變體或陳述某些行動、事件或結果 “可能”、“將”、“可能”、“將” 或 “將採取”、“發生” 或 “實現”。此外,任何提及對未來事件或情況的預期、預測或其他描述的陳述都包含前瞻性陳述。前瞻性陳述不是歷史事實,也不是未來業績的保證或保證,而是代表管理層當前對未來事件和經營業績的信念、預期、估計和預測。
前瞻性陳述必然基於許多觀點、假設和估計,儘管截至本新聞稿發佈之日,公司認爲這些觀點、假設和估計是合理的,但受固有的不確定性、風險和情況變化的影響,這些不確定性、風險和情況變化可能與前瞻性陳述所設想的存在重大差異。可能導致實際業績與前瞻性陳述所示結果存在重大差異的重要因素包括但不限於公司最新年度信息表中 “風險因素” 下確定的風險因素,以及公司已經和將來可能向證券委員會或類似監管機構提交的其他定期文件中列出的風險因素,所有這些文件均可在SEDAR+的公司簡介中查閱。這些因素並不代表可能影響公司的完整因素清單。但是,應仔細考慮此類風險因素。無法保證這樣的估計和假設會被證明是正確的。您不應過分依賴前瞻性陳述,這些陳述僅代表截至本新聞稿發佈之日。除非適用的證券法要求,否則公司沒有義務公開更新或修改任何前瞻性陳述。
多倫多證券交易所、其監管服務提供商(該術語在多倫多證券交易所的政策中定義)和OTCQX最佳市場均不對本新聞稿的充分性或準確性承擔責任。
欲了解更多信息,請聯繫:
Rodayna Kafal,IR/COMMS. 兼戰略業務副總裁
電子郵件:ir@pyrogenesis.com
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