PyroGenesis Receives Purchase Order for Specialty Metal Powder from a Government Entity
MONTREAL, Dec. 17, 2018 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF), a TSX Venture 50® high-tech company, (the "Company", the “Corporation” or "PyroGenesis") a Company that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, is pleased to announce today that it received a purchase order to provide specialty metal powder from a government entity (the “Client”), the name, origin, amount, and type of powder are not permitted to be disclosed.
This order will require PyroGenesis to produce specialty reactive metal powder using its plasma atomization expertise. The Client intends to qualify this powder for undisclosed purposes.
First delivery is expected to occur Q1 2019. It is expected that, upon successful qualification, follow-on orders would be anticipated.
“Although small, under 1 ton, this commercial order reinforces the fact that we are, once again, the go-to Company for an entity that has, at its fingertips, many options. Not only does this opportunity allows us to expand our powder offerings but it also creates a potentially high value niche market, which, once again, highlights our competitive advantages,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “This order is clearly a recognition of PyroGenesis’ strengths as an innovative plasma Company, and further underscores our position, and value, to the Additive Manufacturing industry.”
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 and products. 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 9001:2015 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.
For further information please contact: Clémence Bertrand-Bourlaud, Marketing Manager/Investor Relations, Phone: (514) 937-0002, E-mail: ir@pyrogenesis.com
