The Client's name shall remain anonymous for competitive and confidential reasons.
The Client, headquartered in
The Agreement outlines the initial steps for providing plasma specific information in support of the Client's energy-transition goals. The first step requires a computational fluid dynamics ('CFD') study to gather initial data to evaluate the use of plasma in the Client's chemical production boilers.
Once the CFD study is completed, and depending on the results, the Client has indicated that it would then proceed to a live experimental validation study within their facilities, using PyroGenesis' plasma torches, as per a separate to-be-negotiated agreement.
'This Agreement is yet another example of the fast-growing shift taking place across multiple heavy industries which are all being challenged to decarbonize,' said Mr.
About
PyroGenesis has created proprietary, patented and advanced plasm a 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
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.sec.gov. 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.
Contact:
Rodayna Kafal
Tel: (514) 937-0002
Email: ir@pyrogenesis.com
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