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PyroGenesis highlighted as one of the key technology providers on the world’s most advanced High Tech Air Craft Carrier

November 26, 2013

MONTREAL, Nov. 26, 2013 /PRNewswire/ – PyroGenesis Canada Inc.
(“PyroGenesis” or the “Company”) (TSXV: PYR), an environmental
solutions company that designs, develops and manufactures plasma
waste-to-energy systems and plasma torch products, is proud to be
highlighted as one of the key high tech advances being showcased in
America’s first next-gen aircraft carrier (http://news.cnet.com/8301-11386_3-57611603-76/americas-first-next-gen-aircraft-carrier-takes-high-tech-to-sea/)

The USS Gerald Ford (CVN-78) carrier was christened two weeks ago and is
the first of the most advanced class of aircraft carriers ever built
with the last carrier being delivered over 10 years ago. PyroGenesis’
patented Plasma Arc Waste Destruction System (PAWDS) was highlighted as
one of the key advanced technologies featured on this state of the art
vessel. Developed by PyroGenesis in Canada, this green technology is
able to process waste generated by 5000 sailors and can be operated
with the push of a single button.

“This is indeed a great moment not only for PyroGenesis but Canada as a
whole. To have our technology highlighted as the green technology of
choice on one of the most advanced technology platforms in the world is
clearly a defining moment for Canada; akin to the deployment of the
CanadaArm on the International space station”, said P. Peter Pascali,
President and CEO of PyroGenesis

“PyroGenesis’ system was chosen in a highly competitive environment; its
design is five times smaller and half the weight of a conventional
marine incinerator. The launch of the USS Gerald Ford reaffirms PAWDS
as a proven and state of the art solution for waste management, and
underscores PyroGenesis’ ability to handle extremely complex/hazardous
waste challenges that no other technology can contend with. As such
PyroGenesis is expanding the use of PAWDS as a mobile land based waste
destruction solution for hazardous liquid and gaseous wastes”, said
Gillian Holcroft, Executive VP, Strategic Alliances for PyroGenesis.

“This is the first new aircraft carrier class since the USS Nimitz in
1968, and America’s first new carrier of any kind since the USS George
H.W. Bush was completed in 2003. The USS Gerald R. Ford is the
first-of-its-class carrier, ushering in an era of high-tech aircraft
carriers. So far two of Pyrogenesis’ PAWDS systems have been ordered,
but if the Nimitz-class carriers and Enterprise were to be replaced on a one-for-one basis, eleven carriers would be
required over the life of the program representing a revenue stream to
PyroGenesis of at least $50MM, and this does not include revenues from
PAWDS land based applications”, said P. Peter Pascali, President and
CEO of PyroGenesis.

About PyroGenesis Canada Inc.

PyroGenesis Canada is an environmental solutions company that designs,
develops and manufactures plasma waste-to-energy systems and plasma
torch products. PyroGenesis’ proprietary plasma technologies utilize
the intense energy of plasma to gasify and vitrify virtually any type
of waste without producing hazardous by-products. PyroGenesis’ patented
gasification and vitrification technology is different from
incineration because it produces a clean synthetic gas from waste,
which can be used for power generation. PyroGenesis’ technology can
also turn waste into a glassy rock that can be utilized as construction
material. PyroGenesis has marquee defense industry and civilian
customers that are using its technology in marine and land-based
applications. For more information, please visit www.pyrogenesis.com

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
Company’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 Company with respect to future events and are subject to certain
risks and uncertainties and other risks detailed from time-to-time in
the Company’s ongoing filings with the securities regulatory
authorities, which filings can be found at www.sedar.com. Actual
results, events, and performance may differ materially. Readers are
cautioned not to place undue reliance on these forward-looking
statements. The Company 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
.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

SOURCE PyroGenesis Canada Inc.


Source: PR Newswire