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PyroGenesis Canada Inc
Symbol PYR
Shares Issued 170,416,955
Close 2021-10-27 C$ 4.43
Recent Sedar Documents

PyroGenesis wins contract for anti-PFAS system

2021-10-28 10:49 ET - News Release

Mr. P. Peter Pascali reports

PYROGENESIS SELECTED TO PROVIDE $9.2 MILLION LAND-BASED SYSTEM TO DESTROY PFAS; AN EMERGING HAZARDOUS WASTE STREAM

PyroGenesis Canada Inc. has been selected to provide a $9.2-million land-based system to destroy perfluoroalkyl and polyfluoroalkyl substances (PFAS). The client is a large operator of public water systems whose name will remain confidential for competitive reasons.

PyroGenesis was recently informed that, after a competitive bidding process, it had been selected to provide its plasma-based thermal process equipment in a two-phase project geared to providing a land-based system to destroy PFAS. The first phase is to provide pilot testing. The second phase is geared to a full fabrication, furbishing and commissioning of a fully commercial land-based system. The time to completion is, from the signing of the contract, approximately six months for the pilot system with the time frame for the full system to be determined based on phase 1. Work will not begin until a definitive agreement is signed by both parties. PyroGenesis is currently pursuing two additional opportunities within the same state in the United States.

PFAS are man-made chemicals that have been widely used in consumer products in various industries, such as aerospace, automotive and construction, among others, for many decades. Products that may contain PFAS include non-stick cookware, stain-resistant coatings used on carpets, upholstery and other fabrics, water-resistant clothing, cleaning products, personal care and cosmetics products, and any other product that resists grease, water and oil. Because of their widespread use, and strong chemical bonds and properties, which account for their persistence in the environment, PFAS are proving to be persistent pollutants that affect humans and wildlife, as they are likely to be exposed to these chemicals by consuming contaminated water or food, using products made with PFAS, or breathing air containing PFAS.

It has been documented that PFAS are synthetic chemical compounds that are increasingly being considered as an emerging contaminant. The term "emerging contaminant" is not defined in regulations but generally refers to pollutants for which there are concerns regarding public health effects and are either not regulated or only recently starting to be regulated. Considered harmful "forever chemicals," these substances have been in the proverbial hot seat of regulators around the world. These substances are increasingly becoming a health concern worldwide as they were only recently designated emergent/hazardous substances. Studies have shown that PFAS exposure may interfere with the body's natural hormones; increase cholesterol levels; affect the immune system; and increase the risk of cancer. In fact, a report from the Centers for Disease Control and Prevention's National Health and Nutrition Examination Survey (NHANES) has indicated that PFAS are found in the blood of 97 per cent of Americans.

"PFAS are obviously a waste stream that has to be addressed, and in short order. As such, we are extremely proud to have been selected, in a highly competitive bidding process, to provide our proprietary plasma-based environmental solution to this significant problem facing the world," said P. Peter Pascali, chief executive officer and chair of PyroGenesis. "The significance of this announcement goes far beyond the announcement itself as it represents our first commercial land-based system sold outside of the military and has opened up a significant opportunity for our land-based offerings within this segment. Outside the needs of our current client, there are many companies facing the same challenge and we fully expect to be providing similar solutions to these entities as well."

About PyroGenesis Canada Inc.

PyroGenesis Canada, 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, 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-square-metre and 2,940-square-metre manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO (International Organization for Standardization) 9001:2015 and AS9100D certified, having been ISO certified since 1997.

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