Publish Date : 15-Oct-2018
PyroGenesis Canada Inc., a TSX Venture 50 high-tech company, (the "Company", the Corporation or "PyroGenesis") a Company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch systems, is pleased to announce today that it has received a multi-million dollar order for two (2) DROSRITE furnace systems (the Systems) from an Asian client (the Client); the name, and value of the contract, remain confidential for competitive reasons. The Systems are the third and fourth commercial systems sold to date, and the first order from this new Client. Delivery of the Systems is expected to be in April 2019.
PyroGenesis DROSRITE system is a salt-free, cost-effective, sustainable process for maximizing metal recovery from dross, a waste generated in the metallurgical industry. PyroGenesis patented process avoids costly loss of metal while reducing a smelters carbon footprint and energy consumption, providing an impressive return on investment. The system has been designed to process and recover valuable metal such as aluminum, zinc and copper from dross.
DROSRITE has been many years in the making; from the original paid-for-demonstration, to the delivery and acceptance of a first commercial unit, to a reorder from the same customer, said Mr. Pierre Carabin, Chief Technology Officer of PyroGenesis. This order, announced today, from a new Client, positions PyroGenesis as a solid provider of industrial furnaces to the metallurgical industry; particularly to the aluminum sector. PyroGenesis DROSRITE system provides exceptional return on investment to our customers, all with a green technology that has, in our opinion, no equivalent in the market.
The previously announced paid-for-demonstration for zinc recovery in India is about to begin, and the trials are expected to be completed within the next ten (10) weeks. In addition, previously announced tolling discussions continue with potential joint venture partners. A successful site visit was recently completed.
This double order, from a new Client, reflects the fact that DROSRITE is finally gaining acceptance. The addition of the mini DROSRITE (500 TPY), to our original offering (5,000 TPY), together with the decision to embrace tolling opportunities, has effectively positioned PyroGenesis as a one stop shop for dross processing, said Mr. P. Peter Pascali, President and CEO of PyroGenesis. The announcement today must be taken in the context of what we are doing; we are essentially introducing a new technology into a very conservative industry. This is not a platform where change is expected and embraced. To the contrary, the mere fact that we claim to be able to process dross without salt is viewed skeptically and, as such, is another hurdle we had to overcome.
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