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PyroGenesis Canada (TSXV:PYR) (OTCQB:PYRNF) has filed a provisional patent for a one step process using plasma for producing high purity silicon from silica.

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The PUREVAP™ is a proprietary process that uses a plasma arc within a vacuum furnace to produce high purity, metallurgical grade silicon, solar grade silicon and polysilicon from quartz.

Additional Information:

Company: PyroGenesis Canada
Website: http://www.pyrogenesis.com/
Stock Symbol: TSXV:PYR
Date Published: Sep 29, 2015
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch media

PyroGenesis Canada TSXV:PYR) (OTCQB:PYRNF) has filed a provisional patent for a one step process using plasma for producing high purity silicon from silica.

The PUREVAP™ is a proprietary process that uses a plasma arc within a vacuum furnace to produce high purity, metallurgical grade silicon, solar grade silicon and polysilicon from quartz.

Pierre Carabin, Director of Engineering, stated: “We expect this process to not only have strategic significance with respect to Silicon, but will allow PyroGenesis to further develop distinct plasma processes geared to refining other high grade and valuable metals as well. Applying plasma to silica in this manner is another example of how PyroGenesis is finding high value niche markets for its plasma based processes."

Peter Pascali, President and CEO, added: "Advances in solar energy and electronic applications have made silicon a strategic material in the 21st century. The world consumption of silicon metal in 2014 alone exceeded US$ 6 billion. Therefore, there is a significant need to finding ways to reduce the cost of producing strategic materials and PyroGenesis' processes are poised to do just that."

The company has a track record of building complex systems around its core plasma technology, allowing PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace.

With a team of experienced engineers, scientists and technicians working out of its Montreal office and 3,800 square metre manufacturing facility, the company provides 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.

The company posted revenues of $1,533,667 for the second quarter of fiscal year 2015 ended June 30, 2015, a decrease of 22% as compared to the $1,958,534 reported in the same period of fiscal 2014.

The revenues for the 2nd quarter of 2015 resulted primarily from the company's progress on:
(i) work completed under phase 1 and phase 2 of the tactical mobile plasma system for destruction of chemical warfare agents,
(ii) the ongoing R&D projects incorporating novel plasma based technologies in the oil and gas industrial sector, and
(iii) work completed on the Company's latest project to manufacture ten plasma based powder production systems for 3D printing.

The backlog at the end of August stood at $15.7 million, representing approximately 2.6 times the revenues recorded for the 2014 fiscal year.

In June, analyst Fadi Benjamin of Pope & Company, called the company a top pick, giving it a buy rating, assigning a price target of $1.00, a premium of 185% to the $0.35 price on June 11th, the day the report was issued.

The company currently trades at $0.25 and with 84.8 million shares outstanding, is capitalized at $21.2 million.

For a more information, please visit the company`s website at www.pyrogenesis.com, contact P. Peter Pascali, President & CEO at 514-937-0002 or email ir@pyrogenesis.com.
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I’m Samantha Deutscher for Investmentpitch media