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PyroGenesis Canada (TSXV: PYR) Signs exclusive $500,000 marketing license

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PyroGenesis Canada, symbol PYR on the TSX Venture Exchange, has signed an exclusive marketing License Agreement with a large Asian clean-tech project developer for $500,000, with a further commitment to purchase waste treatment systems with a value exceeding $120 million.

Additional Information:

Company: PyroGenesis Canada
Website: http://www.pyrogenesis.com/
Stock Symbol: TSXV: PYR
Date Published: Mar 4, 2015
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch media

PyroGenesis Canada, symbol PYR on the TSX Venture Exchange, has signed an exclusive marketing License Agreement with a large Asian clean-tech project developer for $500,000, with a further commitment to purchase waste treatment systems with a value exceeding $120 million.

The License calls for a non-refundable payment of $250,000 over the next 2 weeks; and a further payment of $250,000 within 6 weeks, together with a signed order for six 50-tonne per day waste treatment systems.

These Systems, wherein PyroGenesis uses high-temperature and highly-reactive plasma to destroy a wide range of municipal, hazardous, biomedical and other high-value wastes, often to recover both energy and other useful by-products, typically sell for $20-30 million each depending on the features requested and/or the waste stream being processed.

As is their custom, the company, for competitive reasons, does not usually divulge the name of the customer or the country involved, except to note that the country in question is highly industrialized and is not China.

Peter Pascali, President and CEO stated: "We have been working with this Licensee on a non-exclusive basis for several years now, during which time they have been aggressively promoting our product lines, particularly our environmental offerings. We were asked by the Licensee last fall to attend and support a large business development effort, which we did, and this was the culmination of many years of strategic marketing. PyroGenesis has been highly focused over the past several months to conclude the transaction which we announced today; it is truly a watershed moment for the Company."

The company has a demonstrated track record of building complex systems around its core plasma technology, which have applications within, but not limited to, defense, specialty powders, oil & gas, environmental, metallurgical and mining industries.

To date, the company has sold two waste destruction systems, built for aircraft carriers, to the U.S. Navy for approximately $15 million, which serves as a significant technology validation for the company.

Following the recent launch of production of a first of its kind Tactical Mobile Plasma System for the Destruction of Chemical Warfare Agents, such as those being dealt with in Syria, Toronto investment firm Pope & Company reiterated its buy rating, with Analyst Fadi Benjamin giving a 12 month target price of $1.00, a premium of 285% to the $0.26 price of March 2nd, the day the report was issued.

Analyst Fadi Benjamin stated: “We remain impressed by the caliber of Pyrogenesis’ clients and its credibility in the Defence industry. The client’s interest in spending $100 million to test the units would lead us to expect a sizeable order upon completing of testing.”

In this case, the client, US Special Operations, was disclosed.

The company currently trades at $0.32 and with 84.8 million shares outstanding, is capitalized at $27.1 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
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