Canadian Firm Adds Civilian Order to Recent Military Deals

$3.6m Non-Military Order for Land-Based Waste to Energy System for PyroGenesis

Canadian plasma torch and waste to energy technology developer, PyroGenesis Canada, has received a $3.64 million purchase order for a non-military land-based waste treatment system, together with the first payment.

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“We fully expect that this will be the first of many systems ordered by the Client who will benefit, upon reaching a certain milestone, from a limited territorial exclusivity,” Mr. P. Peter Pascali, President and CEO of PyroGenesis.

Canadian plasma torch and waste to energy technology developer, PyroGenesis Canada, has received a $3.64 million purchase order for a non-military land-based waste treatment system, together with the first payment.

The company explained that its client and geographic area will remain confidential for competitive reasons, but that it expects to provide more details within the next two months.

PyroGenesis’ land-based waste System transforms waste to syngas, a gaseous fuel which can then be used to make electricity, heat, or fuels, as required by the end-user.

According to the manufacturer, the system converts the inorganic fraction of the waste into a glassy slag which is inert, non-toxic, and has been demonstrated to be suitable as a building material, and even jewelry.

“This sale is significant as it is the first non-military waste treatment System sold by PyroGenesis and signifies an important first step into this new market,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis.

“This contract, together with signed backlog, recently announced contract award, and the imminent US Navy contract for $13.5 million, portends to a backlog of over $40 million, which must be addressed within the next 18 months, come September. This does not include the $35 million of backlog in subsequent years. It is a very exciting time for the Company,” he concluded.

Delivery is scheduled to be in Q2, 2020.

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PyroGenesis, which develops and manufactures plasma-based waste to energy systems and plasma torch systems, has secured contracts with the US Military totalling US$509,000 for general ongoing upgrades and maintenance.