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PyroGenesis Canada awarded US$300,000 defense contract

Last updated: 09:26 14 Jan 2016 EST, First published: 04:26 14 Jan 2016 EST

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"In developing this System, PyroGenesis expects to neutralize dangerous chemicals and chemical weapons without creating any hazardous by-products," said Pierre Carabin, director of engineering at the company...

Clean tech group PyroGenesis Canada (TSX-V: PYR, OTCQB: PYRNF) has received a US$300,000 contract from the US defense department as part of  the gov'ts bid to destroy chemical warfare agents, it revealed.

PyroGenesis designs and develops plasma waste-to-energy systems and plasma torch products.

"This contract is to demonstrate the viability of using PyroGenesis' existing plasma chemical warfare agent destruction platform with locally available materials, for the complete eradication of chemical warfare agents without creating hazardous by-products," the firm told a regulatory statement.

"In developing this System, PyroGenesis expects to neutralize dangerous chemicals and chemical weapons without creating any hazardous by-products," said Pierre Carabin, director of engineering at the company.

Chief executive Peter Pascali added: "Being awarded this contract reflects the significant advances that we, at PyroGenesis, are achieving, and expect to continue to achieve, in the area of defense and chemical warfare agent destruction."

Ultimately, the goal of the department's programme is to develop a "one size fits all" technology to destroy any chemical warfare agents without requiring water or generating waste for post-processing.

Shares in Toronto were unchanged at C$0.21.

 

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