MONTREAL, July 27, 2015 /CNW Telbec/ - PyroGenesis
Canada Inc. (http://pyrogenesis.com) (TSXV: PYR), a TSX Venture
50® clean-tech company (the "Company" or "PyroGenesis") that
designs, develops, manufactures and commercializes plasma
waste-to-energy systems and plasma torch products, announced today
that it commenced the application process for a US listing of
its common shares (the "Shares") on the OTCQB.
"The commercial success that we have been enjoying has generated
considerable interest from US investors, however it has been
difficult at times for these investors to invest in our Company,"
said P. Peter Pascali,
President & CEO of PyroGenesis. "A listing in the
USA is key to overcoming this
obstacle while at the same time providing PyroGenesis access to a
broader investment base, while at the same time strengthening our
financing flexibility and providing greater liquidity to our
shareholders."
The application is subject to review and approval by the OTC
Markets Group Inc., a US trading platform aimed at venture market
companies. Management is confident that the application
process will go smoothly and expects to be listed in the fall of
2015.
Of note, PyroGenesis' Shares will continue to be listed in
Canada on the TSX Venture Exchange
(the "TSXV"). The Company will continue to prepare its
financial reports in accordance with International Financial
Reporting Standards, and to file all public regulatory filings on
SEDAR.
Separately, PyroGenesis is pleased to announce the appointment
of Ms. Sophy Cesar as Vice
President, Investor Relations and Corporate Communications.
Ms. Cesar has over 15 years of experience specializing in
marketing, branding and operations. Prior to joining PyroGenesis,
Ms. Cesar was responsible for the management and execution of the
Investor Relations and Communications program for a TSX listed
company. She successfully implemented investor awareness campaigns
and deployed effective corporate communications strategies, both of
which included developing relevant support materials. She also
successfully raised tens of millions of dollars and supported the
company's graduation from the TSXV to Toronto's senior exchange: the TSX.
"Ms. Cesar's appointment to PyroGenesis is an important step
towards increasing the investment community's awareness and
understanding of the PyroGenesis story which should ultimately
increase shareholder value" stated Mr. Pascali.
In her role as Vice President, Investor Relations and Corporate
Communications at PyroGenesis, Ms. Cesar will serve as the
principal point of contact for the investment community, liaising
with analysts while establishing and maintaining relationships with
key, new, and existing investors as well as developing the
Company's strategic investor relations plan.
Investors are encouraged to contact Ms. Cesar with any questions
or for up to date information about the Company.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a TSX Venture 50® clean-tech company,
is the world leader in the design, development, manufacture and
commercialization of advanced plasma processes. We provide
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. With a team
of experienced engineers, scientists and technicians working out of
our Montreal office and our 3,800
m2 manufacturing facility, PyroGenesis maintains its
competitive advantage by remaining at the forefront of technology
development and commercialization. Our core competencies allow
PyroGenesis to lead the way in providing innovative plasma torches,
plasma waste processes, high-temperature metallurgical processes,
and engineering services to the global marketplace. Our operations
are ISO 9001:2008 certified, and have been since 1997. PyroGenesis
is a publicly-traded Canadian company on the TSX Venture Exchange
(Ticker Symbol: PYR). For more information, please visit
www.pyrogenesis.com
This press release contains certain forward-looking
statements, including, without limitation, statements containing
the words "may", "plan", "will", "estimate", "continue",
"anticipate", "intend", "expect", "in the process" and other
similar expressions which constitute "forward-looking information"
within the meaning of applicable securities laws. Forward-looking
statements reflect the Company's current expectation and
assumptions, and are subject to a number of risks and uncertainties
that could cause actual results to differ materially from those
anticipated. Such statements include but are not limited to
statements about the benefits of trading on the OTCQB, the timing
for approval of the trading of the Company's common shares on the
OTCQB and the possibility that the Company will be accepted for
trading on the OTCQB. These forward-looking statements involve
risks and uncertainties including, but not limited to, our
expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to
research and development, the impact of competitive products and
pricing, new product development, and uncertainties related to the
regulatory approval process. Such statements reflect the current
views of the Company with respect to future events and are subject
to certain risks and uncertainties and other risks detailed from
time-to-time in the Company's ongoing filings with the securities
regulatory authorities, which filings can be found at
www.sedar.com. Actual results, events, and performance
may differ materially. Readers are cautioned not to place undue
reliance on these forward-looking statements. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements either as a result of new information,
future events or otherwise, except as required by applicable
securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE PyroGenesis Canada Inc.