Canada Pyrogenesis Announces Tender

PyroGenesis Canada Inc. a high-tech company hereinafter referred to as the Company or PyroGenesis that designs develops manufactures and commercializes plasma atomized metal powders environmentally friendly plasma waste-toenergy systems and clean plasma torch products is pleased to announce today that it has received a Letter of Intent LOI from an existing client to purchase three 10-ton DROSRITE systems. The contract if finalized is expected to be in the range of 10-15 Million. The Clients name shall remain anonymous for competitive and confidential reasons.As a result of an existing clients decision to expand its aluminum processing facilities a need to process an additional 30 tons of dross is anticipated. At this stage three 10-ton DROSRITE systems are projected to be needed but this may change to a combination of 5-ton and 10-ton DROSRITE systems.This is indeed a very interesting development and one which we did not expect said P. Peter Pascali CEO and Chair of PyroGenesis. Todays announcement is confirmation of the rapid adoption of our environmental technologies within the aluminum industry. Our Drosrite offering enables smelters to operate in a more economical and environmentally friendly fashion.Aside from the three systems disclosed today PyroGenesis now has eleven 11 commercial Drosrite systems either in full operation delivered or in the process of being delivered added Mr. Pascali. Once all eleven systems are in operation the Company expects to benefit from a recurring revenue stream from spare sparts alone in excess of 4 Million per year. PyroGenesis DROSRITE system is a salt-free cost-effective sustainable process for maximizing metal recovery from dross a waste generated in the metallurgical industry. PyroGenesis process avoids costly loss of metal while reducing a smelters carbon footprint and energy consumption providing an impressive return on investment.