PyroGenesis Receives New U.S. Patent for the Destruction of Ozone Depleting Substances
27 September 2021 - 01:00PM
PyroGenesis Canada Inc. (http://pyrogenesis.com) (NASDAQ: PYR)
(TSX: PYR) (FRA: 8PY), a high-tech Company (hereinafter referred to
as the “Company” or “PyroGenesis”), that designs, develops,
manufactures and commercializes advanced plasma processes and
sustainable solutions to reduce greenhouse gases (GHGs), is pleased
to announce today that the United States Patent and Trademark
Office has issued a Notice of Allowance for U.S. Patent No.
11116069, entitled, “High power DC non transferred steam plasma
torch system”. This new patent covers the Company’s high power DC
steam plasma torch system, and relates to a steam plasma torch
assembly wherein superheated steam is used as the main plasma
forming gas, thereby resulting in a highly reactive steam plasma
plume. The system is then used to destroy ozone depleting
substances.
This high-power steam torch system is used in
PyroGenesis’ SPARC™ technology, a patented PyroGenesis process
designed to destroy ozone depleting substances such as end-of-life
(“EOL”) refrigerants like CFCs, HCFs, and HFCs, which have high
global warming potential (“GWP”). EOL refrigerants are potent
greenhouse gases with a GWP that can be thousands of times greater
than carbon dioxide (CO2).
Research suggests that the management, and
disposal, of HFC refrigerants is the best strategy to address
climate change globally. Quickly phasing down HFC use has the
potential to lower the effect of global warming by 0.5° C by 2100.1
In addition, the Environmental Protection Agency estimates
supermarkets in the U.S. alone leak an average of 25% of their
refrigerants annually2, which is equivalent to the emissions from
12.5 million passenger vehicles for one year.3
“Plasma torches that use steam as the main
plasma forming gas produce a plasma plume with a high concentration
of H+ and OH- ions,” said Mr. Pierre Carrabin, CTO and Chief
Strategist of PyroGenesis. “The steam plasma plume rich in these
chemically and highly reactive ions can be used in a wide range of
applications ranging from coal gasification to hazardous waste
treatment. Steam plasma torches have been used very successfully in
achieving difficult chemical conversion in other applications. We
are proud to have been awarded a patent to utilize a steam plasma
torch to destroy ozone-depleting substances as we believe there is
a huge untapped need for such a torch.”
“This patent represents a key milestone as we
roll out our SPARC™ technology; a technology which is specifically
geared to reducing ozone depleting substances,” said Mr. P. Peter
Pascali, CEO and Chair of PyroGenesis. “Our system has the
potential to reduce EOL refrigerants in a significant and efficient
manner while at the same time generating a very low carbon
footprint. This patent will provide intellectual property coverage
and help us secure a leading position as we move forward in
commercializing our SPARC™ technology worldwide.”
About PyroGenesis Canada
Inc.PyroGenesis Canada Inc., a high-tech company, is a
leader in the design, development, manufacture and
commercialization of advanced plasma processes and sustainable
solutions which reduce greenhouse gases (GHG), and are economically
attractive alternatives to conventional “dirty” processes.
PyroGenesis has created proprietary, patented and advanced plasma
technologies that are being vetted and adopted by multiple
multibillion dollar industry leaders in four massive markets: iron
ore pelletization, aluminum, waste management, and additive
manufacturing. With a team of experienced engineers, scientists and
technicians working out of its Montreal office, and its 3,800 m2
and 2,940 m2 manufacturing facilities, PyroGenesis maintains its
competitive advantage by remaining at the forefront of technology
development and commercialization. The operations are ISO 9001:2015
and AS9100D certified, having been ISO certified since 1997. 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 Corporation'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. 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 Corporation with respect to future events and are
subject to certain risks and uncertainties and other risks detailed
from time-to-time in the Corporation's ongoing filings with the
securities regulatory authorities, which filings can be found at
www.sedar.com, or at www.sec.gov. Actual results, events, and
performance may differ materially. Readers are cautioned not to
place undue reliance on these forward-looking statements. The
Corporation 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 Toronto Stock Exchange, its
Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) nor the NASDAQ Stock
Market, LLC accepts responsibility for the adequacy or accuracy of
this press release.
SOURCE PyroGenesis Canada Inc.
For further information please contact:Rodayna
Kafal, Vice President Investors Relations and Strategic Business
DevelopmentPhone: (514) 937-0002, E-mail: ir@pyrogenesis.comRELATED
LINK: http://www.pyrogenesis.com/
1
https://www.kqed.org/science/1973205/refrigerants-are-the-worst-greenhouse-gas-youve-never-heard-of-heres-what-you-can-do2
https://www.epa.gov/sites/default/files/documents/gc_averagestoreprofile_final_june_2011_revised_1.pdf3
https://www.kqed.org/science/1973205/refrigerants-are-the-worst-greenhouse-gas-youve-never-heard-of-heres-what-you-can-do
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