PyroGenesis Canada Inc (TSX:PYR) (OTCQB:PYRNF) (FRA:8PY) said it has been awarded the Solar Impulse Efficient Solution (SIES) label from the Swiss Solar Impulse Foundation (SIF) for its proprietary APT high-powered (APT-HP) plasma torch for replacing fossil burners.
The purpose of the SIF and the SIES label is to identify existing solutions that are clean and profitable and have a positive impact on quality of life, as well as encouraging the worldwide adoption of more ambitious environmental targets and fast-tracking the implementation of these solutions globally.
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PyroGenesis, which designs, develops, and commercializes plasma atomized metal powder, plasma waste-to-energy systems, and plasma torch products, said to receive the SIES label, its plasma torches were subjected to a rigorous assessment by a group of independent experts who judged the torches against five criteria covering three main topics; feasibility, environmental and profitability.
In a statement, PyroGenesis chair and chief executive P. Peter Pascali said: “We are proud to receive this recognition from the Solar Impulse Foundation, which demonstrates PyroGenesis’ emerging leadership role in the reduction of greenhouse gas emissions, specifically as a provider of clean high-powered plasma torches used as a replacement of fossil fuel burners in industrial applications,”
“Having a technological solution labeled by the Foundation not only further validates the value of our high-powered plasma torches as a credible, innovative, profitable, and ecological solution, but also provides the company greater credibility and visibility in the marketplace,” the CEO added.
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