PyroGenesis Signs $2.5 Million Contract with Global Environmental Services Company

First payment of $400,000 received

MONTREAL, Jan. 27, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company that designs, develops, manufactures, and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, announces that its subsidiary, Pyro Green-Gas Inc. (“Pyro Green-Gas”), has signed a contract totaling US$1.74 million (approx. CA$2.5 million) with one of the world’s largest integrated environmental services companies as part of a large urban waste-to-energy project.

An initial payment of CA$400,000 has been received. The multi-national, multi-billion-dollar revenue client provides services to public utilities in dozens of countries worldwide. The client’s name is being withheld for competitive and confidentiality reasons.

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Contract Details

The contract is for the engineering, design, and delivery of components related to gas flaring, which provides for the safe and environmentally friendly removal of peripheral emissions considered unworthy of processing during the production of renewable natural gas (RNG). The technology will be installed at a large U.S.-based organic waste-to-RNG facility, which was built to produce pipeline-quality natural gas that can be added to the natural gas supply for a major U.S. metropolitan area.

"This announcement highlights our continued commitment to providing sustainable technology solutions that contribute to the expansion of the energy grid, while also improving the environment by controlling and eliminating hazardous air pollutants," noted P. Peter Pascali, President and CEO of PyroGenesis. "Our engineering skills and technologies are crucial to projects like this, where transforming organic waste to energy helps (i) introduce more capacity to the grid, (ii) reduce landfills, and (iii) solve the energy transition challenges facing large urban areas. We are excited to kick off this initial project with this internationally respected world-class customer, and we look forward to developing this partnership to drive innovation and address the pressing energy and environmental challenges of our times."

It is expected that this contract will be completed in 2025.

Pyro Green-Gas' Role in Energy Transition

Pyro Green-Gas' development of various technologies for use in gas flaring and renewable natural gas production are part of the company’s three-tiered solution ecosystem that aligns with economic drivers key to global heavy industry.

• Flaring technologies are part of the company’s Energy Transition & Emissions Reduction tier, where gas purification, separation, and conversion technologies and fuel switching utilize the company’s electric-powered plasma torches, helping heavy industry reduce greenhouse gas emissions and fossil fuel use.

• The other tiers include Waste Remediation and Commodity Security and Optimization.

About Pyro Green-Gas Inc.

Pyro Green-Gas Inc. offers technologies, equipment, and expertise in the area of biogas upgrading as well as air pollution controls. Pyro Green-Gas designs and builds:

• Gas upgrading systems to convert biogas to renewable natural gas (RNG)
  
• Pyrolysis-gas purification
  
• Biogas & landfill-gas flares and thermal oxidizers
  
• Purification of coke-oven gas (COG), a by-product in the primary steel industry, into high-purity hydrogen, which is in high demand across the industry
  

Pyro Green-Gas is also renowned for its landfill gas flares, which reduce greenhouse gas emissions from landfills.

About PyroGenesis Inc.

PyroGenesis, a high-tech company, is a leader in the design, development, manufacture, and commercialization of advanced plasma processes and sustainable solutions that reduce greenhouse gases (GHG) and offer economically attractive alternatives to conventional "dirty" processes.

PyroGenesis has developed 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 industry
  
• Waste management
  
• Additive manufacturing
  

With a team of experienced engineers, scientists, and technicians, PyroGenesis operates from its Montreal headquarters, which houses 3,800 m² and 2,940 m² manufacturing facilities.

The company 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.

PyroGenesis’ shares are publicly traded on:

• TSX in Canada (TSX: PYR)
  
• OTCQX in the US (OTCQX: PYRGF)
  
• Frankfurt Stock Exchange in Germany (FRA: 8PY)