PyroGenesis Announces $360,000 Initial Contract for a Plasma-Based PACWAD System for Chemical Warfare Waste Destruction

MONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) a high-tech company (“Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce the receipt of an initial contract valued at 250,000 € (approximately CA$360,000) (the “Contract”) from a European engineering services firm (the “Client”) undertaking the discovery and safe destruction of chemical warfare agents with the European Union. The contract includes a 45% upfront payment of the total contract value, or 112,500 € (approximately CA$160,000), which has already been received.

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