PyroGenesis Announces Corporate Name Change
November 12 2024 - 7:00AM
PyroGenesis Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF)
(FRA: 8PY), a high-tech company (the “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 announced that the Company’s name has been changed to
PyroGenesis Inc. from PyroGenesis Canada Inc. Simultaneously, the
French version of the Company’s name has changed to PyroGènese Inc.
from PyroGènese Canada Inc.
“This change to our name is a subtle but
important change as it better reflects who we are and what we are
doing,” noted P. Peter Pascali, President and CEO of PyroGenesis.
“With sales across 21 countries and counting, this name change is
part of an initiative to better express in all areas of
communication that we are an internationally focused company with
global reach.”
This name change does not involve any
restructuring, change of control, or other corporate
reorganization. This decision solely pertains to a more inclusive
and internationally resonant brand image. The name change does not
affect trading of the Company’s shares. The shares will continue to
trade on the TSX under the symbol PYR and through the OTCQX under
the symbol PYRGF. The new corporate name was effective on the
Canadian and US capital markets as of November 11, 2024, with no
change to the stock symbols.
Additionally, the Company is pleased to announce
that it has recently moved its headquarters to a larger location in
downtown Montreal. The move comes as a result of the Company having
outgrown its previous headquarters after more than 30 years in
Montreal’s historic Griffintown neighbourhood. The new office
location resides in the heart of downtown near Montreal Central
Station, the Queen Elizabeth Hotel, and the Bell Centre arena (home
of the Montreal Canadiens), and provides more modern amenities and
a smarter office layout, while also providing easier access for
employees and customers that use public transit.
PyroGenesis’ new corporate headquarters are now
located at 1100 René-Lévesque Boulevard West, Suite
1825, Montréal, Québec, Canada H3B 4N4. Phone
numbers will remain the same, with 514-937-0002 as the main
line.
About PyroGenesis Inc.
PyroGenesis Inc., a high-tech company, is a
proud 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.
Cautionary and Forward-Looking
Statements
This press release contains “forward-looking
information” and “forward-looking statements” (collectively,
“forward-looking statements”) within the meaning of applicable
securities laws. In some cases, but not necessarily in all cases,
forward-looking statements can be identified by the use of
forward-looking terminology such as “plans”, “targets”, “expects”
or “does not expect”, “is expected”, “an opportunity exists”, “is
positioned”, “estimates”, “intends”, “assumes”, “anticipates” or
“does not anticipate” or “believes”, or variations of such words
and phrases or state that certain actions, events or results “may”,
“could”, “would”, “might”, “will” or “will be taken”, “occur” or
“be achieved”. In addition, any statements that refer to
expectations, projections or other characterizations of future
events or circumstances contain forward-looking statements.
Forward-looking statements are not historical facts, nor guarantees
or assurances of future performance but instead represent
management’s current beliefs, expectations, estimates and
projections regarding future events and operating performance.
Forward-looking statements are necessarily based
on a number of opinions, assumptions and estimates that, while
considered reasonable by PyroGenesis as of the date of this
release, are subject to inherent uncertainties, risks and changes
in circumstances that may differ materially from those contemplated
by the forward-looking statements. Important factors that could
cause actual results to differ, possibly materially, from those
indicated by the forward-looking statements include, but are not
limited to, the risk factors identified under “Risk Factors” in
PyroGenesis’ latest annual information form, and in other periodic
filings that it has made and may make in the future with the
securities commissions or similar regulatory authorities, all of
which are available under PyroGenesis’ profile on SEDAR+ at
www.sedarplus.ca. These factors are not intended to represent a
complete list of the factors that could affect PyroGenesis.
However, such risk factors should be considered carefully. There
can be no assurance that such estimates and assumptions will prove
to be correct. You should not place undue reliance on
forward-looking statements, which speak only as of the date of this
release. PyroGenesis undertakes no obligation to publicly update or
revise any forward-looking statement, 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 OTCQX Best Market
accepts responsibility for the adequacy or accuracy of this press
release.
For further information please contact: Rodayna
Kafal, Vice President, IR/Comms. and Strategic BD E-mail:
ir@pyrogenesis.com RELATED LINK: http://www.pyrogenesis.com/
A photo accompanying this announcement is
available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/4eac091e-7a31-4295-a885-b0872e4b3d52
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