PyroGenesis confirms receipt of $445,200M milestone payment for SPARC

PyroGenesis Canada announces that, further to its press release dated February 6, 2023, it has received a milestone payment of $445,200 associated with the engineering phase for its SPARC(TM) refrigerant waste destruction system, from the government-mandated organization known as Cool-Safe. The engineering phase of the SPARC refrigerant waste destruction system has reached a crucial milestone, triggering the subject payment. With the engineering phase nearing completion, PyroGenesis is on track as previously estimated and has already begun the fabrication process. The company expects to complete the fabrication phase by the first quarter of 2024. “We are very pleased with the progress to date and look forward to the completion of the fabrication phase,” said Mr. Pierre Carabin, CTO of PyroGenesis. “We firmly believe that the SPARC(TM) system will be instrumental in driving forwards the client’s national initiative for the destruction of hazardous refrigerants in New Zealand, and we remain committed to providing state-of-the-art waste destruction systems that contribute to a cleaner, more sustainable environment.”