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PyroGenesis Announces Dubai Subsidiary to Address Growing Opportunities in Middle East and Asian Markets

PYRGF
  • PyroGenesis Inc. established a wholly-owned subsidiary named PyroGenesis Global FZCO in Dubai to address growing opportunities in the Middle East & Asian markets.
  • The incorporation process began over a year ago & received all required regulatory approvals from the UAE Government.
  • President & CEO P. Peter Pascali stated the subsidiary aims to overcome logistical challenges related to time zones & distance through a face-to-face presence.
  • Initial staffing will include key business development personnel & senior decision makers, with potential future relocation of engineers, project managers, & support staff.
  • The Company may evaluate localized sourcing & manufacturing capabilities to support regional growth.
  • The launch aligns with regional industrial diversification initiatives such as Saudi Arabia's Vision 2030 & the Ras Al-Khair Integrated Aluminum Complex.
  • The Ras Al-Khair complex, the world's largest aluminum facility, currently utilizes seven of PyroGenesis' Drosrite™ aluminum dross processing systems.
  • PyroGenesis Global is operating from temporary office space in the Uptown Tower DMCC pending relocation to a more suitable facility.
  • The Company plans to announce a new partnership with a local entity in the region within the coming weeks.
  • PyroGenesis leverages 35 years of plasma technology leadership & serves customers in aluminum, aerospace, steel, defense, & other heavy industry sectors.
  • The Company's shares trade on the TSX (PYR), OTCQX (PYRGF), & Frankfurt (8PY1) stock exchanges.