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Pyrowave listed in CIX Top 20 most Innovative Companies

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Pyrowave listed in CIX Top 20 most Innovative Companies

TORONTO, ON – Thursday, September 7, 2017 –  Today, CIX (Canadian Innovation Exchange) announced the 20 innovative Canadian technology companies that have been inducted into the annual CIX Top 20 program. These game-changing companies on the rise are chosen by a selection committee made up of technology industry experts and investors from across the country. Hundreds of profiles were submitted this year from all regions of Canada. Companies were chosen based on a number of key factors including product/service offering, depth of management, market opportunity, and business model. “The CIX Top 20 Program had a record number of applications this year, with a high proportion of earlystage companies with less than $100k in revenue,” said Lauren Linton, Executive Director of CIX. “It is exciting to see so many young tech companies with such great potential to contribute to Canada’s success as a global innovation leader.” “Obtaining such recognition from the marketplace in Canada is essential to our future development. The CIX judging committee are certainly aware that our environment is threatened and that transformative technologies like Pyrowave are essential in matching our desire for a more sustainable future”, says Jocelyn Doucet, CEO of Pyrowave. The CEO of each CIX Top 20 company will present at CIX 2017 on Oct 17-18 and share their story and unique innovation to a crowd of over 750 investors and peers in the North American technology     About Canadian Innovation Exchange (CIX) CIX is the “must attend” event for leaders in Canada’s innovation ecosystem. In its 10th year, CIX attracts 750+ technology industry leaders, tech entrepreneurs, investors (VCs, corporates, angels) and advisors from across the Canada and globally. This exclusive event showcases Canada􀍛s most innovative and promising young tech companies and provides the tools for networking, building new relationships and increasing deal flow. CIX facilitates hundreds of new relationships and has fostered hundreds of millions of dollars in transactions. CIX takes place Oct 17-18 2017 at Hilton Toronto. www.cixsummit.com  #CIX2017...

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Plastic-recycling Pyrowave wins first place at an international chemistry and new materials contest

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Plastic-recycling Pyrowave wins first place at an international chemistry and new materials contest

Montreal, June 20th, 2017 – Pyrowave is proud to announce that it won the first prize at the 6th edition of the IQ-CHem International Chemistry Innovation Competition organized by SIBUR, one of the largest chemical group in Moscow, Russia. In total, 251 teams from 27 countries took part in the international IQ-CHEM contest with applications from Russia, India, Canada, the Netherlands and the United States. The final presentation took place at the Skolkovo Startup Village 2017 and involved a judging panel comprised of directors and executives from companies such as The Dow Chemical Company, Linde, LG, Honeywell UOP, DuPont, 3M, BASF and Sinopec. “We’re very proud to win this award, of course because it rewards the extensive work we’ve put into the project, but also because of the high technical level of the finalists we competed against”, says Jocelyn Doucet, CEO of Pyrowave. “Participating in and winning this competition gives Pyrowave enormous international exposure to key chemical companies that care about environmental sustainability of chemical operations”. «The winner of the IQ-CHem contest was selected as a result of independent evaluation by each member of the jury, which was comprised of representatives from major global corporations. As a result of their independent assessments, the company Pyrowave was selected as the best» said Dmitry Stepkin, Director of Corporate R&D at SIBUR «The jury assessed that the technological solution offered by Pyrowave – of using microwave radiation to deploymerise plastic, using technology that has already been proven in other areas of usage – is an idea with strong market potential», he added. A solution to a worldwide problem The key element that differentiated Pyrowave was the size of the potential market for the technology. Plastic pollution is a central problem and Pyrowave is proposing the first commercial modular technology that consists of small machines using microwave to depolymerize (or deconstruct) the plastic material. “It’s like un-zipping the plastic into their initial constituents with the very targeted action of microwaves so that plastic manufacturers can easily re-zip them into new plastics that can be used in identical applications”, says Jocelyn Doucet. Pyrowave’s process is the first commercial process that can convert polystyrene waste into Recycled Styrene Monomer (RSM) with up to 90% yield and is supported by several actors from the polystyrene value chain including manufacturers, transformers, retailers and recyclers. Looking for supply partners and investors Pyrowave is ramping up production of its Valleyfield, Quebec, facility currently in operation processing post-consumer polystyrene. Pyrowave is presently looking for partners interested to supply waste polystyrene volumes to be converted into RSM which can be re-used to make virgin-like polystyrene material. It has already supply in place from various municipal sorting facilities as well as private retailers, brand owners and recyclers. “We are basically offering our long-term partners a possibility to recycle all their polystyrene waste including foodservice items, and convert them into commodities traded on a worldwide market”, adds Jocelyn Doucet. “We are currently working at filling up capacity of our first machine in operation, but our long-term model is to lease machines to partners and take care of the output for them”. The company is also looking for investors interested to join its current series A. The funds will allow Pyrowave to build and install additional machines to increase the production capacity of Recycled...

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Pyrowave receives financial support from Quebec Ministry of Energy and Natural Resources

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Pyrowave receives financial support from Quebec Ministry of Energy and Natural Resources

Montréal, April 25th 2016 — The Minister of Energy and Natural Resources and Minister responsible of the “Plan Nord” and Cote-Nord region, Mr. Pierre Arcand, today announced in Montreal, QC, their commitment to $1,089,909 in funding to Pyrowave Inc.,a Montreal-based company, qualified for the Technoclimat Program. “The Pyrowave technology is the first cost effective solution to recycle mixed plastic wastes. Our unique approach uses a local conversion that unzips plastics back to their initial constituents that can later be re-used to make virgin polymers and packaging”, says Jocelyn Doucet, CEO of Pyrowave. “While we have previously proven the technology at large scale, the support of Technoclimat is essential in building our new model machine and proving we can derive a profitable business model from it.” Pyrowave is currently completing the manufacturing of its second commercial prototype that should be operational by the fall of 2016 at its site located in Valleyfield, Quebec. On average, the technology will reduce emissions by 0.43 tons CO2 equivalent per ton of input and generate a net positive value to users. Pyrowave’s patented technology uses microwaves to perform fast de-polymerization of mixed plastics with small-scale modular units capable of treating 400-1,200 tons/year on-site. The equipment converts mixed plastics with or without food contamination into predominantly oil containing valuable waxes and monomers. The products are sold to chemical companies that re-use the monomers and waxes for FDA compliant applications and therefore cost effectively closes the loop of polymers life cycle. About Pyrowave Only 8% of plastics generated today are recycled – yet the costs to haul, store, sort and process plastics are enormous.  Using patented microwave technology, Pyrowave will place small, modular units directly onsite at recycling facilities and at producers of plastic waste. Pyrowave’s technology will enhance the rate and the range of recyclable materials, reduce logistics costs and produce higher value end products from waste plastics – products such as wax, oil and styrene monomer. Pyrowave will have a significant positive benefit environmentally and economically.  Its technology will reduce waste landfilling, waste incineration and waste hauling via a net positive energy process. See www.pyrowave.com.  About Technoclimat The program aims to reduce emissions of greenhouse gases and to encourage the development of new technologies or innovative processes for energy efficiency and emerging energy sources. The program provides financial support to project developers who register at various stages of the innovation chain. See www.efficaciteenergetique.gouv.qc.ca...

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