Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.

TSX:PYR - Post by User

Pyrogenesis Canada Inc

Bullboard Posts

Post by Bytheriveron Mar 09, 2020 4:52am

159 Views

Post# 30782160

Are we there yet??

If Topseeker feels it's appropriate to re-post old press releases as reminders then... here are a few worth remembering too...

April 29, 2019: '... announced potential contract $20M first year revenue is imminent. '...if awarded, as we anticipate...'

June 3, 2019: '...has been awarded a contract of approximately $20M first year revenue...'

October 9, 2019: PyroGenesis Anniunces Final Signature Towards $20M Cintract Disclosed Last June; $6.4M Payment Expected Within 2-4 weeks.(5 months ago)

November 26, 2019: Drosrite International LLC incorporates Letter of Credit into contract to de-risk the payment schedule...(How is it less risky to wait 5 months, and have no payments received, when the original contract apparently called for a $6.4M payment in 2-4 weeks?)

February 26, 2920: '...further to its press release dated October 9th, 2019, the payments terms noted therein have been adjusted (again) pro rata to mirror Drosrite International LLC's ("DI" or the "Client") cash flow...' (Does DI have any cash flow?)