Welcome - To the Greatest Show on Earth Good Morning All,
Well here we have it. The news of a signed 2 Carrier contract. Of course it speaks, once again, of validation & volumes of the high tech PYR products that deliver optimum values to another demanding Blue Chip Client. USA Navy as in this case.
Here's a bit of an excerpt from that news release as follows:
2020-09-04 14:42 ET - News Release
Mr. Peter Pascali reports
PYROGENESIS SIGNS $11.5MM CONTRACT FOR US NAVY'S TWO SHIP BUILD
"It is indeed an honour to supply our high-tech products to such a prestigious client as the U.S. Navy. It speaks to our credibility as an innovator with a proven capability of delivering proprietary plasma processes to high-value niche markets. Furthermore, it is also a testimony to the fact that PyroGenesis continues to develop commercial cutting-edge applications," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "This backlog is quite significant particularly when taken in the context of the company's previous revenues (2019: $4.8-million; 2018: $5-million), and we look forward to adding to this in the very near future."
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So, ' we look forward to adding ', keeping it simple, I ask myself as to What is going to drive the Backlog further upwards ? So many things, that's what. 3D powders, HPQ venture, Drosrite, Tunneling,Torches for Industrial Burners for diverse Clients( eg. Steel, Iron Ore, Cement, etc. etc.), & more.
My bet is it will be the Iron Ore biz looking at the news to date. All good either way for Longs as PYR moves forward & upwards to Blue Chip status, no matter in what trading exchanges are in it's near future, IMO.
For a mere $ 5.34, one can buy a ' train ticket( share ) ' for this most ...... Epic ...... of rides to be, as recent history has shown to date for the true Longs.
With this same ticket to ride, you stand to see the wonders, first hand in first class, the wonders that Peter & his team of Techno Wizards have to offer diverse Clients, world wide. Truly a big Welcome to the Greatest Show on Earth, Now and into the far future for the PYR passengers on board.
PYR offers their plasma torch so burning bright hot it makes the sun's surface heat pale in comparison. A heat so intense that can cut through the hardest of rocks/geology easier than a Hot knife through butter.
These plasma torches are truly a Wonder of Wonders as we understand more & more of what plasma tech can bring to, & change this world we live in.
And with this same ticket of a mere $ 5.34 to board, that when you may decide to disembark from this most glorious of trains. The PYR policy is to ensure, as Best they can, that your ' cash back ' upon ticket return will be most ...... EPIC ...... indeed. In my most humble of opinions.
Enjoy this ride All Longs as it will be truly legendary.
Best wishes to All, good health,
Sincerely,
Topseeker
P.S. Yes, the PYR ' Kraken ' is being released upon this world. And it's a big Yes as this world needs a Kraken to shake the Industrial foundations with disruptive technologies that will make a world of difference for the Better. Topseeker
P.S. Some time ago( way back) , Peter was asked of a personal concern with another plasma tech firm, his response was that the firm had ' rung a bell ' as it had approached PYR for assistance in the past & was that the firm was not a concern ( for various reasons ) for PYR's biz. You have to love it when other plasma tech firms come to you( PYR ) for help. All looking good for Clients, Partners & Shareholders alike. Seriously & Sincerely, Topseeker