RE:New Press Release - PyroGenesis Receives $667K Non-Refundable Down Payment under a Master Agreement for Multi-Year Multi-Plasma Torch PurchasesExcellent news! From the NR: "The Master Agreement provides that, during this exclusivity period, PyroGenesis and the Client will work collaboratively with the goal of finalizing and executing this initial SOW, which would outline the terms that PyroGenesis would design, build, and deliver five (5) high power 2MW air plasma torch systems for an aggregate price of approximately US$13 million. The Master Agreement contemplates additional SOWs being entered into for the purchase of torches, related equipment, and services."
And: “This nonrefundable down payment is a significant step towards concluding the first SOW under the Master Agreement, a contract which anticipates many more SOWs toExcellent news! From the NR: "The Master Agreement provides that, during this exclusivity period, PyroGenesis and the Client will work collaboratively with the goal of finalizing and executing this initial SOW, which would outline the terms that PyroGenesis would design, build, and deliver five (5) high power 2MW air plasma torch systems for an aggregate price of approximately US$13 million. The Master Agreement contemplates additional SOWs being entered into for the purchase of torches, related equipment, and services."