RE:RE:RE:RE:RE:RE:Today's NR/PR Speaks Volumes -- Sweeeet !Today's NR is great, 500k deposit (USD) is no joke. An
d best case could be MULTIPLE(S) x $13 million orders. And factor in $1 to $2 million per year for parts/maintenance (per $13 million order). Great news!
From todays's NR: “This nonrefundable down payment is a significant step towards concluding the first SOW under the Master Agreement,
a contract which anticipates many more SOWs to come,”
and
“... t
his contract has the potential to be a springboard from which PyroGenesis introduces a significant number of plasma torches into the marketplace. These direct sales would have an obvious impact on revenues and profitability, but they would also speak to our strategy to develop ongoing revenue streams from activities such as maintenance and spare parts sales."
BCONTVentures wrote: deedeemgee Today’s news is great, 500k deposit is no joke. I assume a lot of the weird negative reactions on this board today are in bad faith - literally worst case scenario is 500k USD revenue with 0 cost. Best case is $13MM revenue with ongoing parts sales, likely around a 1-2MM per year, and an entirely new business application which lends credibility to PYR tech and should build confidence for clients considering other torch applications. PYR tech stands to displace quite a few vendors in some massive industries, no wonder this board is full of relentless bashers. Also note this from today's NR:
“This nonrefundable down payment is a significant step towards concluding the first SOW under the Master Agreement, a contract which anticipates many more SOWs to come,” and
“... this contract has the potential to be a springboard from which PyroGenesis introduces a significant number of plasma torches into the marketplace. These direct sales would have an obvious impact on revenues and profitability, but they would also speak to our strategy to develop ongoing revenue streams from activities such as maintenance and spare parts sales." BCONTVentures wrote: And:
@helloween From Earthgrid 2021 patent application for a tunnel boring system (WO2022154911A1) which is different from the patent owned by Arcbyt filed in 2018 (WO2020101666A1) : "[0042] Figure 2 is a side view of one embodiment of the tunnel boring system. The cutting head 210 is attached to the cutting assembly 220. The cutting head 210 includes torches and nozzles for a stream of air and/or water, to assist with the boring. The power, and air/water are fed to cutting assembly 220 via umbilicals 245. In one embodiment, a non-transferred Arc Plasma Torch (APT) from PYPROGENSIS™ is used." @helloween I guess it can't be clearer than that BCONTVentures wrote: And a great point from @helloween:
@helloween From Earthgrid website : "The tunnel and trenching machines will use torches powered by plasma created from electricity and **AIRFLOW**." From PYR NR : "deliver five (5) high power 2MW **AIR** plasma torch systems for an aggregate price of approximately US$13 million" CndnBacon wrote: IMO It means Earthgrid has 30 days to lock Petra out of the option of also using PYRs torches and engineering expertise....hope that helps....oh also a quote from EarthGrids Seed Financing NR in Oct 23
"In addition to the seed funding announcement, EarthGrid also secured a binding term sheet with a prominent institutional investor to lead significant financing in early 2024. The company also expects to be announcing several projects including a major joint venture that will generate multiple years of revenue."
@helloween From Earthgrid website : "The tunnel and trenching machines will use torches powered by plasma created from electricity and **AIRFLOW**." From PYR NR : "deliver five (5) high power 2MW **AIR** plasma torch systems for an aggregate price of approximately US$13 million"