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.

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Pyrogenesis Canada Inc > Serious didn't explain it properly, hence the likes

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Comment by Mostlyseriouson Jun 26, 2024 12:33pm

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Post# 36107212

RE:RE:RE:Serious didn't explain it properly, hence the likes

The company received a $4.1 million payment in Q2. Radian began repaying some of the $10 million. That $4.1 million is very much needed so it is good news

I imagine that the rest will come once the client receives the remaining systems. Because in the client's defence, while you may be subject to certain milestone payments, expecting full payment prior to delivery of the product you purchased is certainly far from a normal business practice.

So maybe it was not quite correct to say that $10 million was owed since the contract had not been completed.

What do you say?