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 > New Press Release - PyroGenesis Provides Responses to Investor Questions

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Comment by BCONTVentureson Jul 02, 2024 8:59pm

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Post# 36115555

RE:RE:New Press Release - PyroGenesis Provides Responses to Investor Questions

Very interesting today's updates. Answer 5 regarding the plasma torch system with a significantly higher power level (between 15MW to 25MW with a potential contract value of between $15 to $25 million) shows the speed in which PyroGenesis has been able to develop and offer up higher powered torches. Previously, PYR offerered torches around 1MW in power (2020 ish), then PYR came out with the 3 MW torch. Last summer PYR landed a contract for a 4.5MW torch for a "... a U.S. aeronautics and defense entity who regularly serves as a prime contractor for the U.S. government as well as for public and private customers in the aeronautics and related industries."

This spring when PyroGenesis attended TMS 2024 in Florida, PYR was offering torches up to 5MW in power. Keep in mind PYR has some of the most plasma expertise under one roof and it is very impressive that PYR has been able to go from 1MW to 5MW in a couple of years. And now PYR is bidding on a plasma torch system between 15MW to 25MW.

From when PYR was at TMS 2024:

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https://www.linkedin.com/feed/update/urn:li:activity:7173429035157426178/

The PyroGenesis team had a successful week at the The Minerals, Metals and Materials Society 2024 Annual Meeting, both in the trade show exhibit hall, and in the presentation room, where a gathering of industry leaders and experts watched as Juan Salazar, our Director of Product and Strategic Development, delivered an insightful presentation on the potential for decarbonization of aluminum reverberatory furnaces using PlasmaTorches.

sustainablemanufacturing electrification

BCONTVentures wrote: Some great updates from PyroGenesis, from the NR:

Answer 2: Since publication of the Q1 report, this project has evolved and expanded considerably, and is now being negotiated with a total contract value of between $115 - $160 million.

Answer 5: The Company has subsequently been negotiating with a North American entity for the sale of a significantly higher power level plasma torch system (between 15-25MW), with a potential contract value of between $15-25 million.