Payment updateHeads up All : PyroGenesis Confirms Additional Payment of $1.4M Towards $25M+ DROSRITE Contract posted on Apr 16, 2020 01:45PM Use the IP Check tool [?] MONTREAL, April 16, 2020 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://www.pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the "Company", the Corporation or "PyroGenesis") that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, in response to an extraordinary volume of inquiries with respect to the subject matter, is pleased to announce that, further to its press release dated March 24th, 2020, the second payment of approx. $1.4M has already been received under the exclusive contract with Drosrite International LLC (DI). Due to an unprecedented number of inquiries received from investors, we decided to confirm receipt of the second payment of $1.4M noted in this press release, said Mr. P. Peter Pascali, President and CEO of PyroGenesis. We would also like to confirm that additional payments are being processed as anticipated and that, as per DIs press release dated January 27th, 2020, work has already begun. I would also like to take this opportunity to further emphasize to readers that in general, notwithstanding receipt of payments, revenues and expenses are based on percent completion and not receipt of payments. As previously disclosed, and as part of this exclusive arrangement between DI and PyroGenesis, DI will pay PyroGenesis approximately $25M, based on current exchange rates, over the first 12 months as well as approx. $3M per year (fixed) for the next two (2) years, together with a variable amount for the subsequent 18 years based on certain international benchmarks........ Best wishes All, good health, Sincerely, Topseeker