Pyrogenesis Canada Inc T.PYR

RE:RE:RE:RE:1,001 REASONS TO INVEST IN PYROGENESIS

[CndnBacon]

Interesting....niether confirmed NOR denied....

Carsonagenic wrote: All good...
I caught that just because I may or may not work for CNRL..lol

vers1demainvert wrote:

Natural Resource Canada

Ash Melting Project

Project Name	Natural Resource Canada Ash Melting Project
Customer	Howe Sound Pulp and Paper (Howe Sound, BC)
Location	PyroGenesis Technology Demonstration Facility, Montreal, Qubec
Delivery	March 2001
Products/Services	PAGV, Development Services
Capacity	50-100 kg/h
Feed	Industrial boilers and municipal incinerator ash
Energy	Syngas
Pyrogenesis Role	Design, Build and Test a pilot system for ash melting and energy recovery from carbon in ash
Other stakeholders	Natural Resources Canada (NRC) – Industrial Energy Research and Development (IERD) Program; Canadian National Research Council (CNRC) Industrial Research Application Program (IRAP)

 

PyroGenesis designed and fabricated a plasma ash melting system. This system was operated successfully by the team for a period of 18 months in our Montreal Technology Demonstration Facility, at a processing capability (100 kg/h) well in excess of the original design capacity. The system has logged nearly 400 hours of operation and processed close to 20,000 kg of ash from boilers and incinerators, both fly ash and bottom ash.

The operation of the system demonstrated the ability of the technology to produce a non-leachable slag (typically several orders of magnitude below regulatory TCLP levels) and fuel gas (syngas) from the remaining fixed carbon in the ash. The vitrified products could be used as a construction material (e.g. aggregate or cement additives). This work ultimately led to the development of the company’s PRRS technology for waste-to-energy applications.

Carsonagenic wrote: Excellant Post Vers listing all the great things that Pyrogenesis is doing. Will be very interesting times over the next few weeks!
Just to make sure there is no confusion though...
You have posted Canada Natural Resources, it is Natural Resources Canada, a branch of the Government of Canada.
I didn't want people to think that PYR had any ties with Canadian Natural Resources (CNRL), which they don't, at least not yet...lol

You have a ggod eye for details Carsonagenic. It is now corrected. Many thanks

vers1demainvert wrote:

Diversification under one roof

Company Highlights:

• Announced that it should be awarded a two-ship build for its PAWDS unit, for approximately $10MM
• Completed Contract for Specialty 3D Metal Powder; Full Payment Received
• Received an additional US$325K (approx. CA $457K) under the exclusive agreement with a US based tunneling company
• Payments totalling 7.5MM have already been received under the exclusive contract with Drosrite International LLC
• Nominated “Materials Company of the Year” at the 3D Printing Industry Awards 2019 (2nd year in a row)
• Quality management system for the production of metal powders for the Additive Manufacturing (3D Printing) industry, has been approved by one of the premier non-European aerospace companies
• Clients include: U.S Air Force, U.S NAVY, Natural Resource Canada.

Q2 2020 results reflect the following highlights:

• Revenues of $2,128,454, an increase of 133% from $913,769 posted in Q2 2019
• Comprehensive income of $5,228,020 an increase of 332% from ($2,253,390) posted in Q2 2020
• Gross margin of 59.5% an increase of 39.2% over the same period in Q2 2019
• Cash on hand on June 30, 2020 was $1,567,777 (December 31, 2019: $34,431)
• Backlog of signed contracts as of the date of this writing is approx. $28MM.
• Management expects significant revenue growth in 2020

H1 2020 Accomplishments:

1. Established itself in the iron ore pelletization industry as a potential supplier of torches geared to replacing existing burners and thereby reducing GHGs. Interest is also spilling over into other industries with GHG reduction targets,
2. Established a relationship with an OEM in North America with the intent to eventually supply powders for their 3D printing needs.  This augments relationship with Aubert & Duval, while at the same time de-risking dependence on them,
3. retired the $3MM convertible debenture in full,
4. bought back approximately 1.2 Million shares under the existing Normal Course Issuer Bid,
5. increased Company’s investment in HPQ, who has subsequently also experienced a significant increase in market capitalization,
6. further benefited from early conversions of warrants maturing in 2021 of over $2MM.

LINES OF BUSINESS

Powder Production:

• Completed Contract for Specialty 3D Metal Powder; Full Payment Received
• PyroGenesis has now produced titanium powder on its NexGen™ Plasma Atomization System with production rates in excess of 25 kg/h.
• Of note, these increased production rates are achieved with lower operating and capital costs.
• Announced that the Board of Directors is moving forward with the previously announced spin-off of PyroGenesis Additive. See Release.
• Signed a mutually exclusive Partnership Agreement with Aubert & Duval a subsidiary of the ERAMET Group (2017: Sales: > Can$5.4 Billion; Assets: > Can$4.9 billion; Paris Stock Exchange: ERA.PA).
  • Agreement outlines a multi-step strategy between the Parties to supply plasma atomized titanium powder, on a mutually exclusive basis, to the Additive Manufacturing Market in Europe
• Nominated “Materials Company of the Year” at the 3D Printing Industry Awards 2018,
• Contracted for an order of 10 tons (minimum) of titanium powders,
• Recommended by leading 3D Printer OEM to their customers as titanium powder supplier;
• Strategic commercial discussions with 3D printer manufacturers, distributors, and end-users continue.
• New Additive Manufacturing metal powder production facility
• AS9100D Certified
• Discussions with significant players to accelerate market penetration

DROSRITE™: - System is a salt-free, cost-effective, sustainable process for maximizing metal recovery from dross, a waste generated in the metallurgical industry. The patented process avoids costly loss of metal while reducing a smelter’s carbon footprint and energy consumption, providing an impressive return on investment.

• DROSRITE™ System has been validated by a world leading primary aluminum smelter as part of the process towards adopting the technology for use
• Payments totaling over $7.5MM have been received to date under the exclusive contract with Drosrite International LLC

Market potential for PyroGenesis' DROSRITE™ system, from Aluminium dross alone, exceeds $400MM.

• Enters the Zinc Market; first DROSRITE™ zinc paid-for-demonstration,
• Second DROSRITE™ Furnace System Completed,
• Embraces Tolling Strategy; Signing with multi-billion-dollar Japanese corporation to move forward to jointly

HPQ:

• HPQ PUREVAP(TM) Commercial Plant Costing Indicates Significant Capex Savings Versus Conventional Plants Producing Silicon Meta
• HPQ secures financing for the balance of the project;
• Pilot Plant in progress after significant improvements

Chemical Warfare Destruction System:

Tests supported the Defense Advanced Research Projects Agency (DARPA) Agnostic Compact Demilitarization of Chemical Agents (ACDC) program

• Successfully completed long-duration performance tests using the Company's tactical Plasma Arc Chemical Warfare Agents Destruction System ("PACWADS") using surrogate chemical warfare agent material
• Far exceeded minimum requirements with over 99.9999% destruction efficiency.
• PACWADS is now scheduled to go through final testing using real chemical warfare agents by the US Military).

Other Contracts:

US Military

• Announced that it should be awarded a two-ship build for its PAWDS unit, for approximately $10MM
• Seeking to establish a presence in the USA to, amongst other things, better serve the US Military’s needs.
• U.S. Navy has reached an agreement with the shipbuilder, Huntington Ingalls Industries (HII), to move forward with the purchase of two Ford-class aircraft carriers.

Torch/Equipment Sales:

Client A
On April 30th, 2020, the Company announced the successful completion of the first phase of a torch modeling contract with Client A which successfully demonstrated that replacing fossil fuel burners with PyroGenesis’ proprietary plasma torch (i) had absolutely no ancillary detrimental effects anywhere in the process or with their furnaces, (ii) resulted in significant greenhouse gas reduction while at the same time, (iii) projecting significant additional benefits. The subsequent phases were to be completed by June 30th, 2020 and were geared to further quantify the benefits of transitioning to plasma torches. These phases have been extended for up to six weeks with this additional data being incorporated into an ideal plasma torch configuration for this client. 

Equipment purchase discussions are expected to be completed by the end of August, and incorporate the ideal plasma torch configuration identified during the modelling process, with the ultimate goal being to eliminate GHG emissions from all their plants.

Client B
On June 11th, 2020 the Company announced that it had signed a second multi-phase torch modelling contract with Client B, aimed at evaluating the performance of PyroGenesis’ proprietary torches in an existing iron ore industrial furnace with the goal of replacing existing fossil fuel burners with PyroGenesis’ plasma torches.  The first phase, as expected, is to be completed by mid-August.

During the first phase, which is progressing as expected, Client B has already entered into active equipment purchase discussions with PyroGenesis.

New Development – Client C
A new potential client (“Client C”), who is not only a significant player in the iron ore pelletization industry but is also a major player in the steel industry, has entered into active equipment purchase discussions with the Company. There seems to be a high probability that Client C may bypass the modelling phase altogether, however it is PyroGenesis’ preference to incorporate a modeling phase if at all practical.