RE:A little perspective with new technologywallyman wrote: Nikola has sold zero cars and won't until next year--market cap 13 billion.
Fisker has sold zero cars and won't make first car until late 2022 with a 4 billion market cap.
No revenue for either company and massive competition--particularly from Telsa, Lordstown, Nio, Workhorse, GM etc. and a market cap 8 to 26 times PYR.
PYR has sales, no debt, a 42 million backlog and no competition due to patents and now a foot in the door with a huge company.
Modeling was virtual so it makes total sense that they would buy one torch first to make sure everything works in reality before dropping millions more. Would not be surprised if next order happened soon after observing this one in person.
Indeed Wallyman even IF they capture a small % of what PYR discusssed in AGM...PYR will lift into stratosphere!
PYROGENESIS AGM PRESENTATION earth shattering numbers shared
For those who missed it here is ...mostly formatlities for the first 17 minutes so if you short on time 17min mark till 37min mark is 20 mins well worth watching even again.
1. DROSITE 600 systems would be $1 Billion
2. Torches Client A,B and C over > 1000 torches $3M/torch NPV would be over $10 Billion(*I think might include recurring maintenance revenue and possible other clients but over 1000 torches could be much larger than 1000)
*OTHER Industries > $4 TRILLION addressable market. - NOT A TYPO!
Keep in mind PUREVAP, MILITARY WASTE DESTRUCTION, TUNNELING,3D POWDERS ETC are also massive.
TIP OF THE ICEBERG -PYR CEO