RE:RE:NASDAQ LISTINGThe 3 iron pelletization Clients (A, B, C) are all at different stages, the most advanced being the Client A with whom they are already in advanced discussion regarding the final terms of the contract.
So just this first iron pelletization client will set the tone.
Then, their upcoming Silicon EV battery one with a major car manufacturer due in December will show hw diversified its technology can be.
And we're not even talking about the tunneling contract (*1) that has been in the news since April 2020.
So PYR's CEO is not planning this NASDAQ uplisting without knowing where he's at.
And by the way, this Drossrite picture shows the Nevada or California environment. And that's from
from a North American Automobile Parts Manufacturer (as per the original news release of July 26, 2018). Source:
Oct. 04, 2018 - PyroGenesis Announces Receipt of Can$900,000 (Approx.) Down Payment Towards Previously Announced Order for Two DROSRITE™ Furnaces TSX Venture Exchange:PYR (globenewswire.com) So indeed, TESLA could be tied to these 3 market segments (silicone for EV batteries, tunnelling, ). But fr the moment, that's not what matters. What matters is the signing of these contracts, as they are all major industrial players.
*1:
MONTREAL, April 21, 2020 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://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 systems, is pleased to announce today that, further to its press release dated April 1st, 2020, it has received an additional US$325K (approx. CA $457K) under the exclusive agreement (the “Agreement”) with a US based tunneling company (the “Client”). To date, the Company has received US $725K (over CA $1M) in total. The Client’s name will remain anonymous for confidentiality and competitive reasons.
“This is an ideal contract, given the current situation, where all the engineering work can be done remotely,” said Mr. Peter Pascali, CEO of PyroGenesis Canada Inc. “This relationship is timely, given the current environment where investors are more focused on multiple secure revenue streams. It is important to note that this relationship was not born out of the current crisis and, as such, is expected to continue well after the pandemic is behind us.”