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Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Canada Inc. is a Canada-based high-tech company. The Company 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, 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.


TSX:PYR - Post by User

Comment by ScienceFirston Dec 08, 2020 4:39pm
171 Views
Post# 32060688

RE:RE:NASDAQ LISTING

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).

PyroGenesis Announces Receipt of Can$900,000 (Approx.) Down Payment Towards Previously Announced Order for Two DROSRITE Furnaces TSX Venture Exchange:PYR


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.”

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