JV relationship with an existing proven technology providerCan't wait to hear about this one (I'm assuming Scepter but it could be a bigger name) as this would open the doors to a huge market and will show that this
existing and proven technology provider needed us
to uniquely handle the residues resulting from the processing of dross in the aluminum industry It is not Aluminerie Alouette, for which we obtained another type of contract (March 17 -
PyroGenesis Receives $194 K Grant to Develop a Waste) as
the goal of this project is to develop a solution to recover the residues of pot lining From the MD&A of
May 17:
DROSRITE™
We expect to be able to announce within the next few weeks, the conclusion of a joint venture relationship with an existing and proven technology provider. The technology is geared to uniquely handle the residues resulting from the processing of dross in the aluminum industry. We had previously announced our intention to secure this technology and, if concluded, would not only make our traditional DROSRITE™ offering more appealing but could also be offered as
a standalone product.
We believe that valorizing the residues and producing high end products will further define us as the go-to company for all dross related processing. This is a prime example of our Coffee & Donuts strategy in play. For further clarity,
the joint venture will only relate to the new technology and, as such, PyroGenesis will not have to vet in any assets, or IP (specifically not the DROSRITE™ technology).