Pyro Revenue Update 24 Months Forecast $335 MillionI have included Algoma Steel order, since, the Canadian Government funding to reduce GHG and most likely wants Canadian Equipment to be purchased by Algoma.
If Algoma does not buy Canadian, I do not think Canadian Tax pay will be happy.
I have seen on this board that Algoma may require 8 burner replacement. I estimate about 10 units. Only Pyro has the Torch for sale and the CEO of Algoma indicated that steel producing will reduce 70% GHG. Torch is the only solution.
Maybe some people from Algoma may provide some detail of their plan and number of Torch is required. Then, I will update my revenue forecast.
1. Backlog 25 million (End of Q1/21)
2. 65 million contracts signing confirmed by Peter
3. Torch quote of 36 units 130 million (3 million per unit USA)
$250 k Annual cost saving (report from Sweden)
$280 k Annual CO2 saving/grant (2021 based on Canada Government)
$530 k Annual cost saving/torch
Payback about 3 years/torch
4. 40 million bidding for Dross contract above average change to win
5. 15 million of LOI announcement on Dross contract
6. Purchasing Air Science Technologies Inc - 5 million in revenue, over 15 million in revenue backlog
7. Powder contract unknown, assume 5 million
8. Nano Reactor (HPQ Alliance, Battery and EV) revenue unknown, assume 5 million
9. HPQ Nano Reactor (Fumed Silica for medical devises), estimated 5 million
10. Dross Spare parts about $5 million/year, 2 years $10 million
11. Algoma Steel 8-10 burners about $30 million
Just add the number $335 Million in revenue expected as of July 7/21. Next 12 to 24 Months.
Cash on hand around $26 Million end of Q1/21
Revenue Q1/21 – $6 Million