PyroGenesis Inc T.PYR

RE:NR! September 8, 2021

[ScienceFirst]

From today's news:

... Under the partnership agreement, PyroGenesis also benefits from (i) a 10% royalty (“Royalty”) on HPQ Polvere’s future sales (with set minimums never to exceed 100% of revenues), and (ii) the option to convert this Royalty at any time into a 50% ownership in HPQ Polvere.

“We are pleased to receive this final tranche of funding from a second government agency which further solidifies and validates the importance of this project to various government agencies. This process, if successful, will create an alternative solution that would eliminate the toxic by-products of legacy systems while reducing GHG emissions by approximately 90%,” said M. P. Peter Pascali, CEO and Chair of PyroGenesis. “Work has already begun, and we look forward to providing additional updates on our progress.”



Same type of agreement as the HPQ-Nano agreement! ... ;-)


PyroGenesis Signs $3M Contract with HPQ Subsidiary (HPQ Nano)

August 18, 2020

This Agreement includes $2.4MM for the sale of the intellectual property (IP) rights to the PUREVAP™ NSiR process, together with a 10 % royalty on the Client’s future sales (“Royalty”) (with set minimums). The IP sold relates exclusively to the manufacturing of nano silicon powders and wires by HPQ NANO. PyroGenesis will retain a royalty-free, exclusive, irrevocable, worldwide license to use the System for all other purposes. This Royalty stream can at any time be converted by PyroGenesis into a 50% ownership of the Client.

This Contract has been developed to exploit the benefits of the novel PUREVAP™ Nano Silicon Reactor (NSiR) to make nano Silicon powder with the battery market as a principle target.