PyroGenesis Inc T.PYR

Client A (Vale) - Potential Revenue

[BIGMOE]

a.     Client A
                                                    i.     $1.8 million – One Torch contract  
1.     $0.55 million – Maintenance and service contract over 2 years
 
                                                  ii.     FAT is scheduled from Feb 8-14/22
 
                                                 iii.     $105 million – Requested quote for 36 units
1.     $19.8 million – Maintenance 2 years at cost of $275 k/torch/year.  However, the torch will last 20 to 25 years. More spare parts and service revenue
 
                                                 iv.     $584 million – Over 500 Torch is required, Contract 500 units about $1.46 Billion assume over 5 years or $584 Million for the next 2 years.  Average cost $2.92 million/torch of 3 MW
$110 million - Maintenance over 2 years