RE:RE:RE:PyroGenesis Confirms Successful Site Acceptance TestingAlso note this item from the NR: "In addition, as a result of the commissioning of these 3 systems, the Company reports that dross residues are now being generated, which as the Company previously identified in a press release dated September 27, 2021, have the potential to be processed and converted into high-margin chemical and metallurgical products in the future."
See the NR from September 27, 2021 regarding dross residues and the associated revenue streams from these residues:
https://www.pyrogenesis.com/wp-content/uploads/2021/06/2021-09-27-PyroGenesis-Signs-Joint-Venture-Agreement-to-Build-and-Operate-Plants-to-Convert-Aluminum-Dross-Residues-into-High-Value-Chemical-Products.pdf PyroGenesis' Aluminum Business Line is shaping up to be a huge business line/division. And this is just one business line/division under PyroGenesis. (There is also 3D Printing/Additive Manufacturing, Environmental, Renewable Natural Gas/RNG with Pyro Green-Gas, the work PYR does in collaboration with HPQ Silicon, and torches for numerous uses/markets).
Long and Strong in PyroGenesis!
Thinkbigsti69 wrote: Reccuring revenue is what is so great about this NR.
BCONTVentures wrote: Fantastic news! Great work Peter and Team at PyroGenesis!
From the news release (NR): “The fact that we have a salt-free dross recovery system in use for the first time at a primary aluminum producer further validates our DROSRITE™ technology, and opens the door for further expansion,” added Mr. Pascali.
“In fact, we are gaining significant attention within the industry, and we are receiving additional inquiries from other primary aluminum producers in the Gulf region as a result of this achievement.” From the Drosrite International LLC NR: The Company is also pleased to announce that the remaining four systems have already been manufactured and have successfully passed factory acceptance testing. Drosrite International is currently awaiting final shipment to the Smelter’s facility. (4 more systems to be shipped). Also from the NR:
"In addition, the commissioning of these systems generates recurring revenue, from ongoing maintenance and spare parts. With these first three systems now fully operational, we look forward to installing the remaining four DROSRITE™ systems for these clients.” Long and Strong in PyroGenesis!
Betteryear2 wrote: MONTREAL, April 25, 2022 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to confirm that, further to Drosrite International LLC’s press release earlier today, the Company’s DROSRITE™ dross recovery technology has been successfully commissioned at Ma’aden Aluminum (the “Smelter” or “End-User”), a joint venture with Alcoa, and one of the world’s largest primary aluminum producers with 2021 revenue in excess of US $7billion.