The potential is what i focus onFrom Franois Coderre on Pyro Facebook group, I think it's a great reminder of Pyro's potential : The market has been on a downtrend since last year ATH. To stay focused on the company's potential, I tried to make a summary of the different business lines. I'm sure there are a few mistakes, but it gives a good overview.
Iron ore pelletization Client A (Vale) : 1 torch delivered. Potential of 36 ($95-115M) up to 500 torches ($1.3-1.6B)
Client B (Rio Tinto): 4 torches ordered ($6M). Potential of 130 torches ($340-415M)
Client C (Unknown, maybe Arcelormittal): Potential of ~350 torches ($920M-1.1B)
*these numbers are upfront payments and don't include recurring maintenance revenues
Aluminium Drosrite Radian : ~ $20M contract Drosrite (North american automobile parts manufacturer): 2 systems order Drosrite (existing client) : $10-15M Drosrite Europe: Potential of $40M Drosrite (other): Potential of $40M Joint venture (downstream residues) : ~2.5M$/year Spent pot lining(Alouette) : R&D $195k Anode baking process : Potential of 1000 torches Plasma waste destruction US Navy: $11.5M contract PFAS waste stream treatment : Potential of $9.2M contract Medical waste (Asia): 1 torch, $1.2M contract Municipal waste destruction (St-Lambert-de-Lauzon, Qc): Lobbying, $100M project. Renewable natural gas Tata Steel: $5.5M RNG (Neuville): $5M Turquoise hydrogen and carbon black: R&D AM powders Titanium powder Aubert&Duval: $60M potential market Top tier titanium powder qualification: ongoing Aluminium powder : provisional patent filed HPQ silicon Purevap QRR: $8.26M Nanosilicon reactor (NSiR): $3M Fumed silica: $4M Other Glass nanoparticles (Progressive planet solution) : R&D Conversion of methane to useful chemicals with a plasma torch (European research center): $273K Ceramic powder processing system (Defence space project division (NRCC)): $1.15M Destruction of ozone depleting susbtances : R&D, patent received Cash equivalent on hand, including different assets (May 2022) : $18.5M Number of employees: ~115-120