Justwow - (12/16/2022 9:17:33 PM)
RE:RE:RE:RE:RE:Additive Manufacturing to reach US76.16 billion by 2030
Another example of how bashers mislead shareholders by "twisting facts" and telling "half truths" to spread FUD!
It was a s"strategic" decision by Pyrogenesis to move away from producing systems in favour of producing powders. This is explained in this PR released by Pyro in 2016
Q. You also had a CAD 12.5MM contract to deliver ten (10) systems to an Asian client if I am not mistaken? I understand one (1) was delivered, and the balance was not. Can you elaborate?
A. Our intention was to fulfil the contract and deliver the balance of nine (9) systems however between finishing the first system and commencing fabrication of the other nine (9) systems, three (3) things happened. First, we spent approximately CAD 2MM to improve the first system’s production rate and powder size. Second, and given these improvements, we previously announced on October 26, 2015, our strategic decision to move away from producing systems in favour of producing powders. Our internal calculations indicated that what we could
expect to make from the powders produced from one (1) system, year in/year out, outweighed that which we expected from the one-time profit made from selling ten (10) systems. Third, a situation arose that enabled us to withdraw the offer to produce the balance of nine (9) systems, which was most opportune since, as much as we would have liked to deliver the nine (9) systems, we were not set up to do both that and enter into powder production.
Q. This must have caused quite a bit of hardship?
A. It certainly did. What company with CAD 6MM in revenues and traditional margins of 40-50% would not suffer from getting out of a CAD 12.5MM contract? The decision was even more difficult given that several months earlier, we had stated that with the downpayment for the next nine (9) systems, the Company was projected to be cash flow positive.
Q. How did you make the decision?
A. It was not easy. There were many external factors that impacted the process; cash requirements, market sentiment, analyst projections, amongst others. Actually, an employee asked me that same question and I responded that, in order to understand what the best decision for the Company is, one must imagine that these external factors do not exist. In other words, what would you decide if you had all the cash you need, investor sentiments were nonexistent, and analysts would understand? Once you figure out what the best decision is, then you can decide whether these external factors are manageable, and that’s exactly what we did. We decided that the gain derived from being in powder production sooner, far outweighed the short term pressures from not having the cash or credibility from producing the nine (9) systems.
Do not believe anything that these bashers/Fudsters say! Do your own DD on the company. They are paid to spread FUD to nervous investors so they can lure you into selling your shares!
https://www.pyrogenesis.com/wp-content/uploads/2018/11/UPDATE-ON-ADDITIVE-MANUFACTURING-STRATEGY-1-1.pdf
It's worth reading the entire PR. Another interesting point about GE's US$1.4 billion acquisition to increase their presence in additive manufacturing:
Separately, the Additive Manufacturing industry is heating up and the recent announcement that General Electric (“GE”) purchased two (2) of the world's top makers of powder machines for metal-based 3D printing - Sweden's “Arcam” and Germany's “SLM Solutions” - for a total CAD 1.4B, underscores that position. I think our investors are beginning to appreciate our decision to provide powders to the Additive Manufacturing industry when we did, as opposed to sitting on the sidelines during this exciting time.
Q. What does the GE’s acquisition of Arcam, and by extension AP&C, mean to PyroGenesis? How do you expect it will impact the Company’s strategy moving forward?
A. The acquisition of Arcam by GE underscores the importance and value that the powders produced using our PAP has within the Additive Manufacturing industry, and further validates our strategic decision to get back into powder production, which, in retrospect, was quite timely.
Also, since AP&C is the only company that had rights to PyroGenesis’ old technology, this acquisition by GE has actually provided for an increased interest by others in the industry about our capabilities.
Patience will be rewarded!
Long and Strong Pyrogenesis!
As posted by Sorryson:
Why dont you tell everyone how much powder they have sold since announcing the " return to powder " in 2016....
How about since the "second shift was added in 2017"
How about the 10 tonne minimum contract in asia
100Kg of samples in May 2022 ...paid or unpaid? vs 1000 tonnes a year at AP& C
care to explain or simply pump and deflect....
BCONTVentures wrote:Keep in mind that Boeing used PyroGenesis' 3D printing powders for 2 studies last fall:
https://www.mdpi.com/1996-1944/15/3/705/pdf https://www.mdpi.com/1996-1944/15/2/530/pdf With 3D printing/additive manufacturing, the testing schedule adheres to very strict guidelines/regulations. The fact that Boeing selected PyroGenesis for these studies further validates PYR's powders (take a look a the results in the studies).
Also, from PyroGenesis' recent news release (NR) on Additive Manufaturing/3D Printing:
- European Manufacturing Facility
Further to its press release dated July 18, 2022, wherein the Company announced that, in anticipation of expected growth of the European market as well as nearby markets, it is pursuing a strategy to build and operate a metal powder manufacturing facility in Europe:
The Company is happy to announce that it has entered early-stage discussions with at least one potential partner for this endeavor. This process is not expected to result in any significant action before 2023.
- Repurpose of R&D Reactor for Commercial Specialty Applications
The Company is upgrading and repurposing one of its existing plasma-atomization reactors, previously used for various metal powder R&D activities. By doing so, this reactor will be able to produce commercial metal powders for specialty applications. This process is currently underway. Long and Strong in PyroGenesis!
COGT wrote: And look at United Airlines just ordered 100 Boeing Dreamliners and option on 100 more plus Max 8s". That's a lot of Ti per plane and Boeings commitment to A M is not going away.
I think Fraush posted Boeing production #s per Dreamliner info a few months back. The demand for Ti powder is real.
Though our resident experts will tell you the world is ending and PYR is the wrong place to be.
GLTA