Today's contract for PFAS is NOT the same contract as before FUDsters try to say PYR got lowballed and selling cheaper. NOT TRUE!!
The previous project that Pyrogenesis was selected was entire land based system...today's contract is just for a plasma torch!
Previous announced involvement Oct 2021: "... it has been selected to provide a $9.2MM land-based system to destroy Perfluoroalkyl and Polyfluoroalkyl Substances (“PFAS”) . .... PyroGenesis was recently informed that, after a competitive bidding process, it had been selected to provide its plasma based thermal process equipment in a two-phase project geared to providing a land-based system to destroy PFAS"
Today's contract was just a plasma torch system NOT the entire project proposed as before:
PyroGenesis previously announced its involvement (Press Release dated October 28, 2021) in this very same project before subsequently suspending and discontinuing discussions (Press Release dated October 7, 2022) as, at the time, the project did not align with the minimum requirements of the Company’s global strategy. However, as a result of renewed interest from the project principles, and upon developing a different approach, the Client re-engaged with PyroGenesis and as such PyroGenesis will now supply a plasma torch system as a key destruction component of the overall solution build.