The following is from the PYR Q2 / 2023 Press Release:
$33.9M Backlog.Business Lines Development near term (0 – 3 months):
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Radian Oil and Gas original $25M contract,still outstanding $8M. Discussions regarding outstanding as well as a new order of additional Drosrite Systems as their cash flow pressures and new opportunities move closer to resolution.
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Results expected regarding innovation Grant Applications.
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In negotiations for multiple Metal Powder orders.
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Global Aerospace firms 2 year long qualification of Titanium Metal Powders will conclude in the near term.
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Post Qtr. End, August 1, signed contract for $4.1M Plasma Torch order with a confidential U.S. based Aeronautics and Defense client.
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Client B site acceptance test has resumed, after storms flooded their facility, with the expectation for SAT completion within the next few eeks or sooner.
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Pyro Green-Gas is expected to sign a $10M - $15M contract in connection with a renewable natural gas project.
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Negotiations underway for next step deployments and sales, with announcements forthcoming, for Aluminum Remelting Furnaces.
Just number 5 above, the $4.1M signed contract is more revenue than Q2. These near term catalysts have the potential to give PYR a breakout quarter for revenue, add to the backlog, satisfy the Nasdaq requirements, attracting institutional/family office investors therefore driving share price and reduce overly dilutive financing for expansion financing.
The pipeline is ripe, ready to bear fruit, and the market is hungry for ESG solutions. A few good news releases could bring PYR into the focus of many, not only investors but also companies/industries looking for solutions. Don’t look back, the future is almost upon us.