RE:New Press Release - PyroGenesis Announces $1 Million First-Phase Contract to Develop Plasma-Based Graphite Production SystemExcellent news! From the NR:
The first phase $1 million contract is for the design and delivery of a customized pilot-scale plasma reactor and associated testing system. Upon the successful completion of this phase, the next step would be the development of a full-scale graphite production plant for which PyroGenesis has exclusive rights.
Additionally, PyroGenesis has negotiated a 10% royalty on future gross revenues generated from an initial commercial graphite production plant built by the client, and a 5% royalty on any subsequent plants. PyroGenesis is the exclusive plasma supplier and engineering service provider for the construction of any such plants.