PyroGenesis Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.

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PyroGenesis Inc > New Press Release - PyroGenesis Signs Landmark $27 Million 3-Year Contract for Hyper-Powered 20MW Plasma Torch

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Comment by BCONTVentureson Oct 21, 2024 1:56pm

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Post# 36275177

RE:RE:RE:New Press Release - PyroGenesis Signs Landmark $27 Million 3-Year Contract for Hyper-Powered 20MW Plasma Torch

Some great posts from @ordos:

@ordos From another discussion site. The client could be https://www.cubrc.org/

@ordos It would make sense, since they are involved in hypersonic flight testing on the ground. This most likely includes hypersonic weapon development, e.g. requires materials that can withstand the extreme temperature and ionization (e.g. plasma) that happens in hypersonic flight.

@ordos And this is not even from verticals of Pyrogenesis that are most popularized, e.g. HPQ Silicon related, iron ore induration, metal powders, aluminum dross. This is advanced R&D. Pyrogenesis never fails to surprise, in a good way.

@ordos This ensures that Pyrogenesis gets $9MM per year for the next 3 years, just from this big R&D contract.

@ordos And Pyrogenesis further securing its financial position with today's big R&D contract also ensures that HPQ Silicon projects are further strengthened / de-risked.

@ordos Then there is EarthGrid with its $18B USD JV for which Pyrogenesis is going to be a torch supplier.

BCONTVentures wrote: And:

"A plasma torch at this power level, based on PyroGenesis’ own research, represents one of the most powerful (if not the most powerful) plasma torches ever produced commercially."

BCONTVentures wrote: Fantastic news! Congrats to Peter and Team! Note that this is the same client that ordered the 4.5MW torch from last year.

From the NR:

“This landmark contract for a PyroGenesis-developed 20 MW plasma torch system raises the bar globally for plasma power and demonstrates the role PyroGenesis’ technology plays for significantly more challenging high, ultra-high, and now hyper-high temperature and power needs. This need is seen specifically within aerospace, defense, and certain heavy industries,” noted P. Peter Pascali, President and CEO of PyroGenesis. “Beyond its use in military and aeronautics, plasma torches of this power level position us well to expand our capabilities into other industries requiring appreciably higher power level technology, such as glass, cement, petrochemical, and metal and mineral heating, as well as melting industries – a requirement that is becoming more common as global energy transition measures, and the demand for unique high power heat applications, accelerate. The critical nature and the advanced science involved in this client’s application underscores the regard that clients have for PyroGenesis’ scientific and engineering capabilities.”