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 > 20-MW Torch Concerns ? -- Go Figure ?

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Comment by Thinkbigsti69on Oct 29, 2024 9:05pm

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Post# 36287939

RE:RE:RE:RE:20-MW Torch Concerns ? -- Go Figure ?

BCONTVentures wrote: And very impressive PyroGenesis' torch development during the past couple of years:

In 2020 PYR was offering a 900 kW torch, 2022 a 2.5 MW torch, 2023 a 4.5 MW torch, and now a 20 MW torch (with the same client from the 4.5 MW torch).

(Note that this past spring when PyroGenesis attended TMS 2024 in Florida, PYR was offering torches up to 5MW in power).

Keep in mind PYR has some of the most plasma expertise under one roof and it is very impressive that PYR has been able to go from 900 KW to 20 MW in a couple of years.

Interesting that in the video it references the client as a major aeronautics and defense contractor with a particular expertise in jet propulsion (this is mentioned around the 1:15 minute mark).

https://www.youtube.com/watch?v=t6plkucvZ1A

And 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.

Very impressive CUBRC:

https://www.cubrc.org/aerosciences/

BCONTVentures wrote: Great points ToolmanTim, thanks for this. And ToolmanTim brings up a great point regarding this $27 million contract, the recurring revenue for spare parts and maintenance will be a large amount, for many years to come. Look at the recurring revenue that PYR has with the US Navy, in the form of maintenance, sales/support/training, and spare parts.

ToolmanTim wrote: I'll just say... a torch is not a stand alone device. It will likely be the centerpiece of a very large building with all the infrastructure, electrical supply components, cooling, mechanical required to run it properly for whatever purpose they are planning. It's equivalent to a car engine... you need the car built around it to go anywhere and this support construction is likely the driver of the 3 year timeline in the NR. This is likely a massive project of which "install the torch" is task #784 of 1000 line items. PYR will get paid along the way as they reach many milestones along the way... from the contract signing, through design, manurfacture milestones (of which there could be many), delivery, startup... etc. totaling $27M. Then ongoing revenue from support/maintenance/parts of such a beast... The torch itself is not $27M... likely it is just a small fraction of that.