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.

TSX:PYR - Post by User

PyroGenesis Inc > New Press Release - PyroGenesis Receives $2.8 Million Payment Under Existing Drosrite(TM) Contract with Saudi Client

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Comment by dalesio_98on Nov 26, 2024 8:45am

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Post# 36330781

RE:RE:New Press Release - PyroGenesis Receives $2.8 Million Payment Under Existing Drosrite(TM) Contract with Saudi Client

Congrats on the interim payment.

BCONTVentures,

If you are going to quote from the press release, do so accurately!

The remaining four Drosrite™ systems under the contract have already been manufactured and are expected to be delivered to the end client’s operations in Saudi Arabia.

Note no time frame was provided, June 26, 2024 PR indicated It is expected that all 7 systems will be up and runninh before year-end:

Once the payment of the remaining balance due of approximately CAD$4.8 million (USD$3.5 million) plus storage fees is secured, the remaining 4 systems, which have been manufactured and are currently in storage, will be shipped. It is expected that all 7 systems will be up and running before year-end.

Good luck to All!

BCONTVentures wrote: Excellent news! Note from the NR that the remaining four DROSRITE systems have already been manufactured and are ready to be shipped to the Client's location.

Also, from a previous NR, "PyroGenesis DROSRITE systems have been working exceptionally well".

PressRelease wrote:
MONTREAL, Nov. 26, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (PyroGenesis) (https://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce...read article.