Post by
TheShare on Feb 02, 2022 2:55pm
To be honest
4 Mio is not sufficient to move the SP up
G PYR
Comment by
BIGMOE on Feb 02, 2022 2:57pm
That's 10% annual revenue for Pyro ($4 million). All the contract just add up and helps.
Comment by
developbc on Feb 02, 2022 2:59pm
Indeed “Aside from the three systems disclosed today, PyroGenesis now has eleven (11) commercial Drosrite™ systems either in full operation, delivered or in the process of being delivered,” added Mr. Pascali. “Once all eleven systems are in operation, the Company expects to benefit from a recurring revenue stream, from spare sparts alone, in excess of $4 Million per year.”
Comment by
Thinkbigsti69 on Feb 02, 2022 3:02pm
Things just keep getting better at PYR. Just a beginning!
Comment by
haratekid on Feb 02, 2022 3:04pm
It's actually disturbing if that is 10% of annual revenue. https://youtu.be/mqFLXayD6e8
Comment by
developbc on Feb 02, 2022 2:58pm
This is really huge for validation and confirmation on Drosite offering by Pyrogenesis as this is very early stages. The aluminum industry is huge and this is great step for more industry wide adoption of Drosite. Long and strong PYROGENESIS
Comment by
bcsc on Feb 02, 2022 6:09pm
It has been 6 years since the installation of the first Drosrite system. Not sure I would characterize that as "very" early stages. Good news however.