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Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

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... see more

TSX:PYR - Post Discussion

PyroGenesis Inc > A refresher on the HPQ deal in 2021
View:
Post by tamaracktop on Aug 20, 2023 12:44pm

A refresher on the HPQ deal in 2021

11. INTANGIBLE ASSETS 
Fumed Silica 
 
On June 30, 2021, the Company (HPQ) acquired intellectual property for the production of fumed silica materials. 
 
Pursuant to the purchase agreement, the Company is committed to pay to the seller the greater of an annual royalty equal to 10% of net revenues, excluding the samples (as defined in the agreement) generated from the 
exploitation of the acquired technology or the minimum amounts per the agreement.

Also, the seller is being granted the right to convert, at any time and at its sole discretion, its royalties into a 50% equity stake of HPQ 
Polvere. An amount of $3,300,000 paid in cash was recorded as the cost of intellectual property. 
 
The minimum annual royalty amounts owed when there is income under this new agreement are as follows: 
$
2023 50,000
2024 100,000
2025 150,000
 2026 and after 200,000 
 
PUREVAP™ NSiR 
On August 18, 2020, the Company acquired from PyroGenesis the PUREVAP™ NSiR technology for the fabrication of nano silicon materials. Pursuant to the purchase agreement, the Company is committed to pay to the seller the greater of an annual royalty equal to 10% of net revenues (as defined in the agreement) generated 
from the exploitation of the acquired technology or the minimum amounts per the agreement.

Also, the seller is being granted the right to convert, at any time and at its sole discretion, its royalties into a 50% equity stake of HPQ Nano. 
 
The minimum annual amounts under this new agreement are as follows: 
 
2023  $ 150,000
2024 and after $ 200,000 
 
The intellectual property, was recognized upon acquisition for a total amount of $2,400,000, paid in cash. The related liability, royalties payable, of $864,013 calculated based on estimated cash flows under the agreement over a period of 25 years at a discounted rate of 18%, was also recorded to intellectual property.
Comment by tamaracktop on Aug 20, 2023 1:16pm
If HPQ can get their revenues from zero to $250 million, then pyrogenesis's royalties will cover the company's cash burn. 
Comment by filoux004 on Aug 20, 2023 1:18pm
TT are you describing a rainbow unicorn? Glta
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