Bullboard - Stock Discussion Forum 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... see more

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PyroGenesis Inc > Sparc Status

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Post by sorrenson on Jun 04, 2024 1:38pm

Sparc Status

Cashbag raised this on CEO .. Does anyone know the status of Sparc for New Zealand. I cant see anything on the Cool safe site and PYR is quiet other than the payment last August.Look really interesting .

Aug 2023 The company expects to complete the fabrication phase by the first quarter of 2024.

Not sure if this is the same unit as NZ is Oceania not Asia but there is nothing else re SPARC in the MD&A

May 14th 2024 MD&A Page 28 SPARC Refrigerant Waste Destruction System: The Company had previously announced that it was in the final phase of a tendered bid process for the safe destruction of hazardous end-of-life refrigerants, such as CFCs, HCFCs, and HFCs, for a contract amount of approximately $6.5 million. The Company’s Steam Plasma Refrigerant Cracking (SPARC) system was named as a finalist for this Asian client’s initiative. The potential client subsequently decided not to destroy the waste in a non-combustible, emission-free manner, choosing instead to utilize an existing incineration facility to collect and potentially incinerate the refrigerants, as regulations in that jurisdiction allow. The Company remains in contact with the potential client and will re-commit to negotiations if the potential client decides to reassess their approach at a later date.

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Comment by Danielthemanual on Jun 04, 2024 2:18pm

Don't questions Sorenson - You act like you know everything, so don't break your schtick now.

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Comment by sorrenson on Jun 04, 2024 4:17pm

Rules prevent me from giving you the response you are truly due. But please do advise everyone the status of the Sparc contract even if it makes you sad. .

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Comment by Danielthemanual on Jun 04, 2024 2:19pm

This post has been removed in accordance with Community Policy

Comment by BCONTVentures on Jun 04, 2024 4:33pm

The SPARC system for New Zealand is being constructed/finalized. From the Q1 MD&A, the amount of revenue for the SPARC system (based on percentage of completion) is: Three months ended March 31: 2024 2023 Variation Refrigerant destruction (SPARC™) 102,718 67,847 34,871 https://ir.pyrogenesis.com/static-files/e713eadb-d61d-4143 ...more

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