Pyrogenesis Canada Inc T.PYR

New Press Release - PyroGenesis Signs Landmark $27 Million 3-Year Contract for Hyper-Powered 20MW Plasma Torch

Backlog increases by approx. 90% to over $55 million, an all-time high for the Company MONTREAL, Oct. 21, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (“PyroGenesis”) (https://pyrogenesis.com) (TSX:PYR) (OTCQX:PYRGF) (FRA:8PY), a high-tech company that designs, develops, manufactures and...read article.

[BCONTVentures]

Fantastic news!  Congrats to Peter and Team!  Note that this is the same client that ordered the 4.5MW torch from last year. From the NR: “This landmark contract for a PyroGenesis-developed 20 MW plasma torch system raises the bar globally for plasma power and demonstrates the role PyroGenesis’ technology plays for significantly more challenging high, ultra-high, and now hyper-high

[BCONTVentures]

And: "A plasma torch at this power level, based on PyroGenesis’ own research, represents one of the most powerful (if not the most powerful) plasma torches ever produced commercially."

[Thinkbigsti69]

 @ordos And this is not even from verticals of Pyrogenesis that are most popularized, e.g. HPQ Silicon related, iron ore induration, metal powders, aluminum dross. This is advanced R&D. Pyrogenesis never fails to surprise, in a good way.

[BCONTVentures]

Some great posts 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

[BCONTVentures]

And: @ordos @BayRunner There is no other company like Pyrogenesis, it is a high tech company in a field of extreme temperatures that has almost no other players on the same level. It takes years to materialize an actual product, especially if it means being a disruptive pioneer in multiple large industries. All of this in an unheard of environment of pandemic supply chain disruptions and

[dalesio_98]

ll it takes is identifying the Client. Pyrogenesis hasn't! Good luck to All!

[dalesio_98]

Correction: All it takes is identifying the Client. Good luck to All!

[BCONTVentures]

@ordos And with today's hard contract, again, the signed contract backlog has nearly doubled to $55MM. This is not a pipeline, this is hard signed contracts. Try pushing that financial insolvency fake FUD talking point again, that will age well. @ordos EarthGrid, Fumed Silica Production, Drosrite, Heavy Industry Electrical Furnaces, Metal Powders, Iron Ore Induration, Cement