PyroGenesis Inc T.PYR

New Press Release - PyroGenesis Receives $1.04 Million Project Milestone Payment Under Existing $4.1 Million Contract for 4.5MW Plasma Torch with Aeronautics and Defense Client

The Company also recently signed a second contract with this client for a $27 million hyper-powered 20MW plasma torch. MONTREAL, Jan. 21, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (https://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company that designs...read article.

[BCONTVentures]

Excellent work and progress being made on this 4.5 MW torch.  Note that this is the same Client who recently contracted PyroGenesis to build the 20 MW torch (one of the most powerful torches ever produced commercially).  Congrats to Peter and Team! From the NR: “As I stated when we first announced this contract, the development of a 4.5 MW plasma torch system reflects the potential for

[BCONTVentures]

Very impressive PyroGenesis' torch development during the past couple of years: In 2020 PYR was offering a 900 kW torch, 2022 a 2.5 MW torch, 2023 a 4.5 MW torch, and now a 20 MW torch (with the same client from the 4.5 MW torch).  (Note that this past spring when PyroGenesis attended TMS 2024 in Florida, PYR was offering torches up to 5MW in power). PyroGenesis has some of the most

[BCONTVentures]

LinkedIn post on yesterday's NR: https://www.linkedin.com/posts/pyrogenesis_pyrogenesis-receives-104-million-project-activity-7287831878911311872-hUUv