PyroGenesis Canada Inc. (
TSX: V.PYR,
OTCQB: PYRNF,
Forum) on Monday announced that it has successfully completed the ramp-up phase of its first plasma atomization system.
PyroGenesis President and CEO Peter Pascali has provided an overview of today’s announcement in a Q&A format.
“It means that we are open for business,’’ he said in a press release.
More information can be found
here.
PyroGenesis is a high-tech company that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products.
PyroGenesis was in the news recently when the company said it has received US$367,982 under military contracts worth US$1.2 million that were announced on January 10, 2017.
The payment announced today is one of several received since January by PyroGenesis totalling US$925,122 under an original contract worth US$978,312. The balance of approximately US$53,000 is expected to be received by the third quarter of 2017, the company said.
Additionally, PyroGenesis said $300,000 of warrants have been exercised.
Full Disclosure: PyroGenesis Canada Inc. is a paid client of Stockhouse Publishing.