PyroGenesis Canada Inc. (
TSX: V.PYR,
OTCQB: PYRNF,
Forum) said Thursday it has received a purchase order worth $1.02 million for the sale of a second DROSRITE™ Furnace System to a North American automobile parts manufacturer.
PyroGenesis’ DROSRITE System is a salt-free, cost-effective sustainable process for maximizing metal recovery from dross, a was generated in the metallurgical industry.
Deliver is scheduled for the second quarter of 2018, and the contract calls for a 50 per cent down payment and 10 per cent hold back.
More information can be found
here.
PyroGenesis was in the news recently when the company said it has successfully completed the ramp-up phase of its first plasma atomization system.
Pascali has provided an overview of the announcement in a Q&A format.
“It means that we are open for business,’’ he said in a press release.
PyroGenesis is a high-tech company that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products.
Full Disclosure: PyroGenesis Canada Inc. is a paid client of Stockhouse Publishing.