PyroGenesis Canada Inc. (
TSX: V.PYR,
OTCQB: PYRNF,
Forum) said Monday that further to its press release on November 16, 2017, the company has received US$400,000 as a down payment for the sale of a second commercial DROSITE™ furnace system to a North American automobile parts manufacturer.
The system is scheduled to be delivered in the second quarter of 2018, the company said.
More information can be found
here.
PyroGenesis was in the news recently when the company said 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.
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.