Re: PyroGenesis Announces 2017 Results: Revenues Increase 38%; Gross Margins Increase to 44%; Gross Profit Increases 258%; EBITDA (Mod.) Improves ...

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Decidueye

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Re: PyroGenesis Announces 2017 Results: Revenues Increase 38%; Gross Margins Increase to 44%; Gross Profit Increases 258%; EBITDA (Mod.) Improves ...

posted on May 01, 2018 12:42PM

Mr. Pascali,

The 2017 results seems to copy or repeat a part of the 2016 reports regarding the Drosrite section. I think that it is imperative to differentiate more accurently that section. At least the Drosrite informations should be more detailed. Currently it seems to be a bit dishonest informations. You should really address that. It might hurt Pyrogenesis if it not already the case.

2016 Drosrite statement : 'Soon thereafter, a successful demonstration of the DROSRITE™ System in the Middle East took place, following which an unsolicited request to exclusively market the process in the region was received and is currently being discussed.'

2017 Drosrite statement : 'During this time, a successful demonstration of the DROSRITE™ System in the Middle East has resulted in significant interest from that region'