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Message: PyroGenesis Increases Ownership in HPQ Silicon Resources Inc. to 9.6%

Hi again Poetech2,  

That is a very difficult question to give more color to above and beyond what we have disclosed publicly. 

I can say that I stand by what was previously disclosed. 

I understand your question particularly in light of a lack of announcements particularly concerning additional Drosrite™ sales.   

I do not think I am saying anything out of school if I remind you that we account for revenues on a percent completion method.  In other words, we do not need to complete a project (or receive the money from a customer) to account for revenues…it is based on percent complete.  In other words, if we are 50% complete on any project, we can recognize 50% of revenues and expenses budgeted for that project.   

Maybe that can help explain why we stand by what was previously disclosed. 

Hope that helped, 

Regards,  

Peter  

CEO PyroGenesis Canada Inc

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