First, let me say thank you for your reply to my previous question about the tolling service fee. Your time and dedication to PyroGenesis shareholders is really appreciated.
I like a lot the business model you built for Drosrite : model scaling, metals diversification, JV with a multinational, the pricing structure. I am eager to learn more and excited to be part of that disruptive innovation.
So much happened this week. Do you have a minute or two to answer some questions?
U.S. Navy contract :
The contract is for the construction of the plasma-based waste destruction systems. What is the maintenance or engineering service agreement for such a contract? I guess it is the same service agreement as the current PAWDS. When there will be 4 operationals Marine PAWDS, what recurrent revenue can we expect year to year from servicing them?
Aircraft carriers are huge ship with nuclear reactors, always at sea. For smaller U.S. Navy ships, is there interest for the PAWDS?
Aubert & Duval exclusive partnership :
In their version of the news release, Eramet states that it will allow them to reach a significant 15% market share of titanium powders in Europe by 2022. What is Eramet evaluation of that total market in 2022? Do you know their target in Euro?
PyroGenesis stated that the agreement envisions establishing production capability in the market. So, PyroGenesis will construct a production facility in Europe. Is it mandatory to the agreement or will it come later after the expected market share of titanium powders is on track?
Seems the market is lazy and awaits hard data and contract finalization. I guess we cannot all be visionaries. ;-)