Proven plasma torch processes for US military, 3D powders for aircraft engines and solar grade silicon metal for solar industry

Q2 2020 Results: Net Income $5.2MM; Gross Margin 60%; Earnings per Share $0.04

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Message: VIDEO - PyroGenesis Received First $1.4M Payment On $25M Contract; US Aircraft Carrier Order For $13.5M Imminent

VIDEO - PyroGenesis Received First $1.4M Payment On $25M Contract; US Aircraft Carrier Order For $13.5M Imminent

posted on Mar 25, 2020 04:45PM
In October of 2019, PyroGenesis announced a $20M contract, in which its technology would be used by one of the biggest high-tech aluminum smelters in the world.  Yesterday, the Company received it's first $1.44M payment of a total of $8M to be received over the next several weeks.
 
If that wasn't enough, after already having sold two plasma torch based systems to the US Navy for installation on two aircraft carries, PyroGenesis the Company has already been advised by the US Navy that $13.5M in orders are coming for two more aircraft carriers.
 
To this end, investors will be happy to hear that PyroGenesis has been deemed an essential service, is fully operating with almost all employees working remotely and does not foresee any demand side or supply chain issues hampering the Company's operations.
 
Finally and perhaps most importantly, CEO Peter Pascali discusses the civil duty reasons behind his $100,000 donation to Quebec healthcare in its fight against COVID-19, as well as, the corporate duty reasons for not laying off a single employees despite a virtual shutdown of the global economy.
 
On all fronts, this is the most powerful interview we have ever produced with a Canadian small cap company. 
 
If you are just discovering PyroGenesis (PYR:TSXV) then grab your favourite drink and watch this powerful video .... or listen in via podcast when you want to tune out the world and learn about an incredible company.
 
Please be sure to share this interview with your networks.  Thank-you.
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