Pyrogenesis the Company – a not so brief summary! [Update 2]

Update 2:

[This is a modified version of the recent post [05-23-2020 Update 1] on PyroGenesis’ many torch applications. Changes have been made to the PUREVAP & Tunneling sections, along with minor modifications to the High-powered torches section. Added a BNN Bloomberg video with Robert McWhirter’s take on Pyrogenesis, and a few other links, to the ‘Additional Links’ section. If there are any mistakes, or if there is information you would like to see added, please post in the forum and I will look into it for the next revision.]
 
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[TLDR warning, there’s a lot of content below. Key bits are bolded/underligned …
 
This is a comprehensive summary of PyroGenesis’ many torch applications, with some thoughts added in between. It is meant to be an aid to anyone who is new to this board or is looking for a recap on the company’s many developments over the last 2-3 years. I’ve posted links for much of what is written here, so you can validate the DD yourself.]
 
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INTRODUCTION
 
To the new investors, welcome to the board, and congratulations to those who have stuck with the company through thick and thin. I haven’t been on this forum as long as most of you but am already a huge fan of PyroGenesis… after having researched their plasma technology and the markets they are breaking into, I am even more excited. There is just SO much potential revenue from the game-changing avenues that the company is pursuing!
 
Before jumping into things, it’s worth a quick look at what the company is all about: Plasma.
 
What is Plasma? Plasma is the 4th state of matter, typically consisting of a mixture of ionized species, electrons and neutral particles. Thermal plasmas can easily reach temperatures in excess of 5500 degrees Celsius, comparable to what can be observed at the surface of the sun. Pyrogenesis has been mastering plasma usage in high-technology applications over the last 30 years.
 
 
CURRENT STATE OF AFFAIRS
 
PyroGenesis has turned its fortunes around in the last year. The upside is now sky-high whereas the risk in investing in the company has been significantly lessened, more so than at any time in the company’s history.

This is because, first and foremost, Drosrite is now. The company is going to make around $20M in revenue alone this year ($25M over the first 18 months) from their Drosrite contract with Drosrite International. If you’re wondering what ‘Drosrite’ is, see Section 3 below.
 

Peter Pascali stated in the NR on June 3, 2019:

https://www.Pyrogenesis.com/wp-content/uploads/2019/09/PyroGenesis-Awarded-20M-Approx.-First-Year-Revenues-Contract-With-Over-35M-Subsequent-Years-Revenues.pdf

“This is indeed a watershed moment in PyroGenesis’ history. It is the single largest contract that the Company has been awarded,” commented Mr. P. Peter Pascali, President and CEO of PyroGenesis. “With the revenues from this Contract, we do not foresee raising capital for working capital purposes in the foreseeable future as the Company, with this Contract, which is cash flow positive from the start, will be profitable.”


Now is the PERFECT time to be invested in the company.  Peter has reassured investors and the Drosrite deal money is coming in, meaning the company has been significantly de-risked for the next two years at least. Even if no there are no further developments from what has already been announced this year, 2020 revenues will be at least 200% greater than any year in its history!

That said, the chance of no further developments this year is extremely low. PyroGenesis can now boast of a strategic partnership with 3 multi-Billion dollar entities (Japanese trading company - Drosrite tolling || Aubert & Duval - AM powders || US Navy - PAWDS).

As many on this board have stated, some of these revenue streams alone have the significance to turn PyroGenesis into a blue-chip company. Along with the metal powders business, the Drosrite tolling & equipment sales, PUREVAP, High-powered plasma torches, and Tunneling business segments are 9-10-digit potential annual revenue generators. I’ll be going over these, along with several other plasma technology applications in the company’s pipeline.


 
TABLE OF CONTENTS:
 
Sections in the summary are as listed below:
 
1 – US NAVY
2 – AUBERT & DUVAL PARTNERSHIP || PYROGENESISADDITIVE (AM POWDERS)
3 – DROSRITE (INCLUDES SAUDI DEAL & JAPANESE TOLLING PARTNERSHIP)
4 – HPQ PUREVAP
5 – HIGH POWERED TORCHES (INCLUDES IRON ORE PELLETIZATION NEWS)
6 – TUNNELING
7 – WASTE MANAGEMENT
8 - SHAREHOLDER VALUE PLANS
9 - ADDITIONAL LINKS
 
 
 
1. US NAVY 

The US navy has for a long time been a reliable source of yearly revenue, and Peter mentioned that the US Navy intends to purchase $12.5M for Plasma Arc Waste Disposal Systems (PAWDS) for 2 aircraft carriers. He has used the word ‘imminent’ in the past, so unless this project is straight up cancelled, it will eventually go through. The navy have also purchased Hazardous Waste Destruction equipment and may do so in the future.
 
https://www.PyroGenesis.com/wp-content/uploads/2019/03/PyroGenesis-Announces-that-US-Navy-Moving-Forward-with-Two-Ship-Buy-12.5-Million-Dollar-Contract-Imminent.pdf
 
 

2. Aubert & Duval partnership (Europe) || PyroGenesisAdditive (AM powders) 


Aubert & Duval partnership

PyroGenesis has the best Additive Manufacturing (AM) (this term is used interchangeably with 3D printing) powder producing tech in the world in Plasma Atomization. Their production costs are among the cheapest in the industry, due to their NexGen Plasma Automization System. Aubert & Duval (A&D) is a multi-billion-dollar, world leader in industrializing high-performance steel, super alloy, aluminum and titanium alloys for over a century, and a recognized supplier of metal powders of the AM industry. In 2019, the two parties signed a mutually exclusive partnership for A&D to supply PyroGenesis’ powders to the EU market.

Since this announcement, we have not heard much, and as Peter has recently stated, the companies they deal with like to play their cards closer to their chest. France has been hit hard by COVID, but things are starting to settle down, so we should be hearing further from A&D soon.

https://www.Pyrogenesis.com/wp-content/uploads/2019/03/PyroGenesis-Signs-Mutually-Exclusive-Partnership-Agreement-with-Aubert-and-Duval-to-Supply-Plasma-Atomized-Titanium-Powder.pdf
 

PyroGenesisAdditive (AM division)


https://Pyrogenesisadditive.com/
 
PyroGenesisAdditive is PyroGenesis’ AM division, which now has its own website. They currently sell both Ti and Inconel powders for the AM and Metal Injection Molding (MIM) industries, but are likely to branch out into selling many more powders once the division takes off.

PyroGenesis management currently has plans to spin-off PyroGenesisAdditive, which will benefit both the PyroGenesis parent company and its shareholders.

Peter has said:

“The reason to spin-off PyroGenesis Additive is primarily to attract an investor base best suited to their unique value proposition, particular business operations, and financial characteristics, thereby maximizing shareholders’ value and placing it in a better position to generate revenues and develop strategic relationships than had it remained part of the PyroGenesis stable of technologies.”

The spinoff will also help the parent company, PYR, focus on enhancing the value of its existing portfolio of offerings (US military waste-treatment systems, land-waste treatment systems, Drosrite equipment sales, PUREVAP) and fully realizing the burgeoning number of new revenue streams, like Drosrite tolling, Torches for the iron, steel, metallurgy and perhaps Cement industry, Tunneling, etc.


 
Over the next few years, PyroGenesisAdditive is likely to steal a significant portion of GE additive’s Ti powder sales in Europe (AP&C is PYR’s biggest competitor in high-end Ti powder sales, they were acquired by GE through Arcam). Interestingly, Pyrogenesis is the inventor of the Plasma Atomization process, however they had sold their technology to AP&C in 2006. Since then, Pyrogenesis has updated their previous technology, to the NextGen Plasma Automization System (unveiled in 2019), which has the ability to create more cost-effective titanium and penetrate new markets.
 
They are also bound to snag a portion of the total Ti, Inconel & other powder (Ni/Al/etc.) international market, and even if this portion is a very small (let’s say SUPER-conservatively 3-5% small) fraction of the total AM powder sales this is a nine-figure number by ~2024. 

https://www.aerospacemanufacturinganddesign.com/article/additive-manufacturing-metal-powder/ 

That doesn’t even take into consideration powders for (MIM), thermal coating, etc. The potential is just astronomical!

 


3. DROSRITETM (Saudi deal + Japanese tolling partnership + Equipment sales) 


DROSRITE™
 
PyroGenesis’ DROSRITE™ system is a proven, salt-free, cost-effective, sustainable process for maximizing metal recovery from dross, a waste generated in the metallurgical industry.
 
https://www.Pyrogenesis.com/wp-content/uploads/2019/09/2012-09-Drosrite-Plus-COM-2012-Paper.pdf
 
The above is a paper describing PyroGenesis’ patented DROSRITETM process, in which the savings of using their system over presently used industrial treatment processes are indicated to be about $191 and $418 per MT of aluminum and zinc dross, respectively.
 
Drosrite video from PyroGenesis: https://youtu.be/72dPyULE3wc
 
 
DROSRITE™ deal with Drosrite International and partner Radian Oil & Gas
 
As mentioned earlier, the biggest reason for PyroGenesis’ turnaround, is that they snagged a Drosrite contract with a total value of $55 million [$25M over first 12 months + $35M distributed over subsequent years]. The deal was signed with Drosrite International, who are partnered with Radian Oil & Gas Services in Saudi Arabia to provide dross treatment services. Now that they’ve made such a big sale, this will naturally draw the eyes of other big players in the aluminum industry who deal with dross. Zinc & Copper dross is next in line.
 
https://www.PyroGenesis.com/wp-content/uploads/2020/01/2020-03-24-PyroGenesis-Announces-Receipt-of-First-Payment-Towards-25M-DROSRITETM-Contract.pdf
 
PyroGenesis provides the option to clients to either buy their DROSITE equipment or pay for dross tolling services. A tolling service arrangement is one in which a smelter provides dross to PyroGenesis to be processed for a fee either on or off site – a turnkey solution for smelters.
 
 
Japanese Trading House – Tolling partnership
 
Even more exciting than the DROSRITE deal in Saudi, in my opinion, is the partnership with a multi-Billion-dollar Japanese international trading house, which opens a recurring revenue market of > $1B in tolling of Aluminum/Zinc/Copper smelter dross! (see link below).

https://www.PyroGenesis.com/wp-content/uploads/2018/11/PyroGenesis-Announces-Signing-with-Japanese-Multi-Billion-Dollar-Corporation-to-Jointly-Toll-with-DROSRITE%E2%84%A2-1.pdf
 
There are 7 multi-billion-dollar Japanese trading houses in Japan, each having thousands/tens of thousands of employees, and the ability to mobilize an international sales force that a small company like PyroGenesis could only dream of. (I will speculate here but I believe the company is Sojitz; the assets, profit, business with aluminum smelters, and even the 400 subsidary/affiliate description fits)
 
 
https://www.pyrogenesis.com/wp-content/uploads/2019/03/PyroGenesis-Signs-Pre-Tolling-Agreement-with-Major-Aluminum-Smelter-in-the-Middle-East.pdf
 
In the same March 2019 NR (linked above) discussing the Agreement with then un-named Drosrite International & Radian, in a March 2019 NR (linked above), Mr. P. Peter Pascali stated: 
 
“In addition to this latest Agreement, we are actively pursuing other tolling arrangements through our new, multi-billion-dollar global partner headquartered in Japan, which we announced in November, 2018. Our business development team, together with our Japanese partner’s upper management, recently returned from our first series of on-site customer visits, all of whom requested moving forward to the next step. This contract, along with other discussions we are having with various players worldwide, should enable us, together with our Japanese partner, to provide a cookie-cutter offering, and rapidly roll out our on-site tolling business worldwide.”

Further to this previous statement, the following comment from Peter deserves repeating, because it explains the lag on the Drosrite Tolling front: “our focus recently was ensuring the transaction with Drosrite International was a success” and “it is safe to assume we are moving forward on projects (with the Japanese tolling company) together”.
 

 
4. HPQ PUREVAP 


It all started in 2016, when Pyrogenesis received an $8.26M contract to provide HPQ Silicon Resources (Ticker: HPQ.V) with a PUREVAPTM Quartz Reduction Reactor (QRR) pilot system, aimed at producing silicon metal directly from Quartz. This is a new process that will allow a One-Step production of High Purity Silicon Metal (4N + Si), the key to a green and low-cost metallurgical production of Solar Grade Silicon Metal (SoG-Si), the ingredient that allows the conversion of the sun’s energy into electricity via solar cell.

Since then, Pyrogenesis has helped build Gen 2 of the PUREVAPTM QRR, and is currently working on the PUREVAPTM SiNR and PUREVAPTM QRR Gen 3.
 
As stated by HPQ:

The focus of HPQ is to become the lowest cost producer of Silicon Metal (Si), High Purity Silicon Metal (Si), Spherical Si nano-powders and silicon-based composites for next-generation lithium-ion batteries (PUREVAPTM SiNR), Porous Silicon Wafers for Solid states batteries and Porous Silicon Powders for Li-ion batteries.
 
 
PUREVAPTM Gen 3 & Solar grade Silicon (SoG Si)
 
HPQ is expecting to finalize commissioning and testing of their Gen3 PUREVAPTM (Pilot Plant) reactor this year, and to confirm the key working hypothesis of their Gen1 model’s theoretical calculations, this time at commercial scale. This will lead to big inquiries from big players in silicon metal and solar grade silicon (SoG Si) metal industries. They expect to confirm that their PUREVAPTM process can transform Quartz to SoG Si  with significant reductions in CAPEX (60% less than China and 80% than rest of the world) and OPEX (30% less than China and 60% ROW), as well as reduce the carbon footprint of the process by 96%. That’s an enormous cost advantage over the competition, and the market for SoG Si is expected to go from US $7.1B in 2018 to 11.8B in 2028.

Corporate update:
https://hpqsilicon.com/wp-content/uploads/2019/03/HPQ-JAN-24-2019-Corporate-Update-Release-Ver_CL6F.pdf
 
Corporate presentation:
http://www.hpqsilicon.com/wp-content/uploads/2019/03/HPQ-NEW-PDAC-DECK-MARCH-2019_V2_02_03_19.pdf (Feb 2019)


Perhaps you’re wondering, what will PYR get out of this long-standing partnership on PUREVAPTM development? PYR will receive royalties representing 10% of HPQ’s revenues. They’ll make revenue from sales of PUREVAPTM reactors. They also happen to own 10% of HPQ’s shares.
 
If all pans out on the Gen3 PUREVAPTM Si commercialization results, and they can snag even a small percentage like 10% of the SoG Si market (I’m being conservative here, because it is difficult to anticipate competing technologies & companies working on reducing SoG Si cost), that’s $1.8B in 2028 and PyroGenesis would get $180M+ per year + their shares of HPQ will have skyrocketed (and surely they’ll buy more once the tests succeed).
 
Further to the sale of Silicon powders for the Solar industry, among others, there is a chance that Pyrogenesis and HPQ will form a joint venture to Joint Venture to address Nanoscale Silicon nanopowders and nanowires for the Li-ion battery market.
 
https://hpqsilicon.com/wp-content/uploads/2019/11/HPQ-PR-PYRO-November_25_2019_VER_FINAL.pdf
 
https://hpqsilicon.com/wp-content/uploads/2020/04/HPQ-PR-PUREVAP-Battery-Material-VERS_CL7.pdf
 
 
 
PUREVAPTM Silicon Metal Nano Reactor (SiNR)
 
HPQ and Pyrogenesis are working on the PUREVAPTM SiNR, an upgraded version of the PUREVAPTM QRR Gen 2 reactor, that can transform melted Si metal into spherical Si Nano-powders and Nanowires. They have already finalized these plans and are now starting to produce the powders and nanowires for delivery to some VERY interested battery manufacturers and research institutions. These key materials are what is needed to produce silicon anodes for the next generation of Li-ion batteries. Impressively, these anodes induce a 20-40% gain in the energy density of Li-ion batteries, giving batteries a much higher storage capacity!!
 
https://hpqsilicon.com/wp-content/uploads/2020/02/HPQ-SINR-PUREVAP-RELEASE-FEBRUARY-11-2020-FINAL-VERS-1.pdf
 
 
One commercial-scale (Pilot plant) PUREVAPTM reactor can produce 50,000kg/yr of Silicon metal. This is the Gen 3 PUREVAP that PYR and HPQ are going to be building this year. Once HPQ builds this unit and starts to sell Si nanopowders and nanowires to battery manufacturers and others, they stand to make an enormous profit. Current manufacturing methods used by industry to produce these Si nanopowders and nanowires are expensive and not commercially feasible, at US $30,000/kg selling prices. HPQ is working to reduce this down to $100-200/kg at commercial scale, which they and Pyrogenesis are very confident their technology can do, at a production cost of a fraction of that. Demand for silicon (Si) based powders is estimated to represent an addressable market of US $ 1B by 2022, expanding at a CAGR of 38.9% between 2019 – 2024.
 
 
PUREVAP & Apollon Solar
 
Apollon Solar SAS, (“Apollon”), is a private French company that HPQ is working with to develop a metallurgical pathway of producing Solar Grade Silicon Metal (SoG Si) that will take full advantage of the PUREVAPTM QRR one-step production of Silicon (Si) material of 4N+ purity with low boron count (< 1 ppm).
 
Concurrently, HPQ is also working with Apollon to develop a manufacturing capability that uses the High Purity Silicon (Si) made with the PUREVAP™ to make Porous silicon wafers needed for solid-state Li-ion batteries.  The first Silicon wafer should be ready to be ship for testing to a battery manufacturer (under NDA) during Q1 2020 [I do not know if they have sent it yet but if not it should be soon].
 
 
To sum this all up, in Peter’s words:

From HPQ’s February 11th NR two links above, ““The opportunities that are being developed with the PUREVAP™ process is nothing short of intoxicating.”
 
 

For those who are interested, the following are recent interviews by Agoracom with Bernard Tourillon, HPQ CEO:
 
[04-15-2020]: VIDEO: HPQ Silicon Launches Missile At Graphite, With Potential To Replace Graphite In Lithium-Ion Batteries
02-11-2020]: INTERVIEW: HPQ Game Changing Silicon Process For Lithium-Ion Battery Market Is Just Months Away
[01-30-2020]: INTERVIEW: HPQ Porous Silicon Attracts Lithium-Ion Battery Manufacturer

 


5. HIGH-POWERED TORCHES (~1 MW+) (Iron pellet/Steel/Metallurgy/Cement industry/etc.) 


PyroGenesis has traditionally been a manufacturer of torches between 10-550 kW, to suit the needs of their main lines of business. Within the last few years, they have developed the capacity in-house to design and manufacture ~1 MW range plasma torches, and early in 2019 they announced their intention to address this market. The recent news discussing the replacement of fossil-fuel burners in an Iron pelletization Client’s induration furnaces, with PyroGenesis plasma torches, is the first big leap into this market! ($10B+ for Iron Pellet market alone – and this particular client is one of the biggest in the industry! Vale and LKAB are names that have been discussed).
 
The high-powered torches (~1 MW) for this application will generate up to $3M-4M in revenue for PyroGenesis. In the case of this Iron pellet producer, who needs ~50 torches per plant x $3M-4M per torch, adds up to $150M+ revenue per plant. And the Client has > 10 plants! Total value of potential contract(s) with this ONE Client could line be up to $1.5B++ in the long run (this doesn’t include potential maintenance fees which could be %5 of the contract or 75+ million per year)!
 
(One thing to keep in mind, Profit margin on their torches is 35-50% I believe, and this number stands to increase with economies of scale)
 
The following is taken from Peter’s answer a question on Agoracom about industries they are targeting for burner replacement:

“As you might imagine, there are quite a few industries we are targeting, but I do not want to identify specific ones just yet.  Suffice it to say that we are finding it a bit challenging to keep up with the inquires coming in the door as a result of our recent announcements/success (with RISE).” 
 
Peter’s words, not mine. Elsewhere, he has stated that they are hearing from the Iron Ore Pellet producers / Steel producers / Metallurgical industry / Cement industry / etc!
 
Another interesting tidbit here, regarding potential torch competition, in Peter’s words: “[Plasma torch competitors] would need to obtain a license from us as our patent has pretty much prevented anyone from using torches in induration furnaces.” (induration is the process the where the magnetite in iron pellets are oxidized into hematite).
 
https://agoracom.com/ir/PyroGenesisCanada/forums/discussion/topics/740540-torch-competition/messages/2267431#message
 
 
From PyroGenesis’ April 30 2020 NR, on modeling results for a large Iron Ore pelletization company:
 
This all important First Phase demonstrated that replacing fossil fuel burners with PyroGenesis’ proprietary plasma torch (i) has absolutely no ancillary detrimental effects anywhere in the process or with the furnaces, (ii) results in significant greenhouse gas reduction while at the same time, (iii) projecting significant cost savings.
 
All this interest is from producers that use natural gas and heavy fuel oil burners and want alternatives to help them meet greenhouse gas reduction targets/policies. We find that the proposition to reduce greenhouse gases emissions, and avoid carbon taxes, with a simple bolt-on replacement of their current environmentally damaging fossil fuel burners, is too compelling to resist. That, combined with the environmental pressure these industries are currently under (only recently a new trend has emerged where financial institutions are tying credit facilities and debt issuances to carbon reduction targets for multi-national industrial and mining conglomerates), has generated a wave of interest and proposals.”
 
More recently, Peter has indicated on Agoracom that there may in fact be benefits to the iron pellet quality and throughput rate of pellet production from using Plasma torches vs fossil-fuel burners. This is very tentative, and obviously he cannot say anything meaningful on a message board as it would need to be part of a NR, but any improvement, even minor, to the existing Induration process is an welcome surprise and definitely gives Pyrogenesis an additional advantage to leverage in negotiations.

All modeling phases for this Client are expected to be completed by end of Q2.
 
 
Here are links to news/Interviews on the Iron Ore Pelletizing deal:

-Recent NR confirming final stages of negotiation over supply of Torches to Iron Ore Pelletizing company:

https://www.globenewswire.com/news-release/2020/05/19/2035937/0/en/PyroGenesis-Enters-Negotiations-for-Supply-of-Equipment-with-Iron-Ore-Pelletization-Modeling-Client.html
 
-Recent NR where first phase of Torch modeling for the Iron Ore Pelletizing company was confirmed, along with a statement of potential Torch numbers and revenue:
 
https://www.PyroGenesis.com/wp-content/uploads/2020/04/2020-04-30-PyroGenesis-Successfully-Completes-First-Phase-of-Torch-Modelling-Geared-to-Reducing-Greenhouse-Gases-for-Major-Iron-Ore-Pelletization-Client.pdf
 
Proactive Video interview with Peter Pascali discussing this topic: https://youtu.be/fb7iYkZHQBs
 


6. TUNNELING TORCHES 


PYR has signed an exclusivity agreement with a mysterious US tunneling company and received $1M in the few months since.  I posted my initial thoughts on this recently, discussing potential clients (including ‘The Boring Company’):

https://stockhouse.com/companies/bullboard/v.pyr/PyroGenesis-canada-inc?postid=31043504


Since the last Version of the summary post [05-23-2020], it has been speculated that ArcByt, a startup company working on an innovative tunneling robot, may be the US tunneling client, and many clues were found that strengthen this case (their patent was completed in March 2020, shortly before the announcement of the agreement with Pyrogenesis, their tunneling machine heavily involves plasma torches, they are opening an office in Montreal, etc.).
 
https://patents.google.com/patent/US10584585B2/en
 
Above is a link to the Patent of the Rapid Burrowing Robot (RBR) they are working on. It is a very interesting and noble concept intended to bring renewable energy from remote areas like the Great Plains and desert Southwest to big cities, through installation of high voltage transmission lines deep underground. Suffice to say, if the final design is as described in the patent, the majority of the production cost will come from Plasma torches. The base unit of the machine alone has 72 torches of 1.5MW in power, for burrowing a diameter of 1m, and there are two attachment units equipped with Plasma torches which can burrow successively larger holes.
 
Under the Agreement, PyroGenesis will not only develop and supply high-powered plasma torches, specifically designed for tunneling applications, but will also be intimately involved in all aspects of design and development for the entire project.


Little clarification here, the commitment of the Client to purchase exclusively from PyroGenesis, and vice-versa on supply, hinges ‘Upon success’ of the project. So there is a risk that the project does not pan out and sales dry up from this avenue, however let’s think positively. Once the project is deemed a success, and the exclusivity kicks in, I believe we’ll get a NR confirming who it really is.

Whether this deal is with Elon Musk’s ‘The Boring Company’, ArcByt, Robbins, Akkerman or another US company that deals with Tunnel Boring Machines (TBMs)… if it succeeds, that’s another recurring revenue stream.
 

7. WASTE MANAGEMENT

 
Last but not least, Waste management has been PyroGenesis’ main plasma application throughout the company’s history. The Plasma Arc Waste Disposal System (PAWDS) is what PyroGenesis typically sells to the U.S Navy and has sold to many other clients. They make them for both land-based and sea-based applications. This will continue to be a driver of revenue going forward.
 
Other Waste Management equipment/services (with links to PyroGenesis’ website):
 
Waste-to-Energy (PRRS) https://www.PyroGenesis.com/products-services/waste-management/prrs-2/
Refrigerant Destruction (SPARC): https://www.PyroGenesis.com/products-services/waste management/sparc/
Hazardous Waste Destruction (PACWADS) : https://www.PyroGenesis.com/products-services/waste-management/pacwads/
Vitrification (PAGV): https://www.PyroGenesis.com/products-services/waste-management/pagv/

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8. SHAREHOLDER VALUE PLANS
 

At this point, PyroGenesis management would have to actively mismanage the company in order for ALL of these prospective revenue streams to fail. I believe in the management team, and don’t think they will. 2018 was a big turnaround point in the company’s direction; what you’re seeing are the choices management made finally bearing fruit.
 
In addition, for those interested in other plans the company has to create shareholder value moving forward:
 
https://www.PyroGenesis.com/wp-content/uploads/2019/05/PR-PyroGenesis-Board-Approves-PyroGenesis-Additives-Spin-Off-Uplisting-Stock-to-More-Senior-Exchange_final.pdf
 
-Uplisting to a more senior exchange (e.g. TSX or Nasdaq vs TSX-V (venture))
-PyroGenesisAdditive Spinoff
-Share buybacks



9. ADDITIONAL LINKS

 
I tried to pack as much relevant detail as I could on all facets of the company’s technology offerings, but for those who want to delve further, there is plenty of interesting material in the posts and links that many have brought up on this board, as well as in the ‘News Releases’ section of PyroGenesis and HPQ’s websites:

https://www.PyroGenesis.com/releases/
 
https://hpqsilicon.com/press-releases/press-releases-2019/

https://hpqsilicon.com/wp-content/uploads/2019/03/HPQ-JAN-24-2019-Corporate-Update-Release-Ver_CL6F.pdf

BNN Bloomberg call with Robert McWhirter [05-20-2020] where he discusses the potential business opportunities for Pyrogenesis, including potential Iron Ore pelletization torch sales.
https://www.bnnbloomberg.ca/video/robert-mcwhirter-discusses-pyrogenesis-canada~1968082

(Nice sumnmary of benefits of using Torches Iron ore pelletization by developbc):
https://stockhouse.com/companies/bullboard/v.pyr/PyroGenesis-canada-inc?postid=30991925
 
(Nice summary of 2019 HPQ developments by Topseeker): 
https://stockhouse.com/companies/bullboard/v.pyr/PyroGenesis-canada-inc?postid=31014837
 
https://technologymarketwatch.com/pyr.htm [Nice summary of Pyrogenesis that covers March 2018 and earlier]
 


Peter also has a very active presence on the PyroGenesis forum on Agoracom, both replying to questions from investors and doing interviews with the Agoracom staff. In fact, several of the comments I quoted Peter on were taken from his answers on Agoracom. The interview videos are available on Youtube/Agoracom for those who are interested. 

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To conclude:

In the last two years, what management has done would be impressive in any company, but for a small-cap like PyroGenesis it is nothing short of spectacular. They secured two partnerships with multi-billion-dollar companies. They locked onto several exciting new markets for their products. Now that money from their $55M Drosrite deal in Saudi Arabia is pouring in, management can focus on unlocking the potential from all these revenue streams. I tend to take a conservative approach when putting out numbers … keep in mind that PyroGenesis has the ability to gain a far greater share than 10% in all of these applications, such is the strength of their plasma expertise (almost 30 years in business and 40+ patents!!) and technical gap with the competition. Sooner rather than later, the company will be moving into profitability and beyond.
 
The world and industry at large is just now starting to realize the staggering value to be unlocked within the field of plasma technology. Every year new uses are being discovered. And PyroGenesis is the company best positioned to lead the way forward.


Buckle up your seatbelts and get ready for takeoff!
https://www.youtube.com/watch?v=rnKbImRPhTE



Good luck to all, and congratulations for making it this far :P

 
MazerRR