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

Q3 2020 Results: Revenues $8.1MM; Net Income $15.3MM; Gross Margin 67.9%, Current Backlog $36.4MM; Basic EPS $0.10

Sponsored
Message: VIDEO - PyroGenesis Shareholder Q&A and Discussion About First Plasma Torch Contract with Major Iron Ore Producer

VIDEO - PyroGenesis Shareholder Q&A and Discussion About First Plasma Torch Contract with Major Iron Ore Producer

posted on Nov 25, 2020 04:17PM

PyroGenesis (PYR:TSX) recently UP-Listed to the TSX from the TSX Venture on the strength of some major sales agreements for its plasma torch technology.  Specifically, PYR announced an $11.5M sales to the US Navy for systems on two aircraft carriers, as well as, a $25M + contract for use by one of the biggest high-tech aluminum smelters in the world.  

Yesterday, PYR announced the signing of an initial plasma torch contract with a Major Iron Ore Producer.  The initial sale amount of $1.8M (for just 1 unit) doesn't come close to the size of the agreements above - but it follows the exact same game plan of starting small and finishing big, something the Company alluded to in the press release quote which stated the following;

"It is expected that future sales with this Client will include a separate continued after-sale services agreement. The Client is a multi-billion-dollar international producer of iron ore pellets, one of the largest in the industry, whose name will remain confidential for competitive reasons. The Client, which has committed to reduce its greenhouse gas (“GHG”) emissions, has over ten (10) plants, each possibly requiring up to 50 plasma torches."

The math has not alluded investors, who first had a slew of their own questions which CEO Peter Pascali answered as part of this great interview.

 

Share
New Message
Please login to post a reply