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Message: PyroGenesis Confirms Submission of a Cost Estimate for 36 Plasma Torches to Client A, a Multi-Billion-Dollar International Producer of Iron Ore Pellet

Dear Magbeach,

Good to see you again.

The FAT we announced was for the 1 torch. The 36-torch announcement we made today was a cost estimate asked for by Client A.  One might expect that, should that quote turn into a sale, FAT tests would be performed on those torches as well.

A FAT test is just to confirm that everything is working as it should.  Even for products that have been sold many times before FAT tests are conducted...just to make sure nothing is mis-wired or screws not tightened enough etc etc...

Hope that helps

Pet

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