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

PyroGenesis Canada Inc Profile

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BREAKING: PyroGenesis Announces Receipt of First Payment Towards $25M+ DROSRITE™ Contract

  • Company received the first payment of approx. $1.44M under the exclusivity contract with Drosrite International LLC
  • In addition to the payment received today, PyroGenesis expects to receive further payments
  • DI will pay PyroGenesis approximately, based on current exchange rates,
    • $25M over the next 12 months
    • Approx. $3M per year (fixed) for the next two years;
    • together with a variable amount for the subsequent 18 years based on certain international benchmarks

Q3, 2019 results reflected the following highlights:

  • 91% increase in revenues to $2.1MM for the quarter over the same period in 2018
  • gross margin of 45% representing an increase of 22% over the same period in Q3 2018
  • 492% increase in backlog to $29.5MM over Q2 2019 ($6MM)

Company Highlights:

  • Announced that it should be awarded a two-ship build for its PAWDS unit, for approximately $13.5MM
  • Completed Contract for Specialty 3D Metal Powder; Full Payment Received
  • Nominated “Materials Company of the Year” at the 3D Printing Industry Awards 2019 (2nd year in a row)
  • Clients include: U.S Air Force, U.S NAVY, Canada Natural Resources

PyroGenesis Board Approves PyroGenesis Additive’s Spin-Off; Uplisting Stock to More Senior Exchange

  • Board of Directors is moving forward with the previously announced spin-off of PyroGenesis Additive, a division specializing in developing, commercializing and advancing plasma-atomized metal powder for the additive manufacturing industry.
  • Additionally, the Company is also considering uplisting its stock to a more senior exchange.  


Powder Production:

  • Completed Contract for Specialty 3D Metal Powder; Full Payment Received
  • PyroGenesis has now produced titanium powder on its NexGen™ Plasma Atomization System with production rates in excess of 25 kg/h.
  • Of note, these increased production rates are achieved with lower operating and capital costs.
  • Announced that the Board of Directors is moving forward with the previously announced spin-off of PyroGenesis Additive. See Release.
  • Signed a mutually exclusive Partnership Agreement with Aubert & Duval a subsidiary of the ERAMET Group (2017: Sales: > Can$5.4 Billion; Assets: > Can$4.9 billion; Paris Stock Exchange: ERA.PA).
    • Agreement outlines a multi-step strategy between the Parties to supply plasma atomized titanium powder, on a mutually exclusive basis, to the Additive Manufacturing Market in Europe
  • Nominated “Materials Company of the Year” at the 3D Printing Industry Awards 2018,
  • Contracted for an order of 10 tons (minimum) of titanium powders,
  • Recommended by leading 3D Printer OEM to their customers as titanium powder supplier;
  • Strategic commercial discussions with 3D printer manufacturers, distributors, and end-users continue.
  • New Additive Manufacturing metal powder production facility
  • AS9100D Certified
  • Discussions with significant players to accelerate market penetration


DROSRITE™: - System is a salt-free, cost-effective, sustainable process for maximizing metal recovery from dross, a waste generated in the metallurgical industry. The patented process avoids costly loss of metal while reducing a smelter’s carbon footprint and energy consumption, providing an impressive return on investment.

  • DROSRITE™ System has been validated by a world leading primary aluminum smelter as part of the process towards adopting the technology for use
  • After a preliminary due diligence of a system in operation at one of PyroGenesis’ client’s facility, a process analysis was performed to validate its viability
  • Entered into a MOU with one of the largest Japanese trading houses
  • Outlines the understanding of how the Parties will move forward towards a potential joint venture partnership  for the purpose of developing DROSRITE™ tolling services globally

Market potential for PyroGenesis' DROSRITE™ system, from Aluminium dross alone, exceeds $400MM.

  • Enters the Zinc Market; first DROSRITE™ zinc paid-for-demonstration,
  • Second DROSRITE™ Furnace System Completed,
  • Embraces Tolling Strategy; Signing with multi-billion-dollar Japanese corporation to move forward to jointly toll with DROSRITE™





Chemical Warfare Destruction System:

Tests supported the Defense Advanced Research Projects Agency (DARPA) Agnostic Compact Demilitarization of Chemical Agents (ACDC) program

  • Successfully completed long-duration performance tests using the Company's tactical Plasma Arc Chemical Warfare Agents Destruction System ("PACWADS") using surrogate chemical warfare agent material
  • Far exceeded minimum requirements with over 99.9999% destruction efficiency.
  • PACWADS is now scheduled to go through final testing using real chemical warfare agents by the US Military).

Other Contracts:

US Military

  • Interest for two (2) US Aircraft Carrier systems received ($10-12MM); Order expected Q1-2019,
  • Seeking to establish a presence in the USA to, amongst other things, better serve the US Military’s needs.
  • U.S. Navy has reached an agreement with the shipbuilder, Huntington Ingalls Industries (HII), to move forward with the purchase of two Ford-class aircraft carriers.

Torch/Equipment Sales:

  • PyroGenesis continues to address interest for plasma torch/equipment,
  • Awarded a contract for a 900 kW plasma torch system for more than CAD $1MM
  • Contract was won in a competitive bid put out by RISE Energy Technology Center AB of Sweden

 PyroGenesis Announces Final Signature Towards $20M Contract Disclosed Last June

  • As part of the exclusive arrangement between DI and PyroGenesis, DI will pay PyroGenesis approximately $20M within 12 months,
    • plus $2.5 M per year (fixed) for the next two (2) years,
    • plus a variable amount for the subsequent 18 years based on certain international benchmarks which we are targeting to be approx. $2.5M.
  • PyroGenesis expects to receive a $6.4M payment towards this exclusivity arrangement within 2-4 weeks


Clients Include:

12 Month Stock Chart:


Last changed at 24-Mar-2020 01:17PM by AGORACOM