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

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PyroGenesis Canada Inc Profile

 

PYR: TSX-V

PyroGenesis Signs First Major Exclusive Commercial Agreement for Sale of Titanium (Ti-6Al-4V) Powders

Q1 2018 Highlights:

  • Revenues increased 21% to $2.1MM in Q1 2018 from $1.7MM posted in Q1 2017,
  • Gross profit of 34.3%represents a decrease of 17.3% over the same period in Q1 2017,
  • Backlog of signed contracts is $5.2MM,
  • Cash on hand at quarter end: $2.5MM (December 31st , 2017: $623K).
  • Clients include: U.S Air Force, U.S NAVY, Canada Natural Resources

LINES OF BUSINESS

Powder Production:

  • Received certification for the production of metal powders under a quality management system which complies with the requirements of ISO 9001:2008
  • Certification is an amendment to the Company’s existing ISO certification
  • Pertains specifically to metal powder production
  • Was received under the auspices of a major independent risk and standards company; SAI Global.
  • Signs First Major Exclusive Commercial Agreement for Sale of Titanium (Ti-6Al-4V) Powders
    • Agreement provides for a minimum sales volume of 10,000 kg over 2 years and is limited geographically to a specific territory in Asia

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.

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

  • Furnace System proven out at a North American customer's Mexican facility
  • Soon thereafter, a successful demonstration of the DROSRITE™ System in the Middle East took place
  • Unsolicited request to exclusively market the process in the region was received and is currently being discussed
  • Received a purchase order in the amount of US$ 800,000 for the sale of a second DROSRITE™ Furnace System to a North American automobile parts manufacturer
  • Expected to have at least 3 orders placed and delivered

HPQ:

Contracts totalling $8,260,000 signed with HPQ Silicon Resources

  • Announced Commencement of Advanced Second Phase Lab Scale Testing with HPQ Totalling CAN$170,000 which has been Received
  • The start of this new metallurgical testing program using the Gen 2 PUREVAP represents major de-risking of the Pilot Plant program as the Gen 2 PUREVAP will:
    • Allow for specific process design improvements and modifications derived from Gen 1 PUREVAP test work to be implemented and perfected;
    • Produce larger Silicon Metal (Si) samples to test improvements to the purification process;
    • Allow an intermediate step in scaling up to the Pilot Plant, thereby mitigating the scaling up risk;
    • Allow for the following milestones to be reached sooner than originally planned:
      • Producing larger Si samples for testing by potential purchasers;
      • Allow HPQ and PyroGenesis to test the electrical parameters of the High Purity Si;
      • Produce enough material to send samples to solar industry participants; and
      • Provide data to demonstrate the economics of PUREVAP™ technology.
  • HPQ Silicon Resources signed a development agreement with Apollon Solar, a solar silicon specialist.

 

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:

  • Other contracts being discussed (such as a third order for a PAWDS for a New US Aircraft Carrier which is expected to be ordered in 2018 with an estimated value of approximately $6MM; SPARC system sales, amongst others)

Clients Include:

12 Month Stock Chart:

 

Last changed at 06-Jun-2018 04:58PM by AGORACOM