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PyroGenesis Canada Inc Profile

Pyr header 1

PYR: TSX-V 

Company Highlights:

  • Announced that it should be awarded a two-ship build for its PAWDS unit, for approximately $10MM
  • Completed Contract for Specialty 3D Metal Powder; Full Payment Received
  • Received an additional US$325K (approx. CA $457K) under the exclusive agreement with a US based tunneling company
  • Second payment of approx. $1.4M has already been received under the exclusive contract with Drosrite International LLC (approx $3M to date)
  • Nominated “Materials Company of the Year” at the 3D Printing Industry Awards 2019 (2nd year in a row)
  • Quality management system for the production of metal powders for the Additive Manufacturing (3D Printing) industry, has been approved by one of the premier non-European aerospace companies
  • Clients include: U.S Air Force, U.S NAVY, Canada Natural Resources

2019 Highlights:

  • Backlog of signed contracts as of the date of this writing is $30.27MM;
  • Revenues of $4,813,978
  • Gross margin of 27% an increase of 5% from 22.1% year over year;

H1 2020 Accomplishments:

  1. Established itself in the iron ore pelletization industry as a potential supplier of torches geared to replacing existing burners and thereby reducing GHGs. Interest is also spilling over into other industries with GHG reduction targets,
  2. Established a relationship with an OEM in North America with the intent to eventually supply powders for their 3D printing needs.  This augments relationship with Aubert & Duval, while at the same time de-risking dependence on them,
  3. retired the $3MM convertible debenture in full,
  4. bought back approximately 1.2 Million shares under the existing Normal Course Issuer Bid,
  5. increased Company’s investment in HPQ, who has subsequently also experienced a significant increase in market capitalization,
  6. further benefited from early conversions of warrants maturing in 2021 of over $2MM.

LINES OF BUSINESS

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
  • Announced that further to its press release dated March 24th, 2020, the second payment of approx. $1.4M has already been received under the exclusive contract with Drosrite International LLC

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™

 

HPQ:

 

 

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 Enters Negotiations for Supply of Equipment with Iron Ore Pelletization Modeling Client

  • Entered into the final stages of negotiation for equipment supply with the major iron ore pelletization client previously disclosed
  • 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 has over 10 plants each requiring approx. 50 plasma torches

 

PyroGenesis Successfully Completes First Phase of Torch Modelling Geared to Reducing Greenhouse Gases for Major Iron Ore Pelletization Client

  • Successfully completed the first phase of a multi-phase modeling contract aimed at evaluating the performance of PyroGenesis’ proprietary torches in an existing iron ore industrial furnace with the goal of replacing all existing fossil fuel burners with PyroGenesis’ plasma torches
  • All phases will be completed by the end of Q2 2020
  • 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
  • Client has over 10 plants each requiring approx. 50 plasma torches
  • Each torch will generate up to $3M of revenue to PyroGenesis

 

 

Clients Include:

12 Month Stock Chart:

 

Last changed at 18-Jun-2020 02:59PM by AGORACOM