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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PyroGenesis Awarded $20M (Approx. First Year Revenues) Contract With Over $35M Subsequent Years Revenues

  • Awarded a contract of approximately $20M (first year revenues),
  • plus a net present value (using a 5% discount rate) of all subsequent year’s revenues of $35M,
  • Gives the Contract a total value of over $55M.

Company Highlights:

  • Revenues of $913,769 (Q2-2019)
  • Gross margin of 20%
  • Backlog of signed contracts as of the date of this writing is $10.5MM;
  • Announced that it should be awarded a two-ship build for its PAWDS unit, for approximately $13.5MM
  • Received purchase order for $3.64M Non-Military Land-Based Waste Treatment System plus first payment
  • 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


Clients Include:

12 Month Stock Chart:


Last changed at 03-Sep-2019 08:25AM by AGORACOM