PYROGENESIS. Der schlummernde Riese


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74 Postings, 488 Tage Albatros2020PYROGENESIS. Der schlummernde Riese

 
  
    #1
3
23.01.21 15:07
2020 war ein spannendes und erfolgreiches Jahr!

Kurs 1.1.2020 $0,46CAD
Kurs 30.12.2020 $3,61CAD +685%

In Q1 2021 erfolgt das Uplisting an der NASDAQ!
 
65 Postings ausgeblendet.
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74 Postings, 488 Tage Albatros2020Pressemitteilung in Englisch

 
  
    #67
01.04.21 10:13
PyroGenesis Announces 2020 Results: Revenues $17.8MM; Net Earnings and Comprehensive Income $41.8MM Gross Margin 58%; Current Backlog $30MM; Basic EPS $0.28

MONTREAL, March 31, 2021 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA:8PY), a high-tech company, (the "Company", the “Corporation” or "PyroGenesis") that designs, develops, manufactures and commercializes plasma atomized metal powder, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, is pleased to announce today its financial and operational results for the fourth quarter and fiscal year ended December 31st, 2020.

“We are happy to announce Q4, and fiscal year end, results for the period ending December 31st, 2020, which continue the historical trends began earlier in the year. Our full year revenues of $18MM reflects the successful processing of backlog from signed contracts previously disclosed. The Board’s choice of strategy has been validated with the reporting of the second profitable quarter in a row. Further validating this strategy, net income from operations (before share-based expenses) was $3.3MM for the year which is quite significant given the uncertain environment that 2020 was, and during which the Company not only retired virtually all of its debt, but also uplisted to the Toronto Stock Exchange and positioned itself for a NASDAQ listing in Q1 2021,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “The successes of 2020, when combined with the results from our strategic investment, have contributed to a basic EPS of $0.16 for the quarter, and $0.28 for the year, both of which have exceeded previous guidance. With a strong balance sheet and approx. $27MM of cash-on-hand as at this writing, the Company is well positioned to execute on its strategy of growth and solidify its position as an emerging leader in the reduction of greenhouse gas emissions, and as such, we expect these trends established in 2020 to continue.”

2020 results reflect the following highlights:

   Revenues of $17,775,029, an increase of 269% over $4,813,978 posted in the prior year,
   Net earnings and comprehensive income of $41,768,404 an increase of $50,939,521 over 2019,
   Net earnings and comprehensive income from operations (before share-based expenses) of $2.9MM during fiscal year 2020 vs ($7.9MM) posted over the same period in 2019,
   Gross margin of 58%, an increase of 21% year over year,
   Cash and cash equivalents at December 31, 2020 of $18,104,899 (December 31, 2019: $34,431),
   Backlog of signed contracts of $30MM,
   Basic Earnings per Share (EPS) of $0.28 for 2020 as compared to ($0.07) in 2019,
   Total Assets at December 31, 2020 of $74.5MM (December 31, 2019: $9.6MM),
   Shareholders’ Equity at December 31, 2020 of $59.4MM (December 31, 2019: ($6.1MM)).

OUTLOOK

Given the success over the last 18 months, PyroGenesis is well positioned, with a clean balance sheet, and approx. $27 million cash-on-hand (as of this writing), to execute on all its organic growth strategies as well as actively pursuing growth through synergistic merger and acquisitions.

PyroGenesis has recently focused, and repositioned its offerings, to highlight the GHG emissions reduction benefits associated with the majority of its products. Interestingly enough, PyroGenesis’ product lines do not generally need to incorporate GHG/environmental benefits to make sense economically. In other words, they do not require GHG/environmental incentives (tax credits GHG certificates, environmental subsidies) to make sense from a business perspective. We believe these incentives will be a tailwind that will add directly to shareholder value.

We consider this repositioning to be timely as many governments around the world are considering stimulating their respective economies by promoting environmental technologies. As such, Management expects that this repositioning will result in increased revenues.

Organic Growth:

Organic growth will be spurred on by (i) the natural growth of our existing offerings which can now be accelerated given our strong balance sheet and (ii) leveraging off our “Golden Ticket” advantage.

We have described in the past our Golden Ticket advantage as one which occurs when one sells directly, or is engaged directly, with the end user and, as a result, is “inside the fence”. A Golden Ticket affords the opportunity to either, (i) cross sell other products or, ideally, (ii) identify new areas of concern that can be addressed uniquely by PyroGenesis. We call the latter our Coffee and Donuts strategy (if you are selling coffee you could generate additional revenues, with little additional effort, by adding on donuts).

Over the past several years, PyroGenesis has successfully positioned each of its business lines for rapid growth by strategically partnering with multi-billion-dollar entities. These entities have identified PyroGenesis’ offerings to be unique, in demand, and of such a commercial nature as to warrant such unique relationships. We expect that these relationships are now positioned to transition into significant revenue streams.

DROSRITE

Within the DROSRITE offering, the Company is aggressively exploring horizontal growth opportunities. The Company is currently bidding on an RFQ, valued at approx. $40MM (estimated award date: within 4 months; estimated time to completion: approx. 15 months). Management notes that it has been very successful in the selection process to date, but does not yet consider it to be a high-probability outcome at this stage, and provides such as an example of its commitment to this strategy.

Additive Manufacturing

With respect to our Additive manufacturing offering, we expect to see significant year over year improvements in our 3D metal powders offering as our production kicks into gear by incorporating all the previously disclosed benefits (increased production rates, lower capex, lower opex) locked into our production line. There are major top tier aerospace companies and OEMs in both Europe and North America eagerly awaiting powders from this new state of the art production line. Whereas in the past we have been primarily targeting the very demanding Aerospace industry, we have recently expanded the target market to also address the unique needs of the electric vehicles marketplace who have recently approached us with their powder needs.

Plasma Torches

With respect to the Company’s plasma torch offerings, we expect this offering to be significantly impacted by continued developments in the iron ore pelletization industry, where serious consideration is being given to replacing the fossil fuel burners, currently being used throughout the industry, with PyroGenesis’ proprietary plasma torches, in an effort to reduce their carbon footprint.

To date, everything is proceeding as expected. Initial discussions have evolved into confirmation stages which typically consist of a computer simulation followed by a small torch order. These confirmation stages are expected, if successful, to result with a roll-out program to replace fossil fuel burners with PyroGenesis’ plasma torches in the iron ore pelletization industry, in which PyroGenesis is patent protected.

PyroGenesis is proactively targeting other industries which are experiencing significant pressure to reduce GHGs, and which utilize fossil fuel burners as well.

Separately, the Company also offers plasma torches to niche markets where there is a high probability of on-going sales from successful implementation. One such example is the previously announced contract with a small company to produce a plasma torch ideal for tunnelling. PyroGenesis is currently re-evaluating its relationship with respect to this opportunity as there may be evidence that the real plasma-based tunnelling opportunity could lie outside of the scope of the current agreement.

As sales of PyroGenesis’ plasma torches increase, the Company will also benefit from providing proprietary spare parts from which the Company expects to generate significant recurring revenue, thus complementing the Company’s long-term strategy to build upon a recuring revenue model.

HPQ/PUREVAP

With respect to HPQ, the goal is expanding our role as HPQ technology provider for the game changing PUREVAP family of silicon processes which we are developing exclusively for HPQ and its wholly owned subsidiary HPQ Nano Silicon Powders Inc, namely:

   The PUREVAP “Quartz Reduction Reactors” (QRR), an innovative process (patent pending), which should permit the one step transformation of lower purity quartz (SiO2) than any traditional processes can handle into a silicon (Si) of a higher purity level (2N-4N) that can be produced by any traditional smelter, at reduced costs, energy input, and carbon footprint. The unique capabilities of this process could position HPQ as a leading provider of the specialized silicon material needed to propagate its considerable renewable energy potential; and
   The PUREVAP Nano Silicon Reactor (NSiR), which, if successful, could position itself as a new proprietary low-cost process that can transform the silicon (Si) made by the PUREVAP QRR into the nano-silicon materials (spherical silicon powders and silicon nanowires) sought after by energy storage, batteries, electric vehicle manufactures and clean hydrogen sectors participants. The aim of the ongoing work is to position HPQ NANO as the first to market with a commercial scale low-cost nanoparticle production system.

We expect 2021 to be a year in which significant development occurs on both these fronts.

Growth through Synergistic Mergers and Acquisitions:

As previously disclosed, the Company would conservatively consider a synergistic M&A strategy to augment its growth, and the Company has been very actively involved in pursuing several opportunities in support of this strategy. In so doing, the focus has been on private companies exclusively which (i) primarily leverage the Company’s Golden Ticket advantage/Coffee & Donuts strategy or (ii) could uniquely benefit from the Company’s engineering advantage and/or international relationships.

The Company expects to be announcing specific details over the next few weeks as these opportunities become more binding on the parties involved.

DROSRITE

We expect to be able to announce within the next several weeks, the conclusion of a joint venture relationship with an existing and proven technology provider. The technology is geared to uniquely handle the residues resulting from the processing of dross in the aluminum industry. We had previously announced our intention to secure this technology and, if concluded, would not only make our traditional DROSRITE offering more appealing but could also be offered as a stand-alone product. We believe that valorizing the residues and producing high end products will further define us as the go-to company for all dross related processing. This is a prime example of our Coffee & Donuts strategy in play. For further clarity, the joint venture will only relate to the new technology and, as such, PyroGenesis will not have to vet in any assets, or IP (specifically not the DROSRITE technology).

Plasma Torches

PyroGenesis often considers opportunities to leverage its plasma expertise and has been reviewing a torch technology which could complement PyroGenesis’ existing offerings, and leverage off of our unique relationships. The Company gives this a very low probability of success given the initial valuation, provided by the sole owner, in the context of publicly available data. However, PyroGenesis has identified similar opportunities and will evaluate them in due course.

Complimentary

The Company expects to announce in the next several weeks details regarding its intent to enter the Renewable Natural Gas (RNG) market via acquisition. PyroGenesis believes that it is in a unique position to take advantage of the lack of sufficient players (given anticipated demand) in the RNG marketplace by leveraging its engineering capabilities & existing relationships.

In conclusion, PyroGenesis is well positioned in 2021 to take advantage of its unique position in its four main business offerings to accelerate growth in each, with a particular emphasis on offerings geared to aggressively reducing GHG emissions. Furthermore, we do not expect at this point in time, given our strong balance sheet, a need to raise capital to execute on our growth strategy over the foreseeable future.

Financial Summary

Revenues

PyroGenesis recorded revenues of $17,775,029 for the year ended December 31, 2020, representing an increase of 269% compared to $4,813,978 recorded in 2019.

Revenues recorded in fiscal 2020 were generated primarily from:
(i) PUREVAP related sales of $4,163,059 (2019 - $525,556)
(ii) DROSRITE related sales of $9,976,696 (2019 - $560,916)
(iii) support services related to systems supplied to the US Military $1,425,883 (2019 - $637,841)
(iv) torch related sales of $1,452,455 (2019 - $2,323,351)
(v) other sales and services $756,936 (2019 - $766,314)

PUREVAP related sales includes revenue from the sale of technologies in the amount of $3,610,000.

Cost of Sales and Services and Gross Margins

Cost of sales and services before amortization of intangible assets was $7,445,171 in 2020, representing an increase of 113% compared to $3,495,753 in 2019, primarily due to an increase in subcontracting, direct materials, an increase in foreign exchange charge on materials offset by a decrease in employee compensation, and investment tax credits.

In 2020, employee compensation, manufacturing overhead & other decreased to $1,886,854 (2019 - $2,230,361). Of note, the Company in 2020 applied for an amount of $775,967 in wage subsidy from Revenue Canada under the CEWS “Canada Emergency Wage Subsidy” program. From this amount, $118,416 was applied to employee compensation under cost of sales and services. Subcontracting and direct materials increased to $5,429,175 (2019 - $1,471,226), primarily due to the increased amount of contract values.

The gross margin for 2020 was $10,302,668 or 58% of revenue compared to a gross margin of $1,298,092 or 27% of revenue for 2019. As a result of the type of contracts being executed, the nature of the project activity had a significant impact on the gross margin and the overall level of cost of sales and services reported in a period, as well as the composition of the cost of sales and services, as the mix between labour, materials and subcontracts may be significantly different. The cost of sales and services for 2020 and 2019 are in line with Management’s expectations. The gross margin includes the full effect of the sale of intellectual property and royalties of $3,610,000 in 2020. Excluding the effect of this revenue, the gross margin for 2020 would have been 47.2%.

Investment tax credits recorded against cost of sales are related to projects that qualify for tax credits from the provincial government of Quebec. Qualifying tax credits decreased to $18,420 in 2020, compared to $179,670 in 2019. The decrease is primarily related to fewer contracts being eligible for qualifying tax credits.

The amortization of intangible assets of $27,190 in 2020 and $20,133 for 2019 relates to patents and deferred development costs. Of note, these expenses are non-cash items and will be amortized over the duration of the patent lives.

Selling, General and Administrative Expenses

Included within Selling, General and Administrative expenses (“SG&A”) are costs associated with corporate administration, business development, project proposals, operations administration, investor relations and employee training.

SG&A expenses for 2020 excluding the costs associated with share-based compensation (a non-cash item in which options vest principally over a four-year period), were $8,089,945, representing an increase of 34% compared to $6,017,091 reported for 2019.

The increase in SG&A expenses in 2020 over the same period in 2019 is mainly attributable to the net effect of:
(i) an increase of 79% in employee compensation primarily due to additional head count, an increase in commissions, bonuses, offset by an amount of $504,339 received from Revenue Canada under the CEWS program.
(ii) an increase of 14% for professional fees, primarily due to an increase in legal fees, public listing fees and patent expenses,
(iii) an increase of 12% in office and general expenses, is primarily due to computer, internet, and security expenses,
(iv) travel costs decreased by 71%, due to a decrease in travel abroad,
(v) depreciation on property and equipment decreased by 63% due to lower amounts of property and equipment being depreciated,
(vi) depreciation on right of use assets increased by 13% due to higher amounts of right of use assets being depreciated,
(vii) investment tax credits were almost the same year to year, and include the recognition of investment tax credits in the amount of $30,000,
(viii) government grants decreased by 4%, due to lower levels of activities supported by such grants,
(ix) other expenses decreased by 8%, primarily due to an increase in advertising, interest and bank expenses,
(x) the tax assessment in 2019, represents the amount due from a taxation audit for the period of 2008 to 2011. The Company paid royalties for the use of intangible property prior to the purchase of the asset. The royalties were subject to a 25% withholding tax that was not deducted or withheld by the Company at that time.

Separately, share based payments increased by $4,072,801 in 2020 over the same period in 2019 as a result of the stock options granted on July 16, 2020. This was directly impacted by the vesting structure of the stock option plan with options vesting between 25% and 50% on the grant date requiring an immediate recognition of that cost.

Research and Development (“R&D”) Costs

The Company incurred $775,824 of R&D costs less $1,033,412 of investment tax credits which reduce income taxes payable in current year less $24,605 of investment tax credit refund from previous year, less $83,451 of 2020 eligible investment tax credits, less government grants of $365,433 totaling a net R&D cost of ($731,077), on internal projects in 2020, a decrease of 186% compared to $851,512 in 2019. The decrease in 2020 is primarily related to an increase of labor resources allocated to non research and development contracts.

In addition to internally funded R&D projects, the Company also incurred R&D expenditures during the execution of client funded projects. These expenses are eligible for Scientific Research and experimental Development (“SR&ED”) tax credits. SR&ED tax credits on client funded projects are applied against cost of sales and services (see “Cost of Sales” above).

Net Finance Costs

Finance costs for 2020 totaled $524,074 as compared with $1,237,504 for 2019, representing a decrease of 58% year-over-year. The decrease in finance costs, is primarily attributable to the extinguishment of all term loans, other loans, and convertible debentures in 2020.

Strategic Investments

The adjustment to the fair market value of strategic investments in 2020 resulted in a gain of $44,626,698 compared to a gain in the amount of $176,237 in 2019, representing an increase of $44,450,461. The increase is primarily attributable to the increased market share value of common shares and warrants owned by the Company of HPQ Silicon Resources Inc.

Net Earnings and Comprehensive Income (Loss)

(i) an increase in product and service-related revenue of $12,961,051 arising in 2020,
(ii) an increase in cost of sales and services totaling $3,956,475, primarily due to higher subcontract costs, and direct materials as a result of an increase in contracts in 2020,
(iii) an increase in SG&A expenses not including share-based expenses of $2,072,854 arising in 2020 primarily due an increase in employee commissions and bonuses,
(iv) a decrease in R&D expenses of $1,582,589 primarily related the recognition of investment tax credits in 2020 and prior years in the amount of $1,141,468 which include amounts that reduce Canadian income taxes payable in 2020 and an amount of $365,433 in government grants,
(v) a decrease of $1,981,410 in 2020 due to impairment of a Plasma Atomization 2019. The Company commenced construction on a new and improved Plasma Powder Production equipment,
(vi) a decrease of $386,121 in 2020 due to the write off, of powders and raw materials inventory in 2019,
(vii) an increase in share-based expense of $4,072,801,
(viii) an increase in changes in fair market value of strategic investments and net finance costs of $45,163,891,
(ix) an increase in income taxes of $1,033,412

EBITDA

The EBITDA in 2020 was $43,824,533 compared to an EBITDA loss of $7,384,862 for 2019, representing an increase of 693% year-over-year. The increase in the EBITDA in 2020 compared to 2019 is due to the increase in net earnings and comprehensive income of $50,939,520, offset by a decrease in depreciation on property and equipment of $105,717, an increase in depreciation on right-of-use assets of $48,552, an increase in amortization of intangible assets of $7,057, a decrease in finance charges of $713,431 and an increase in income taxes of $1,033,412.

Adjusted EBITDA in 2020 was $48,069,141 compared to an Adjusted EBITDA loss of $4,845,524 for 2019. The increase of $52,914,665 in the Adjusted EBITDA in 2020 is attributable to an increase in EBITDA of $51,209,395, an increase of $4,072,801 in share-based payments, a decrease in inventory write-off of $386,121, and a decrease in equipment write-off of $1,981,410.

The Modified EBITDA in 2020 was $3,442,443 compared to a Modified EBITDA loss of $5,021,761 for 2019, representing an increase of 169%. The increase in the Modified EBITDA in 2020 is attributable to the increase as mentioned above in the Adjusted EBITDA of $52,914,665 and an increase in chance of fair value of investments of $44,450,461.

Liquidity

As at December 31, 2020, the Company has cash and cash equivalents of $18,104,899. In addition, the accounts payable and accrued liabilities of $4,708,051 are payable within 12 months. The Company expects that its cash position will be able to finance its operations for the foreseeable future.

On November 3, 2020, the Company closed a bought-deal short form prospectus offering of 3,354,550 units at a price of $3.60 per unit for aggregate gross proceeds to the Company of $12,076,380, including the full exercise of the over-allotment option. In connection with the offering, the Company paid $1,934,154 in cash and issued 191,414 compensation options. Each compensation option entitles the holder thereof to purchase one unit at a price of $3.60 until November 10, 2022. Each unit is comprised of one common share of the Company and one-half of one common share purchase warrant of the company. Each warrant entitles the holder to purchase one additional common share at an exercise price of $4.50 for a period of 24 months.

At December 31, 2020, there have not been any material uses of the proceeds received from the offering.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and products. The Company provides its engineering and manufacturing expertise and its turnkey process equipment packages to customers in the defense, metallurgical, mining, advanced materials (including 3D printing), and environmental industries. With a team of experienced engineers, scientists and technicians working out of its Montreal office and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The Company’s core competencies allow PyroGenesis to provide innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified. For more information, please visit www.pyrogenesis.com.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward- looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Corporation's current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation's ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.sec.gov. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward- looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the NASDAQ Stock Market, LLC accepts responsibility for the adequacy or accuracy of this press release.

FURTHER INFORMATION

Additional information relating to Company and its business, including the 2020 Financial Statements, the Annual Information Form and other filings that the Company has made and may make in the future with applicable securities authorities, may be found on or through SEDAR at www.sedar.com, EDGAR at www.sec.gov or the Company’s website at www.pyrogenesis.com.

Additional information, including directors’ and officers’ remuneration and indebtedness, principal holders of the Company’s securities and securities authorized for issuance under equity compensation plans, is also contained in the Company’s most recent management information circular for the most recent annual meeting of shareholders of the Company.

Contact Information
Rodayna Kafal, VP IR/Comms & Strategic BD,
Phone: (514) 937-0002, E-mail: ir@pyrogenesis.com
RELATED LINKS: http://www.pyrogenesis.com/

SOURCE PyroGenesis Canada Inc.  

74 Postings, 488 Tage Albatros2020KGV

 
  
    #68
01.04.21 10:21
Aktienkurs 31.03.2021 : $8,46 CAD
EPS 2020: $0,28 CAD

P/E Ratio oder KGV = 30

Mit dem sehr guten Outlook der ganzen Geschäftsfelder von PYE ist die Aktie aktuell eher unterbewertet!  

74 Postings, 488 Tage Albatros2020PyroGenesis Berater für Investor+Corporate Europa

 
  
    #69
01.04.21 23:41
MONTREAL, QUEBEC (1. April 2021) – PyroGenesis Canada Inc. (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) (das „Unternehmen“ oder „PyroGenesis“), ein Hightechunternehmen, das plasma-atomisiertes Metallpulver, umweltfreundliche Plasma-Abfall-zu-Energie-Systeme und saubere Plasmabrenner-Produkte entwirft, entwickelt, produziert und vertreibt, hat die Deutsche Gesellschaft für Wertpapieranalyse GmbH (DGWA), eine deutsche Investment Banking Boutique, zum 1. April 2021 für einen Zeitraum von zwölf (12) Monaten zum Berater für Investor und Corporate Relations in Europa ernannt.
 
Das Unternehmen hat mit der DGWA ein monatliches Auftragshonorar, zahlbar am 15. Geschäftstag jeden Monats (in Deutschland), als Vergütung für die Dienste vereinbart. Das Unternehmen kann die Vereinbarung mit der DGWA zu jeder Zeit durch schriftliche Vorlage einer Kündigung mit einer Frist von fünfundvierzig (45) Tagen kündigen. Die DGWA hält keine Beteiligung, direkt oder indirekt, am Unternehmen oder seinen Wertpapieren und hat weder das Recht noch die Absicht, eine Beteiligung zu erwerben.

Das Führungsteam der DGWA verfügt über eine 25jährige Erfolgsbilanz im Handel, bei Investitionen und bei der Analyse von KMUs weltweit. Das Unternehmen hat Firmensitze in Frankfurt und Berlin, Deutschland, und war an mehr als 250 Börsengängen, Finanzierungen, Anleiheausgaben, Dual Listings und Unternehmensfinanzierungen sowie Informationsveranstaltungen und Aufklärungskampagnen beteiligt.
 
PyroGenesis ernannte die DGWA mit dem Ziel, sowohl die europäische Finanzwelt als auch die Industrie auf die firmeneigene fortschrittliche Plasmatechnologie von PyroGenesis aufmerksam zu machen.

„Wir freuen uns, mit der DGWA zusammenzuarbeiten, um in den europäischen Finanzmärkten besser sichtbar zu werden und mögliche Kunden in Europa auf unsere Produktangebote aufmerksam zu machen“, äußerte Herr P. Peter Pascali, CEO und Vorstandsvorsitzender von PyroGenesis. „Unser Verkaufswachstum und neuer Schwung, die kurzfristigen Gewinn versprechen, zusammen mit unserer Verpflichtung zu grüner Produktion, die Unternehmen in Bergbau und Metallurgie helfen, ihre Klimaneutralitätsziele zu erreichen, entsprechen den Erwartungen nachhaltigkeitsbewusster europäischer Investoren und Stakeholder“.
 
„Wir freuen uns darauf, europäische Stakeholder und Industrieunternehmen mit den Investitionsmöglichkeiten und Produktangeboten von PyroGenesis bekannt zu machen“, fügte Herr Stefan Müller, CEO der DGWA, hinzu. „Die Verpflichtung des Unternehmens zu nachhaltiger Entwicklung zusammen mit der großen Nachfrage nach erstklassigen börsennotierten 3D-Druck-Unternehmen kommt sowohl wachstumsorientierten Privatanlegern als auch institutionellen Investoren in Europa entgegen“.
 
Über PyroGenesis Canada Inc.
 
PyroGenesis Canada Inc. ist ein in Entwurf, Entwicklung, Produktion und Vertrieb von fortschrittlichen Plasma-Verfahren und -Produkten tätiges Hightechunternehmen. Das Unternehmen bietet seine Expertise in Entwicklung und Produktion und seine schlüsselfertigen Ausstattungsoptionen Kunden in den Industriebereichen Verteidigung, Metallurgie, Bergbau, hochentwickelte Materialien (einschließlich 3D-Druck) und Umweltschutz an. Mit einem Team erfahrener Ingenieure, Wissenschaftler und Techniker in seinem Büro in Montreal und seinen 3.800 m2 und 2.940 m2 großen Produktionsstätten, behält PyroGenesis seinen Wettbewerbsvorteil an der Spitze von technischer Entwicklung und Vertrieb bei. Mit Hilfe seiner Kernkompetenzen beliefert PyroGenesis den globalen Markt mit innovativen Plasmabrennern, einem Plasmaabfall-Verfahren, metallurgischen Hochtemperaturverfahren und technischen Dienstleistungen. Die Betriebsstätten von PyroGenesis sind nach ISO 9001:2015 und AS9100D zertifiziert. Weitere Informationen finden Sie unter www.pyrogenesis.com.

 

74 Postings, 488 Tage Albatros2020PyroGenesis Reports Record 2020 Results

 
  
    #70
06.04.21 13:48

+ Significant Growth Expactations for 2021  

839 Postings, 439 Tage Lesanto@albatros

 
  
    #71
15.04.21 16:52
Hier ist ja wenig bis nichts mehr los.
Bist Du noch investiert?
Ich bin ja vor gut einem Monat raus.
Und so wie aussieht war es wohl auch kein Fehler, zumindest Stand heute.
Die letzten Wochen ging es ja eigentlich nur bergab.

Gruß
Lesanto
 

69 Postings, 7642 Tage SepplmeierDas Warten auf Meldungen hat nun doch zu einer

 
  
    #72
16.04.21 16:50
stärkeren Abwärtsbewegungen geführt. Lesanto, du hast offensichtlich die bessere Entscheidung getroffen. Ich verkaufe eigentlich auch die Peaks. Habe hier aber langfristiges Interesse und rechne in Zukunft mit deutlich höheren Kursen. Es ist doch schön, wenn man noch einmal günstige Einstiegskurse erhält. Die Aussichten sind unverändert hervorragend.  

74 Postings, 488 Tage Albatros2020@Lesanto

 
  
    #73
1
19.04.21 15:18
Natürlich bin ich weiterhin dabei :)  Hab immer noch ein Plus von 160%. Das kann ich entspannt aussitzen ! Ich bin hier definitiv langfristig unterwegs für mindestens 5, eher 10 Jahre. Hab die Tage nochmal schön nachgekauft. Ein Geschenk zu den Preisen :)  

74 Postings, 488 Tage Albatros2020Completion of Additive Manufacturing NexGen Powder

 
  
    #74
19.04.21 15:22
MONTREAL, April 19, 2021 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company, (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes plasma atomized metal powder, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, is pleased to announce that its cutting edge Additive Manufacturing (“AM”) NexGe Powder production line, incorporating all the improvements previously announced (increased production rate, lower CAPEX, lower OPEX, narrower particle size distribution) is now in place and producing powders. PyroGenesis’ game-changing NexGen Plasma Atomization System, with its production rate exceeding 25kg/h, has shattered all published plasma-atomized production rates for titanium known to management.

As previously disclosed, there are several major top-tier aerospace companies, and OEMs, awaiting powders from PyroGenesis’ new, state of the art, NexGen production line. The Company will, over the next several weeks, perform a number of test-runs to confirm batch to batch consistency. The Company now expects to start delivering powders before the end of Q2 2021.

“We have reached this milestone which many have been waiting for. We are proud to be announcing today, the launching of our state-of-the-art production line incorporating the never seen before benefits of our NexGen technology,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “It was important that we incorporate these improvements into our process before locking it down for commercial orders. As such, we are now able to say that we are producing powders at never seen before production rates using plasma. We are proud to be serving the Additive Manufacturing industry and, once again, opening doors for further advancement.”

“While incorporating the NexGen improvements, it became clear that there were opportunities for further refinements with respect to our downstream powder process,” said Mr. Massimo Dattilo, Vice President, PyroGenesis Additive. “In addition to the increased production rates and yields afforded by NexGen, the downstream changes that we have also incorporated into the process now allow for even further control over powder morphology, or more specifically, powder particle shape and distribution. This now provides AM printer manufacturers with opportunities to further optimize printer parameters for faster build speeds and/or stronger final parts”.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and products. The Company provides its engineering and manufacturing expertise and its turnkey process equipment packages to customers in the defense, metallurgical, mining, advanced materials (including 3D printing), and environmental industries. With a team of experienced engineers, scientists and technicians working out of its Montreal office and its 3,800 m 2 and 2,940 m 2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The Company’s core competencies allow PyroGenesis to provide innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified. For more information, please visit www.pyrogenesis.com .  

74 Postings, 488 Tage Albatros2020Wow!

 
  
    #75
19.04.21 15:30
As previously disclosed, there are SEVERAL major top-tier aerospace companies, and OEMs, awaiting powders from PyroGenesis’ new, state of the art, NexGen production line....

The Company now expects to start delivering powders before the end of Q2 2021.

As such, we are now able to say that we are producing powders at never seen before production rates using plasma. We are proud to be serving the Additive Manufacturing industry and, once again, opening doors for further advancement.”  

74 Postings, 488 Tage Albatros2020AM Powder. Ab 2022 minimum 160 Mio. USD Umsatz

 
  
    #76
19.04.21 15:55
„the cost of titanium powder optimised for 3D printing ranges from $300 to $600.“

Quelle: https://amfg.ai/2019/06/18/titanium-3d-printing-guide/

Ein Tower produziert > 25kg/h = 600kg/24h = 4,2t/Woche = 218,4t/Jahr x $300/kg = 65,52Mio Umsatz

Aktuell soll laut einem Interview mit Peter Pascali alle 4 Monate ein Tower entstehen. Zu Beginn nächsten Jahres hätten wir somit 4 Reaktoren die zusammen für über 260Mio USD Umsatz pro Jahr  sorgen, wenn sie voll ausgelastet sind.  

74 Postings, 488 Tage Albatros2020Kleiner Zahlendreher oben in der Headline

 
  
    #77
19.04.21 15:56
Korrekt ist: AM Powder. Ab 2022 minimum 260 Mio USD Umsatz!  

74 Postings, 488 Tage Albatros202010 Signs your stock is being manipulated

 
  
    #78
19.04.21 17:58
Trifft dir letzten Tage und Wochen ganz gut auf PYR zu ....

https://www.griproom.com/fun/10-signs-your-stock-is-being-manipulated  

74 Postings, 488 Tage Albatros2020PYR Signs Agreement with Tier One Global Aerospace

 
  
    #79
20.04.21 14:14
PyroGenesis Signs Agreement with Tier One Global Aerospace Company for Qualification of Additive Manufacturing Powders

PyroGenesis’ metal powders selected based on quality, cost and production advantages of NexGen production line


MONTREAL, April 20, 2021 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) (the “Company” or “PyroGenesis”), a high-tech company that designs, develops, manufactures and commercializes plasma atomized metal powder, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, is pleased to announce the signing of a qualification agreement (the “Agreement”) with a premier global aerospace company (the “Client”) for the production of metal powders.

Under this Agreement, the Client will perform a standard qualification process typically required before a company can become an approved supplier. The process will, amongst other things, evaluate the Company’s manufacturing methods, test samples of powder for batch-to-batch consistency and determine mechanical and chemical properties. Subsequently, larger volumes of powder will be used to print test coupons to further evaluate mechanical and chemical properties. It is expected that testing with real parts under real time conditions would be in order before final acceptance. Upon passing all acceptance tests, the process will be locked down specifically for the Client, with no additional modifications permitted. Upon successful completion of the testing, PyroGenesis would expect to receive formal acceptance as an approved supplier.

The qualification process has now formally commenced, and the first powder samples are expected to be delivered within the next several weeks.

“This Agreement with one of the world’s largest aerospace companies is a very significant achievement in further validating PyroGenesis’ additive manufacturing powder offering utilizing our NexGen production, which provides significant cost and production advantages,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “This Agreement has been a long time in the making. The Client has visited our facilities and has evaluated our production process, and both parties have been eagerly awaiting the completion of our NexGen production line, which we announced earlier this week. It is important to realize that the qualification process is not only exhaustive and time-consuming, but also quite costly for this aerospace Client which we believe underscores their confidence in the added value and competitive differentiation of our offering. With the previously announced improvements now incorporated into our game-changing powder production line, we are all highly confident in our ability to meet, if not exceed, this Client’s stringent requirements. We fully expect to enter into similar agreements with other major players in the industry over the next several months.”

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and products. The Company provides its engineering and manufacturing expertise and its turnkey process equipment packages to customers in the defense, metallurgical, mining, advanced materials (including 3D printing), and environmental industries. With a team of experienced engineers, scientists and technicians working out of its Montreal office and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The Company’s core competencies allow PyroGenesis to provide innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified. For more information, please visit www.pyrogenesis.com.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward- looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Corporation's current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation's ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.sec.gov. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward- looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the NASDAQ Stock Market, LLC accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

For further information please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
Phone: (514) 937-0002, E-mail: ir@pyrogenesis.com

RELATED LINK: http://www.pyrogenesis.com/  

74 Postings, 488 Tage Albatros2020Additive Manufacturing: Other major players

 
  
    #80
20.04.21 14:22
"We fully expect to enter into similar agreements with other major players in the industry over the next several months.”

Das wird noch ein spannendes Jahr 2021 werden!  

74 Postings, 488 Tage Albatros2020Agreement with Rolls-Royce AM Powder

 
  
    #81
20.04.21 15:29
Hier eine Pressemitteilung aus 2017. Ich bin mir sicher wir werden in den nächsten
Monaten wieder etwas über Rolls-Royce hören :)

PyroGenesis Signs Non-Disclosure Agreement with Rolls-Royce plc for Additive Manufacturing Powders
November 06, 2017 08:35 ET
| Source: PyroGenesis Canada Inc.





MONTREAL, Nov. 06, 2017 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR) (OTCQB:PYRNF), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announces today that it has signed a non-disclosure agreement (“NDA”) with Rolls-Royce plc (“RR plc”).

The purpose of the NDA is to encompass the evaluation and discussion of business opportunities, including proposal or offer generation, submission and evaluation, for the provision of providing powders to R-R plc.

“We are very happy to be in discussions with Rolls Royce and look forward, now that the NDA has been signed, to have more substantive discussions on the production of powder for Rolls Royce,” said P. Peter Pascali, President and CEO of PyroGenesis. “I must caution readers however, not to draw any premature conclusions from this announcement. Though it does signal the interest in our product, and that the interest comes from a very discerning, demanding, and sophisticated party, we are still at the very preliminary stages and there is no guarantee that anything, of any commercial value, will materialize form these efforts.”

PyroGenesis is the inventor of Plasma Atomization – a plasma-based process that produces small, spherical, metal powders for the Additive Manufacturing (“AM”) industry, particularly 3D printing, and for which has become a gold standard.

The Company recently announced the successful completion of the ramp-up of its first (1st) plasma atomization system since announcing, in 2016, that it would become a supplier of powders to the AM industry. During ramp-up, the Company not only received several sample orders, but also developed new Intellectual Property which effectively allowed to produce very narrow particle size distributions, at higher production rates, with little-to-no waste. The Company feels that this breakthrough could be even more game changing than its original Plasma Atomization patent.

Separately, the Company announces today that, further to a subsequent event reviewed in the Q3-2016 Management Discussion and Analysis, wherein it was noted that a director had refused 2,000,000 options at $0.18 per share, the Board of Directors, in accordance with its Stock Option Plan, has approved the grant of up to 2,400,000 incentive stock options (each an “Option”) to this same director, also President and CEO of the Company, to purchase up to an aggregate of 2,400,000 Common Shares of the Company, at a price of $0.58 per share. The Options will be exercisable for a period of five (5) years, commencing on the date of the grant. The grant remains subject to regulatory and Exchange approval.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Its core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Its operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com

About Rolls-Royce plc

Rolls-Royce’s vision is to be the market-leader in high performance power systems where their engineering expertise, global reach and deep industry knowledge delivers outstanding customer relationships and solutions. Rolls-Royce operates across five businesses: Civil Aerospace, Defense Aerospace, Marine, Nuclear and Power Systems.
Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
Rolls-Royce has three common themes across all their businesses:
Investing in and developing engineering excellence
Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes
Leveraging their installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which they can capture aftermarket value long into the future.
Annual underlying revenue was £13.8 billion in 2016, around half of which came from the provision of aftermarket services. The firm announced order book stood at £80 billion at the end of 2016.
In 2016, Rolls-Royce invested £1.3 billion on research and development. Rolls-Royce also supports a global network of 31 University Technology Centers, which position Rolls-Royce engineers at the forefront of scientific research.
Rolls-Royce employs almost 50,000 people in 50 countries. More than 16,500 of these are engineers.
The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2016 Rolls-Royce recruited 274 graduates and 327 apprentices through their worldwide training programmes.
This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press release.

For further information: Rodayna Kafal, VP, Investor Relations and Communications, Phone: (514) 937-0002, E-mail: ir@pyrogenesis.com or rkafal@pyrogenesis.com  

74 Postings, 488 Tage Albatros2020AM Powder Markt

 
  
    #82
21.04.21 12:22

"We are offering a premium product. We can undercut the competition if required. Our goal is to profitably sell below our competitors’ cost."

"Our goal is to capture a significant portion of the high value materials in AM, starting with Ti64."


PyroGenesis könnte den AM Powder Markt in Zukunft dominieren!


Quelle: https://agoracom.com/ir/PyroGenesisCanada/forums/...d=2312758#message

 

9 Postings, 19 Tage JohannagfakaLöschung

 
  
    #83
24.04.21 01:27

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8 Postings, 18 Tage AndreaceymaLöschung

 
  
    #84
25.04.21 01:57

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10 Postings, 18 Tage SilkeqndvaLöschung

 
  
    #85
25.04.21 11:12

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74 Postings, 488 Tage Albatros2020New markets

 
  
    #87
26.04.21 14:24
Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “We have seen a steady increase in demand for plasma atomized powders and not only with respect to titanium alloys. With an increased production rate and a higher yield, we can now open up new markets where materials, that would normally have been too expensive to consider in additive manufacturing, can now be used economically. This type of innovation not only secures PyroGenesis’ position as a powder producer but, in management’s opinion, significantly increases the overall market potential for PyroGenesis’ powder offerings.”  

74 Postings, 488 Tage Albatros2020Elon Musk - The Boring Company

 
  
    #88
27.04.21 11:01
PyroGenesis arbeitet an einem Plasma Brenner für Tunnelbohrmaschinen. Sie arbeiten mit einem Kunden zusammen dessen Namen bisher geheim gehalten wird.
Interessante Reaktion von Peter Pascali auf die Frage nach Elon Musk und der Boring Company ... Man beachte die Verlegenheitsgeste während die Frage gestellt wird....Zeitstempel: https://youtu.be/...vIeYkk?list=TLPQMjcwNDIwMjHupP-Ht05tMg&t=2927

Das gesamte Interview: https://youtu.be/M22rgvIeYkk  

74 Postings, 488 Tage Albatros2020Übernahme AirScience Technologies

 
  
    #89
27.04.21 15:04

PyroGenesis Signs Binding Letter of Intent to Acquire AirScience Technologies Inc. for $4.8MM

Enters Renewable Natural Gas Marketplace Expands GHG Reduction Portfolio
MONTREAL, April 27, 2021 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech Company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes plasma atomized metal powder, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, is pleased to announce that it has signed a binding Letter of Intent (“LOI”), which outlines the terms and conditions pursuant to which PyroGenesis would acquire AirScience Technologies Inc (“AST”) for $4.8MM (the “Purchase Price”). The LOI is binding on AST, but it is only binding on PyroGenesis if in its sole opinion, it is satisfied with the final due diligence currently in progress. The option to satisfy the Purchase Price in shares or cash is at the sole discretion of the buyer, and will only be made on, or about, final closing.

AST is a Montreal-based company that designs and builds (i) gas upgrading systems (specifically from biogas to renewable natural gas, or “RNG”), (ii) Pyrolysis-Gas Purification, (iii) Coke-Oven Gas (“COG”) Purification as well as providing (iv) Biogas & Landfill-Gas Flares and Thermal Oxidizers.

Mr. P. Peter Pascali, CEO and Chair of PyroGenesis, discusses this acquisition in the following Q&A format.

Q1 . First, before we delve into the specifics of this acquisition, can you explain what RNG is, and how biogas upgrading relates to this?

A. For sure.

RNG, which is also called biomethane, is produced from organic waste in landfills, household waste, agricultural waste and wastewater sludge. The decomposition of this organic matter results in a biogas, which is then captured and purified to produce carbon neutral RNG. This upgrading/purifying of a biogas into an RNG is called the biogas upgrading process, and is typically done by cleaning, drying, and separating the methane in the biogas into an RNG.

Why is this done? Because this biogas emitted from a landfill (as an example), and which has been converted into an RNG, can now be sold into the natural gas pipeline network thereby reducing the need for conventional gas. This process has essentially repurposed damaging greenhouse gasses (“GHG”) emitted from a landfill into a valuable product.

What is even more interesting is that governments are now legislating gas distributors to incorporate minimum amounts of RNG into their pipelines. This has, in turn, created a huge need for biogas upgrading facilities worldwide, but particularly in North America, and it is this need that AST is targeting.

The movement to transition economies to net zero emissions is evidenced in the US’ commitment to cut GHG emissions in half by 2030, and to zero by no later than 2050. 1

In our own backyard, in Québec, we are already seeing this movement towards incorporating RNG into traditional gas pipelines. When the Québec government recently unveiled its ambitious plans for a green economy, they incorporated RNG and green hydrogen initiatives as a strategy to reduce GHG emissions. In their 2030 plan for a green economy, the Québec Government launched its first implementation plan, covering 2021-2026, and which was backed by a budget of no less than $6.7 billion over the ensuing five years. More specifically, it earmarked over $200 million for RNG projects in the form of investments in the financing of RNG production and distribution projects. 2

PyroGenesis believes that AST’s experience in biogas upgrading, combined with PyroGenesis’ engineering and multidisciplinary skills, as well as its proven record of meeting the exacting demands of multibillion dollar companies and the US military, positions the combination well to address the opportunities arising from this growing need to clean biogas.

More precisely, PyroGenesis’ acquisition of AST will finally allow AST to realize its full potential by providing the skill set and assets which have been in need at AST, and the lack of which have been an impediment to their growth. Amongst these are access to PyroGenesis’ (i) solid quality management system, including ISO 9001 certification, (ii) multidisciplinary team of engineers (including process, mechanical and electrical engineering) and modeling capabilities (CFD, 3D mechanical, FEM analysis, process modeling), (iii) valorization of intellectual property through patenting of innovations, (iv) newly upgraded state-of-the art fabrication and warehousing facility allowing for quick turnaround of equipment and parts to customers, and (v) over 30 years history with a long list of high-profile customers.

Q2 . Can you expand on this opportunity?

A. Sure.
Biogas production in North America is an industry on the verge of explosive growth and with significant potential for additional expansion and development.

The North American biogas market is vastly under-utilized when compared to other parts of the world; there are under 2,500 sites producing biogas in North America as compared to over 10,000 sites in Europe. 3 According to the Canadian Biogas Association, the full potential of biogas development should lead to an additional 1,800 separate construction projects requiring a capital investment of approx. $7 billion and with further economic spin-offs of over $20 billion. The global biogas market size was US $25.5 billion in 2019 and is projected to reach US $31.69 billion by 2027, exhibiting a CAGR of 5.30% during the forecast period (2020-2027). 4

It is important to note that this projected RNG growth is highly dependent on the biogas production industry reaching capacity, and it is this exact need that AST targets.

There are only 130 plants currently producing RNG in North America, with a potential need for an additional 100 over the next two (2) years, and an additional one thousand in the two (2) to ten (10) year time horizon. 5 It is this explosive growth that PyroGenesis seeks to address with this acquisition.

Q3 . Who is AirScience and what role do they play in this RNG process and reduction of GHG emissions, and are there any additional synergies with PyroGenesis’ traditional offerings?

A. AST is a Canadian company formed in 1993 from the merger of two companies, one Canadian and one American. AST offers technologies, equipment, and expertise in the area of biogas upgrading as well as air pollution controls.

AST is known for its line of landfill gas flares which reduce GHG emissions specifically from landfills. AST complements these offerings with technologies geared towards the desulfurization, dehumidification, and purification of biogas, as well as the production of RNG through the removal of carbon dioxide.

Separately, AST is also active in the purification of coke-oven gas (a by-product in the primary steel industry arising from the conversion of coal into coke), into high purity hydrogen, which is very sought after in the industry.

PyroGenesis has known AST for over 10 years, and we have been actively engaged in a due diligence process since last September. We have found that AST is well known in the marketplace and is uniquely positioned to take advantage of the need to upgrade biogas into RNG, thus reducing GHG emissions globally. They are a lean RNG developer with several projects in execution.

With thousands of sites flaring low-quality biogas across North America, there is an enormous opportunity to curb emissions and simultaneously generate revenues. Reducing carbon emissions while transforming biogas into RNG fits well with PyroGenesis’ stated strategy to become a world leader in reducing GHG emissions. Specifically,

(i) the syngas produced by PyroGenesis in, for example, its PRRS offering (the land-based offering) is very similar to the COG that is cleaned and upgraded by AST. In PyroGenesis’ case, the syngas is converted into electricity and heat (both low value). In AST’s case, the COG is purified, and hydrogen, which has a much higher value, is extracted from it. As such, there is an opportunity to repurpose the syngas generated by PyroGenesis’ PRRS offering by leveraging off of AST’s technology, and thereby create higher value products such as hydrogen, methanol and ethanol, and

(ii) PyroGenesis’ and AST’s client base are unique in that they are not totally independent of each other but overlap and, to some degree, are both driven to reduce GHGs. As such, they are ideal candidates for cross selling. There is an opportunity to both cross sell PyroGenesis’ clients on AST’s offerings and AST’s offerings to PyroGenesis’ clients.

Q4 . Could you describe the transaction in more detail?

A. Structurally, this LOI is binding on AST, but only on PyroGenesis if the Company, in its sole discretion, are satisfied with the final due diligence currently in progress.

AST currently has approximately $10-12MM in backlog all of which is expected to be completed within 18 months, $12-14MM in pipeline, and has posted an average gross margin over the last four years (2016-2019) in excess of 40%. The company was profitable in 2019 on approx. $4.7MM in revenues. Projections are cash flow positive over the foreseeable future (Note: all these figures must be further verified during the final due diligence currently underway).

The transaction is for $4.8MM payable at the Company’s option, in cash or shares, at the final closing. At the closing, the full payment will be put in escrow and only released upon certain milestones being accomplished, a sample of which are:

1) 20% upon payment of US$4MM (approx. Can$5MM) under an existing letter of credit from AST’s client X,
2) 25% upon conversion of $4MM in pipeline to signed contracts,
3) 25% upon final acceptance report for client Y, and
4) 20% upon final acceptance test from client Z.

Q5. In closing, you stated in your last financials that the Company will pursue a synergistic merger and acquisitions (M&A) growth strategy to augment organic growth. So, should we expect more acquisitions in the near future?

A. As previously disclosed, the Company is implementing a conservative synergistic M&A strategy to augment its organic growth.

We have described leveraging off of our “Golden Ticket” advantage (that advantage that occurs as a result of selling directly, or being engaged directly, with the end user and, as a result, are now “inside the fence”). A Golden Ticket affords us the opportunity to either, (i) cross sell other products or, ideally, (ii) identify new areas of concern that can be uniquely addressed by PyroGenesis. We call the latter our Coffee and Donuts strategy (if you are selling coffee, you can generate additional revenues, with little additional effort, by selling donuts as well)

Our acquisition strategy has, to date, been focused exclusively on private companies which (i) leverage off of the Company’s Golden Ticket advantage/Coffee & Donuts strategy and/or (ii) could uniquely benefit from the Company’s engineering advantage and/or international relationships.

To answer your question, we may do one more acquisition, but our attention at this time is not to pursue any more than that. With the acquisition announced today, combined with the previously disclosed potential joint venture to convert dross residues into valuable chemicals, we feel anything more would be distractive.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and products. The Company provides its engineering and manufacturing expertise and its turnkey process equipment packages to customers in the defense, metallurgical, mining, advanced materials (including 3D printing), and environmental industries. With a team of experienced engineers, scientists and technicians working out of its Montreal office and its 3,800 m 2 and 2,940 m 2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The Company’s core competencies allow PyroGenesis to provide innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified. For more information, please visit www.pyrogenesis.com .

 

74 Postings, 488 Tage Albatros2020Todays Market Activity

 
  
    #90
28.04.21 22:11

PyroGenesis Comments on Today’s Market Activity Statement from the CEO


MONTREAL
, April 28, 2021 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company, (hereinafter referred to as the “Company” or “PyroGenesis”), a Company that designs, develops, manufactures and commercializes plasma atomized metal powder, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, issues this press release in response to significant inquiries from shareholders which have been addressed by the following statement from P. Peter Pascali, CEO and Chair of PyroGenesis:

“Our stock has reacted this morning to a report that seems to be a short seller attack on the Company, and was in no way affiliated with PyroGenesis, its management, or Board. At no time did the authors of the report contact PyroGenesis despite their contention that they did.

The report is replete with additional false and intentionally misleading statements, innuendoes, inaccuracies, outright distortions and lies, all of which appears to an attempt to generate panic selling. Regretfully, some investors may have made decisions based on these falsehoods.

We do not take this report lightly and we will take all legal action to hold those accountable for their actions. At PyroGenesis, we stand for freedom of opinions, but draw the line when lies are used for manipulation, no matter what side of the market one may be playing.

I wish to reassure all interested parties that as a person who controls between approximately 48%-52% of the PyroGenesis stock, I am totally committed to every aspect of this business, and further confirm that we at all times operate legally and, more importantly, morally.

At PyroGenesis, we are committed to building real value with real clients who are leaders in their respective industries, and we have successfully demonstrated this over many years. We do not believe that time spent addressing specific rantings by manipulators who have hidden agendas is a good use of Company’s time. However, we will note that we stand by all our disclosures.

Last but not least, on the topic of standing by all disclosures, I ask readers to put today’s report in its proper perspective. The report is faceless. No author. No address. No telephone numbers. No email. No access. On the other hand, PyroGenesis has been audited every year by reputable firms (KPMG has audited our accounts every year since 2015) who have had full access to all information, and we count the US NAVY, plus a host of other billion-dollar market leaders, as long-term clients/partners who have done their own due diligence and audits of the Company.

We thank you all for your understanding and support. Rest assured that the Company is stronger today than yesterday, stronger yesterday than the week before, stronger the week before than the month before that, and stronger the month before than the year before that. In my opinion we have never been better positioned to execute on all our strategies.”

 

74 Postings, 488 Tage Albatros2020PYR Announces Successful Completion of AM NexGen

 
  
    #91
13.05.21 01:00
PyroGenesis Announces Successful Completion of Additive Manufacturing NexGen Powder Test Runs; Commercial Powder Production Begins


MONTREAL, May 12, 2021 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company, (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes plasma atomized metal powder, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, is pleased to announce that, further to its press release dated April 19th, 2021, powder test runs for batch to batch consistency using its cutting edge Additive Manufacturing (“AM”) NexGen powder production line has been completed successfully, and ahead of schedule. The Company is now producing AM metal powders for clients.

“We are happy to announce this significant milestone, almost two months ahead of the schedule announced on April 19th. The strategic decision previously made to delay powder production to incorporate several revolutionary improvements into the existing production line (increased production rate, lower CAPEX, lower OPEX, narrower particle size distribution) means that PyroGenesis is entering the AM powder market with a production line which management believes is the low-cost producer in its class. Management also believes that the NexGen powder production line will also enable PyroGenesis to uniquely process materials which, until today, did not seem economically feasible,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “It is very exciting to know that we are now going to be delivering powders to very discerning and distinguished clients. However, I want to caution readers not to be expecting hundreds of tons of powder orders next week. As everything we do “…slow is smooth and smooth is fast…”, it is a strategy that we have perfected. It has worked well for us up to now, and we see no reason to change it.”

“We are where we want to be,” said Mr. Massimo Dattilo, Vice President of PyroGenesis Additive. “The next step is to complete the qualification processes and secure large long-term contracts, thereby providing PyroGenesis with recurring revenues for years to come. This will obviously take time, but we are there now. With the advantages of the NexGen powder production line, we believe it is only a matter of time given the major top tier aerospace companies and OEMs are already awaiting powders from this new state-of-the-art production line.”

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and products. The Company provides its engineering and manufacturing expertise and its turnkey process equipment packages to customers in the defense, metallurgical, mining, advanced materials (including 3D printing), and environmental industries. With a team of experienced engineers, scientists and technicians working out of its Montreal office and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The Company’s core competencies allow PyroGenesis to provide innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified. For more information, please visit www.pyrogenesis.com.  

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