PYROGENESIS. Der schlummernde Riese

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 :)  

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 .  

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.”  

„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.  

Korrekt ist: AM Powder. Ab 2022 minimum 260 Mio USD Umsatz!  

Trifft dir letzten Tage und Wochen ganz gut auf PYR zu ....

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

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/  

"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!  

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  

"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

 

https://www.metal-am.com/...m-powders-with-tier-one-aerospace-client/  

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.”  

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  

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 .

 

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.”

 

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.  

PyroGenesis Announces Successful Installation of $1MM State-Of-The-Art Plasma Torch Production Equipment in New Facility; Provides 2021 First Quarter Results Release Date


MONTREAL, May 13, 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 powders, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, is pleased to announce that, further to significant inquiries from shareholders, it will release its 2021 first quarter results on May 17th, 2021, before markets open.

Separately, and further to its press release dated March 3rd, 2021 (wherein it was disclosed that PyroGenesis almost doubled its manufacturing footprint by leasing an additional 31,632 sq. ft), the Company is now pleased to announce the successful installation of approximately $1MM in state-of-the-art plasma torch production equipment in its new facility located in Montreal, Quebec, Canada.

“The Company recently invested approximately $1MM in state-of-the-art production equipment, and we announce today its successful installation,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “This equipment has a wide range of capabilities and will significantly reduce the manufacturing time of our plasma torches. For example, parts that previously took 4 hours to manufacture will now take 15 minutes. PyroGenesis will produce parts faster and at lower cost, thereby reducing delivery times while increasing profitability.”

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.
 

PyroGenesis Announces Q1 2021 Results Revenues $6.3MM; Net Earnings and Comprehensive Income $3.7MM; Gross Margin 34%; Current Backlog $26MM; Basic EPS $0.02
   
MONTREAL, May 17, 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 powders, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, is pleased to announce today its financial and operational results for the first quarter ended March 31st, 2021.

“We are happy to be announcing that our Q1 2021 financial results continue to reflect the historical trend set early last year. The last several quarters saw PyroGenesis more than triple its backlog of signed contracts, reduce debt to basically zero, and recording over $25 million of cash on the balance sheet. All this, while graduating to the TSX, co-listing on the NASDAQ, and closing an oversubscribed bought deal of over $10 million,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “Q1 2021 saw PyroGenesis post $6.3 million in revenues; over 7x that posted in same period 2020. Operations broke even after share-based compensation, costs associated with up-listings, as well as R&D expenses (Q1 2021: $286K vs $23K in same period last year) which were associated with developments in our additive manufacturing offering. The statistic I find most revealing in terms of what we have done in the past 12 months, and where we may be going, is the fact that we posted 40% more revenues in this quarter alone than we did for the entire year in 2019, a year that saw us post a net loss of over $9 million. We believe that the Company has never been better positioned and is well placed to build upon this trend for the foreseeable future.”

Q1 2021 results reflect the following highlights:

Revenues of $6,264,503, an increase of 771% over $718,908 posted in Q1 2020,
Net earnings and comprehensive income of $3,712,903 an increase of $5,469,931 over that posted in Q1 2020,
Gross margin profit of $2,143,010 an increase of 701% vs. $267,414 in Q1 2020,
Backlog of signed contracts of $26MM,
Cash and cash equivalents at March 31, 2021 of $26,274,344 (December 31, 2020: $18,104,899),
Total Assets as at March 31, 2021 of $87,339,065 (December 31, 2020: $74,531,378),
Gross margin of 34.2%, a decrease of 3% year over year,
Shareholders’ Equity at March 31, 2021 of $72,122,309 (December 31, 2020: $59,423,106),
Current Ratio at March 31, 2021 of 3.26x versus 2.20x at December 31, 2020 (versus 0.21x at March 31, 2020),
Basic Earnings per Share (EPS) of $0.02 for Q1 2021 as compared to ($0.01) in Q1 2020.
OUTLOOK

PyroGenesis continues to be well positioned, with a clean balance sheet, to execute on all its organic growth strategies as well as to actively pursue growth through synergistic mergers & acquisitions. The Company has recently focused its offerings to highlight their GHG emissions reduction benefits. Most of PyroGenesis’ product lines do not depend on environmental incentives (tax credits GHG certificates, environmental subsidies, etc.) to be economically viable.

We consider this strategy to be timely as many governments are considering stimulating their respective economies by promoting and funding both environmental technologies and infrastructure projects. As such, management expects that this will be a tailwind into an already strong pipeline which will further increase revenues, and add directly to shareholder value.

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 3-4 months; estimated time to completion: approx. 15 months). Management notes that it has been very successful in the selection process to date. We consider this project to now have a better than average probability of success, and is an example of a company’s commitment to this strategy.

Additive Manufacturing

With respect to additive manufacturing, we expect to see significant year over year improvements in our 3D metal powders offering as our NexGen facility, which incorporates all the previously disclosed benefits (increased production rates, lower capex, lower opex), is now on-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.

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 expects that the previously mentioned government initiatives, geared to stimulating their respective economies by promoting and funding environmental technologies and infrastructure projects, will only serve to increase interest in PyroGenesis’ plasma torch offerings. However, this could delay the onset of contracts as potential clients seek government support for large initiatives. 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 very small company to produce a plasma torch ideal for tunneling. PyroGenesis has reason to believe that the real plasma-based tunneling opportunity may lie outside of the scope of the current agreement. PyroGenesis is in discussion with the client to determine the best way to terminate this arrangement. PyroGenesis is evaluating, and intends to pursue, plasma based tunneling opportunities, specifically those identified to be 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 continue to expand our role as HPQ’s 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) then 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.

A new plasma-based process that could convert Silica (Quartz, SiO2) into fumed silica (Pyrogenic Silica) in one step.  This new process could be a low-cost and environmentally friendly option that combines HPQ Silicon High Purity Quartz initiatives with PyroGenesis’ industry leading know-how in the development of commercial plasma processes.  It is envisioned that the process will eliminate harmful chemicals presently generated by traditional methods.  This new process could revolutionize the manufacturing of fumed silica, while repatriating production back to North America.
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.

PyroGenesis recently announced a Binding Letter of Intent with AirScience, a company with experience with biogas upgrading, under which the Company would acquire AirScience for $4.8MM. PyroGenesis believes that AirScience’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 generate renewable natural gas.

The Company has been evaluating the following opportunities, additional details of which should be disclosed over the coming weeks.

DROSRITE

We expect to be able to announce within the next few 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 continues to review 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 is evaluating them in due course.

Conclusion

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 revenue of $6,264,503 in the first quarter of 2021 (“Q1, 2021”), representing an increase of 771% compared with $718,908 recorded in the first quarter of 2020 (“Q1, 2020”).

Revenues recorded in the first quarter of 2021 were generated from:
(i) DROSRITE related sales of $2,740,725 (2020 Q1 - $474,432)
(ii) PUREVAP related sales of $625,086 (2020 Q1 - $17,965)
(iii) torch related sales of $195,221 (2020 Q1 - $87,944)
(iv) support services related to PAWDS-Marine systems supplied to the US Navy $2,586,021 (2020 Q1 - $23,896)
(v) other sales and services of $117,450 (2020 - $114,671)
Cost of Sales and Services and Gross Margins

Cost of sales and services before amortization of intangible assets was $4,114,713 in Q1 2021, representing an increase of 825% compared with $444,681 in Q1 2020, primarily due to an increase in employee compensation, subcontracting, direct materials and manufacturing overhead and other and foreign exchange charge on materials.

In Q1 2021, employee compensation, subcontracting, direct materials and manufacturing overhead increased to $4,176,248 (Q1 2020 - $391,305). The gross margin for Q1 2021 was $2,143,010 or 34.2% of revenue compared to a gross margin of $267,414 or 37.2% of revenue for Q1 2020. As a result of the type of contracts being executed, the nature of the project activity, as well as the composition of the cost of sales and services, as the mix between labour, materials and subcontracts may be significantly different.

Investment tax credits related to qualifying projects from the provincial government were $26,649 (2020 - $131,871) and $Nil (2020 $1,058,017) of investment tax credits earned in prior years that met the criteria for recognition. The Company also recorded for the three months ended March 31, 2021 $1,183 (2020 - $18,420) of the investment tax credits against cost of sales and services, $17,967 (2020 - $1,141,468) against research and development expenses and $7,500 (2020 - $30,000) against selling general and administrative expenses.

The amortization of intangible assets of $6,780 in Q1 2021 and $6,813 for Q1 2020 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 Q1 2021 excluding the costs associated with share-based compensation (a non-cash item in which options vest principally over a four-year period), were $2,803,095 representing an increase of 132% compared with $1,205,726 reported for Q1 2020.

The increase in SG&A expenses in Q1 2021 over the same period in 2020 is mainly attributable to the net effect of:

an increase of 35% in employee compensation due primarily to additional head count,
an increase of 1,805% for professional fees, primarily due to an increase in accounting fees, legal fees, and listing fees.
an increase of 112% in office and general expenses, is due to an increase in safety supplies and computer related expenses,
travel costs decreased by 82%, due to a decrease in travel abroad,
depreciation on property and equipment increased by 659% due to higher amounts of property and equipment being depreciated,
depreciation on right of use assets increased by 14% due to higher amounts of right of use assets being depreciated,
Investment tax credits were the same year to year,
government grants decreased by 100% due to lower levels of activities supported by such grants,
other expenses increased by 346%, primarily due to an increase in insurance.
Separately, share based payments increased by 1,202% in Q1 2021 over the same period in 2020 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 $286,307 of R&D costs, net of government grants, on internal projects in Q1 2021, an increase of 1,140% as compared with $23,088 in Q1 2020. The increase in Q1 2020 is primarily related to a decrease in government grants recognized.

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.

Net Finance Costs

Finance costs for Q1 2021 totaled $53,087 as compared with $232,736 for Q1 2020, representing a decrease of 77% year-over-year. The decrease in finance costs in Q1 2020, is primarily attributable to lower interest and accretion on lower amounts of debt.

Strategic Investments

The adjustment to the fair market value of strategic investments for Q1 2021 resulted in a gain of $5,634,722 compared to a gain in the amount of $492,024 in Q1 2020.

Net Earnings and Comprehensive Income (Loss)

The net comprehensive income for Q1 2021 of $3,712,903 compared to a loss of $1,757,027, in Q1 2020, represents an increase of 311% year-over-year. The increased in income of $4,253,146 in the comprehensive income in Q1 2021 is primarily attributable to the factors described above, which have been summarized as follows:

an increase in product and service-related revenue of $5,545,595 arising in Q1 2021,
an increase in cost of sales and services of $3,669,999, primarily due to an increase in employee compensation, subcontracting, direct materials, manufacturing overhead & other, and a decrease in foreign exchange, investment tax credits, and amortization of intangible assets,
an increase in SG&A expenses of $1,597,369 arising in Q1 2021 primarily due to an increase in employee compensation, professional fees, office and general, depreciation in property and equipment, depreciation ROU assets, other expenses and share based expenses, and a decrease in travel, and government grants,
an increase in R&D expenses of $263,219 primarily due to an increase in subcontracting, material and equipment and other expenses,
a decrease in net finance costs of $179,649 in Q1 2021 primarily due to lower interest and accretion on lower amounts of debt,
an increase in fair value adjustment of strategic investments of $5,142,698 in Q1 2021.
EBITDA

The EBITDA gain in Q1 2021 was $3,950,881 compared with an EBITDA loss of $1,418,057 for Q1 2020, representing an increase of 379% year-over-year. The $5,368,938 increase in the EBITDA gain in Q1 2021 compared with Q1 2020 is due to the increase in comprehensive income of $5,469,930, an increase in depreciation on property and equipment of $66,261, and an increase in depreciation ROU assets of $12,429, offset by a decrease in amortization of intangible assets of $33 and a decrease in finance charges of $179,650.

Adjusted EBITDA gain in Q1 2021 was $4,873,221 compared with an Adjusted EBITDA loss of $1,347,190 for Q1 2020. The increase of $6,220,411 in the Adjusted EBITDA gain in Q1 2021 is attributable to an increase in EBITDA gain of $5,368,938, and by an increase of $851,473 in share-based payments.

The Modified EBITDA loss in Q1 2021 was $761,501 compared with a Modified EBITDA loss of $855,166 for Q1 2020, representing a decrease of 11%. The decrease of $93,664 in the Modified EBITDA gain in Q1 2021 is attributable to the increase as mentioned above in the Adjusted EBITDA of $6,220,411 and a decrease in the change of fair value of strategic investments of $6,126,745.

Liquidity

As at March 31, 2021, the Company has cash and cash equivalents of $26,274,344. In addition, the accounts payable and accrued liabilities of $8,236,489 are payable within 12 months. The Company expects that its cash position will be able to finance its operations for the foreseeable future.

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.  

Albatros , nun will ich dich mal unterstützen als Alleinunterhalter . Mir geht es genauso bei meiner Gold, Silber, Blei und Zink Aktie. Da traut sich bisher auch keiner rein ;-)


https://dgwa.us12.list-manage.com/track/...7f9675c19&e=d0f5055777  

https://www.globenewswire.com/news-release/2021/...lasma-Torches.html


MONTREAL, 03. Juni 2021 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), ein High-Tech-Unternehmen (im Folgenden als . bezeichnet) als das „Unternehmen“ oder „PyroGenesis“), das plasmazerstäubte Metallpulver, umweltfreundliche Plasma-Waste-to-Energy-Systeme und saubere Plasmabrennerprodukte entwirft, entwickelt, herstellt und vermarktet, freut sich heute bekannt zu geben, dass datiert 24. November th, 2020, hat sie von einem großen Eisenerzproduzenten (der „Kunde“) eine Anfrage für einen Kostenvoranschlag für sechsunddreißig (36) Plasmabrenner erhalten. Der Kunde ist ein internationaler Multi-Milliarden-Dollar-Produzent von Eisenerzpellets, einer der größten der Branche, dessen Name aus Gründen der Vertraulichkeit nicht bekannt gegeben wird und dessen oberstes Ziel darin besteht, Treibhausgase (THG) durch den Ersatz ihrer fossilen Brennstoffbrenner mit den proprietären Plasmabrennern von PyroGenesis.

Wie zuvor bekannt gegeben, besitzt PyroGenesis das Verfahrenspatent, um Brenner für fossile Brennstoffe durch die sauberen Plasmabrenner von PyroGenesis in der Eisenerzpelletisierungsindustrie zu ersetzen und dadurch die Treibhausgasemissionen zu reduzieren.

„Sechsunddreißig (36) ist eine zu genaue Zahl, um zufällig zu sein“, sagte P. Peter Pascali, CEO und Vorsitzender von PyroGenesis. „Wichtig ist heute, dass wir jetzt bestätigen können, dass der Kunde nicht nur den spezifischen Ofen identifiziert hat, um einen möglichen Wechsel einzuleiten, sondern auch die zu ersetzenden Brenner identifiziert hat und nun zu den nächsten Schritten übergeht. Dies ist eine bedeutende Entwicklung, die jedoch nicht unerwartet kam. Wir können die Chance, die sich daraus ergibt, nicht genug betonen. Das heißt nicht, dass keine Risiken für die Zukunft bestehen oder dass zukünftige Verträge garantiert sind. Wir können jedoch mit Sicherheit sagen, dass wir die Kästchen weiterhin konservativ einzeln ankreuzen.“

Pelletierung ist der Prozess, bei dem Eisenerz vor dem Versand konzentriert wird, wodurch die Transportkosten erheblich gesenkt werden und ein erforderliches Ausgangsmaterial für Hochöfen bereitgestellt wird. Bei herkömmlichen Technologien wird die Prozesswärme durch Heizöl- oder Erdgasbrenner (beide umweltschädlich) bereitgestellt. Die Verbrennung fossiler Brennstoffe in den Brennern führt zur Produktion von Treibhausgasen, hauptsächlich CO 2 . Plasmabrenner hingegen nutzen erneuerbaren Strom und bieten als solche eine umweltfreundliche Alternative zu fossilen Brennern.

Das Management hat intern geschätzt, dass ein typisches Pelletwerk, das jährlich 10 Millionen Tonnen Pellets produziert, ungefähr eine Million Tonnen CO 2 1 emittiert . Die weltweite Pelletsproduktion von insgesamt 400 Millionen Tonnen Pellets stellt einen potenziellen Markt für Brennerverkäufe von mehr als 10 Milliarden US-Dollar weltweit dar. Die weltweite Pelletindustrie verursacht jährlich etwa 40 Millionen Tonnen CO 2 . Der Einsatz von Plasmabrennern, die mit einem sauberen Stromnetz betrieben werden, würde diese Emissionen deutlich reduzieren. Als Referenz: 40 Millionen Tonnen CO 2 entsprechen den kombinierten jährlichen Emissionen von 8,7 Millionen US-Pkw 2 .  

Auftragsvolumen bei 2-3 Million USD pro Torch bei insgesamt 72-108 Millionen USD! Und das ist erst der Anfang…  

BCONTVentures: What does the news mean for Pyrogenesis?
Great points LastZaz (regarding Thursday's news release), thanks for this.  This is huge news and like you say, PyroGenesis is the leader in this area.

https://stockhouse.com/news/press-releases/2021/...-iron-ore-producer

The exciting part is that this is just one division/business line within PYR, there is also DROSRITE, 3D Printing (Additive Manufacturing), PUREVAP, and numerous others.

Exciting times!

Long and Strong in PyroGenesis!

LastZaz wrote:
Obviously - amazing, amazing news for investors. I'd just like to make a few considerations out loud here:

First - the deal is with Client A. We know this due to today's release reference to a November 2020 press release, of which client  A was the subject. As someone else here pointed out; this means the torch works as Client A had already ordered and tested one torch... that is excellent reassurance to all those who carried skepticism. It's also a slap in the face to the shorters and doubters.

Further... the order means that an industry leader* is considering a significant capital (and recurring) investment in this technology. Not only does it signal the desire for a full scale switch to these torchs over time, it signals that this may be the beginning of a real shift in the industrial sector towards industrial, green tech. The potential of this is truly staggering as one can expect other leaders and industries to see this working technology and the impact on GHG emmissions as well as their bottom line (most importantly). As I've said several times in the previous months - disciplined investors trust their due diligence and did not let a sinking share price affect their position... the technology works, it is ultimately needed in this dinosaur industry, and it has massive potential.

Lastly - consider that PYR is the leader in this area now. No one else has this level of proof of concept. Not only does it appear a deal will materialize - it appears that PYR will have a FAR easier time selling these torches to other clients, particularly after one of the leaders in the iron ore industry is adopting this tech.

From a technical perspective, this should buoy the stock price after we hit highs of $12... it is tough to imagine the share price (TSX) dipping below $5 again. The true potential of this company in the long run are staggering, and that fact will become easier and easier to see I think over the next year and a half. I will have a hard time selling shares to take profits, that is for sure.

Quelle: https://stockhouse.com/companies/...?symbol=t.pyr&postid=33338794

 

Die Anzeichen verdichten sich zunehmend, dass es sich bei Client A um Rio Tinto handelt (Plasmabrenner/Plasma Torch)

Quelle: https://stockhouse.com/companies/bullboard/t.pyr/...c?postid=33336581  

Die Rede ist in diesem Post von Kanadischen Dollar

Peter stated he will sign $65 Million in contract in the next few months

Dros contract $40 million above average to win contract

Torch quotation for 36 units about $130 Million possible contract

Total estimated contract in progress $65+$40+$130 = $235 Million possible contract in the next 6 months.

Quelle: https://stockhouse.com/companies/bullboard/t.pyr/...c?postid=33335455  

PryoGenesis gibt LOI für drei 10 -Tonnen-Drosrite-Systeme mit einem bestehenden Kunden bekannt.

Die Vereinbarung wird voraussichtlich im Bereich von $10 bis 15 Mio. liegen

PyroGenesis reduziert mit seinen Angeboten weiterhin die Treibhausgasemissionen

Montreal, Quebec (7. Juni 2021) - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), ein High-Tech-Unternehmen (nachfolgend „Unternehmen“ oder „PyroGenesis“ genannt), das plasmazerstäubte Metallpulver, umweltfreundliche Plasmaabfall-to-Energy-Systeme und saubere Plasmabrenner entwickelt, produziert und vermarktet, freut sich heute bekannt zu geben, dass es von einem bestehenden Kunden eine Absichtserklärung (Letter of Intent, LOI) zum Kauf von drei 10-Tonnen-DROSRITE-Systemen erhalten hat. Die Vereinbarung wird, wenn abgeschlossen, voraussichtlich im Bereich von $10 bis 15 Millionen liegen. Der Name des Kunden bleibt aus wettbewerbsrechtlichen und vertraulichen Gründen anonym.

Aufgrund der Entscheidung eines bestehenden Kunden, seine Aluminiumverarbeitungsanlagen zu erweitern, ist mit der Verarbeitung von zusätzlichen 30 Tonnen Schlacken zu rechnen. In dieser Phase werden voraussichtlich drei 10-Tonnen-DROSRITE-Systeme benötigt, aber dies kann sich zu einer Kombination aus 5-Tonnen- und 10-Tonnen -DROSRITE-Systemen ändern.

„Dies ist in der Tat eine sehr interessante Entwicklung, die wir nicht erwartet haben“, so P. Peter Pascali, CEO und Chair von PyroGenesis. „Die heutige Ankündigung bestätigt die rasche Einführung unserer Umwelttechnologien in der Aluminiumindustrie. Mit unserem Drosrite-System können Schmelzereien wirtschaftlicher und umweltfreundlicher arbeiten.“

„Abgesehen von den drei heute angekündigten Systemen verfügt PyroGenesis jetzt über elf (11) kommerzielle Drosrite-Systeme, die entweder in vollem Betrieb sind, ausgeliefert wurden oder gerade ausgeliefert werden“, fügte Herr Pascali hinzu. „Sobald alle elf Systeme in Betrieb sind, geht das Unternehmen davon aus, von einer wiederkehrenden Einnahmequelle aufgrund der Ersatzteile im Wert von jährlich über $5 Mio. profitieren zu können.“

Das DROSRITE-System von PyroGenesis ist ein salzfreies, kostengünstiges und nachhaltiges Verfahren zur Maximierung der Metallgewinnung aus Schlacken, einem Abfall, der in der metallurgischen Industrie entsteht. Das Verfahren von PyroGenesis vermeidet kostspieligen Metallverlust und reduziert gleichzeitig die CO2-Bilanz und den Energieverbrauch einer Schmelzerei, was eine beeindruckende Investitionsrendite bietet.