Company
OTCMKTS: PYRNF
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 square metre manufacturing facility, 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.
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The technology company upped its 3Q earnings per share guidance to C$0.07 from C$0.06 and said it expects to deliver earnings per share of C$0.11 for the full year
The company posted revenue of more than C$2.1 million for the three months ended June 30, up 133% from $913,769 in the same period of 2019
An additional payment of over $2.5 million is expected in the next few weeks under the company's $25 million contract
The company said that with an eagerly anticipated US Navy contract in hand, its backlog of signed contracts will be in excess of $40 million
PyroGenesis torches are currently in use by two companies to more sustainably concentrate iron ore into pellets prior to shipment
Archive
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The Candian high-tech company's CEO said that with the "eagerly anticipated US Navy contract in hand" backlog of signed contracts will be in excess of $40 million
Under the deal, HPQ will send silicon samples produced by the PUREVAP Nano Silicon Reactor (NSiR) for energy storage applications
The NexGen Plasma Atomization System produces 25 kilograms of metal powder per hour, a feat the company says shatters other published plasma-atomized production rates
HPQ directors have agreed to settle an outstanding debt for services rendered by PyroGenesis Canada
The client is a multi-billion-dollar international owner of 10 plants requiring 50 plasma torches to replace existing fossil fuel burners
The plan is to ultimately replace the clients fossil fuel burners with more environmentally friendly and cheaper plasma torches
The payment is part of an exclusive deal to develop and supply high-powered plasma torches designed specifically for tunneling applications
PyroGenesis said it received $1.4 million in March and has now earned another $1.4 million from its client
The agreement will see PyroGenesis develop and supply high-powered plasma torches designed specifically for tunneling applications
The company is seeing 'meaningful interest' from the battery industry in its PUREVAP RRQ Silicon Metal, which is used as a feedstock to manufacture spherical silicon metal nano powders and nanowires for lithium-ion batteries
PyroGenesis expects to receive C$25 million over the next 12 months
CEO P. Peter Pascali says the company will work to 'ensure all our employees are employed, safe, and healthy'
Rise Energy Technology Center AB purchased a 900-kilowatt plasma torch system last year
Spherical silicon metal nano-powders and nanowires are crucial for building next generation lithium-ion silicon metal batteries
