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 initial deployment of the USS Gerald R. Ford with our PAWDS on board is truly a milestone for PyroGenesis," said P. Peter Pascali, CEO and chair of PyroGenesis.
"This decision was made because we remained firm in our decision to not compromise nor hand over, to the client, the intellectual property (IP) which we would have developed in Phase 1," P. Peter Pascali, CEO and chair of PyroGenesis said
The QRR plant, the first prototype of its kind, is now testing its ground-breaking one-step transformation of quartz into high-purity silicon with a series of optimization and repeatability tests
“The payment announced today was made in accordance with a revised payment schedule to better align with the end-user’s operating cash flows,” said PyroGenesis CEO P. Peter Pascali
The company reiterated that the on-site facility and production audit is significant as it is part of the final phase of the client’s qualification process spanning over 18 months
The firm was ranked ninth on the TSX30 List recognizing Canada's Top 30 performing stocks after the value of PyroGenesis shares appreciated by 353%
The Canadian high-tech company said its technology will deliver complete, carbon-free destruction of ozone-depleting refrigerant substances for the client’s southern hemisphere facility
“This agreement continues to underscore the applicability, and timeliness, of PyroGenesis’ offerings within the primary and secondary metal production industries,” PyroGenesis Canada CEO Peter Pascali said
The company said its JV partner completed primary testing of residues from an operational DROSRITE facility and the results confirm that the residues are of such high quality that they can be processed into highly marketable products
The audit is part of the final phase of the qualification process which has spanned over 18 months of investigative rigor by the client
PyroGenesis CEO P. Peter Pascali said the 43% quarterly gross margin illustrates the combined strength of the company’s production process and the strategy and care taken with contract negotiations
“With the ability to now produce titanium powder by the tonne, the company is now in a position where it can provide additional perspective on status, and next steps, for both existing and developing opportunities," said PyroGenesis CEO P P
Now that the company’s torch system has been delivered, the installation will proceed at the discretion of the client
The joint initiative is focused on utilizing PyroGenesis' zero-emission plasma torches in carbon anode baking
“This latest order represents the second consecutive commercial batch of metal powders produced using the company’s NexGen plasma atomization system, at our state-of-the-art production facility in Montreal, in as many weeks,” noted Massimo
HPQ Silicon Resources noted that with the GEN3 PUREVAPQuartz Reduction Reactor pilot plant functional the project is entering its “final” research and development phase
"We look forward to announcing additional initiatives within this sector of the aluminum industry as negotiations currently taking place bear fruit," said PyroGenesis CEO and chair P. Peter Pascali
“This order is both an important commercial milestone, as well as further validation of our process and ability to supply some of the highest quality powder produced to the additive manufacturing industry using our NexGen plasma atomization
With PyroGenesis Canada, HPQ is developing the PUREVAP Quartz Reduction Reactors, which will permit the one-step transformation of quartz (SiO2) into high purity silicon at significantly reduced costs, energy input, and carbon footprint
In the three months to end-March, the company, which develops plasma processes to reduce greenhouse gases (GHG), posted revenue of C$4.2 million, down 33% compared to the first quarter of 2021
