@Lesanto 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 :)  

Completion of Additive Manufacturing NexGen Powder 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 .  

Wow! 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.”  

AM Powder. Ab 2022 minimum 160 Mio. USD Umsatz „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.  

Kleiner Zahlendreher oben in der Headline Korrekt ist: AM Powder. Ab 2022 minimum 260 Mio USD Umsatz!  

10 Signs your stock is being manipulated Trifft dir letzten Tage und Wochen ganz gut auf PYR zu ....

https://ww­w.griproom­.com/fun/1­0-signs-yo­ur-stock-i­s-being-ma­nipulated  

PYR Signs Agreement with Tier One Global Aerospace 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/  

Additive Manufacturing: Other major players "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!  

Agreement with Rolls-Royce AM Powder 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  

AM Powder Markt

"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

 

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

New markets 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.­”  

Elon Musk - The Boring Company 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  

Übernahme AirScience Technologies

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 .

 

Todays Market Activity

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.”

 

PYR Announces Successful Completion of AM NexGen 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.­  

Plasma Torch Production Equipment 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 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.­  

Aus Quarz wird Silithiumdioxid
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  

Ganz frisch ;-)
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 .  

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

Was die letzte Pressemitteilung bedeutet

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

 

Rio Tinto = Client A 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  

194 Millionen USD Pipeline 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  

3x 10 Tonnen Drosrite Systeme verkauft 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.