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PyroGenesis $PYR.ca Receives $345K Milestone Payment from RISE Energy Technology Center AB $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB

Posted by AGORACOM-JC at 8:41 AM on Monday, November 4th, 2019
  • Further to its previous press release dated October 17th, 2019, the Company has received a milestone payment of approx. $345K from RISE Energy Technology Center AB
  • Contract, originally announced last January, is for a 900-kW plasma torch system which was won in a competitive bid process.

MONTREAL, Nov. 04, 2019 – PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, announced today that, further to its previous press release dated October 17th, 2019, the Company has received a milestone payment of approx. $345K from RISE Energy Technology Center AB (the “Client”).

This contract, originally announced last January, is for a 900-kW plasma torch system which was won in a competitive bid process.

Following the success of the Factory Acceptance Test last month, PyroGenesis’ team performed the SAT of the high-power plasma torch at the Client’s facility in Sweden where the torch has been installed and operated under the Client’s parameters. This milestone payment is connected to the successful Site Acceptance Test (“SAT”) where the torch has been installed on the Client’s reactor, upon which a series of tests are now being conducted. A final payment is also expected towards the end of month once all tests are completed.

PyroGenesis’ 900-kW plasma torch is to be tested to replace fossil fuel burners in the iron ore induration (pelletization) process. Pelletization is the process in which iron ore is concentrated before shipment, thus significantly reducing the cost of transportation. In conventional technology, the process heat is provided by diesel/fuel burners. The combustion, in the burners, of natural gas, heavy oil and/or pulverized coal results in the production of greenhouse gases such as CO2. Plasma torches are therefore an environmentally friendly alternative.

According to management a typical pellet plant producing 10 million metric tonnes of pellets annually, emits approximately one million metric tonnes of CO21. The total world pellet production of 400 million metric tonnes of pellets corresponds to the production of about 40 million metric tonnes of CO2, and represents a potential market for torch sales in excess of $10B worldwide.

1 M. Huerta, J. Bolen, M. Okrutny, I. Cameron and K. O’Leary, “Guidelines for Selecting Pellet Plant Technology”, Iron Ore Conference 2015 Proceedings, Perth, WA, July 13-15, 2015

Separately, further to the Press Release dated October 9th, 2019, wherein it was disclosed that a $6.4M payment was expected within 2-4 weeks, the Company confirms that this the payment is still on schedule.

On a separate note, further to a Press Release dated September 18th, 2019, the Company provides the following additional information with respect to the agreement with Independent Trading Group (“ITG”). The agreement is for an initial term of three (3) months (the “Initial Term”), renewable for subsequent one (1) month terms (each an “Additional term”), unless PyroGenesis or ITG provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term. The Company has agreed to pay ITG a service fees of $5,000 per month, plus applicable taxes. There are no performance factors contained in the agreement between ITG and the Company, and ITG will not receive any shares or options from the Company as compensation for the services it will render.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes and products. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 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. Our 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. Our operations are ISO 9001:2015 and AS9100D certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. 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.otcmarkets.com. 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 TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

For further information please contact:
Rodayna Kafal, Vice President Investors Relations and Strategic Business Development, or
Clémence Bertrand-Bourlaud, Marketing Manager/Investor Relations,
Phone: (514) 937-0002, E-mail: [email protected]

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

Source: GlobeNewswire (November 4, 2019 – 8:35 AM EST)

PyroGenesis $PYR.ca Announces Final Signature Towards $20M Contract Disclosed Last June; $6.4M Payment Expected Within 2-4 Weeks $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB

Posted by AGORACOM-JC at 2:25 PM on Wednesday, October 9th, 2019
  • Business line behind the $20 million contract, plus subsequent years revenues is DROSRITE™
  • Client is Drosrite International LLC
  • This Contract meets PyroGenesis’ gross margin requirements
  • DI today announced that its client has received the final signature for aluminum dross processing services using DROSRITE™ systems, which in turn triggers an exclusive arrangement between DI and PyroGenesis

MONTREAL, Oct. 09, 2019 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, today announced that further to its press releases dated April 29th, 2019 and June 3rd, 2019, the business line behind the $20 million contract, plus subsequent years revenues (the “Contract”), is DROSRITE™, and the client is Drosrite International LLC (“DI” or the “Client”). This Contract meets PyroGenesis’ gross margin requirements.

DI today announced that its client has received the final signature for aluminum dross processing services using DROSRITE™ systems, which in turn triggers an exclusive arrangement between DI and PyroGenesis (View DI’s Press Release).

DI is a US based private company duly constituted and existing under the laws of the State of Delaware, providing state-of-the-art waste management technologies to the aluminum industry. DI is duly licensed by PyroGenesis to manufacture, market, sell and distribute DROSRITE™ systems and technology to the Kingdom of Saudi Arabia, and certain other countries in the Middle East, on an exclusive basis. All DROSRITE™ systems supplied by DI are manufactured in the USA.

As part of the exclusive arrangement between DI and PyroGenesis, DI will pay PyroGenesis approximately $20M within 12 months, plus $2.5 M per year (fixed) for the next two (2) years, plus a variable amount for the subsequent 18 years based on certain international benchmarks which we are targeting to be approx. $2.5M.

As a result of this payment schedule, PyroGenesis expects to receive a $6.4M payment towards this exclusivity arrangement within 2-4 weeks, and subsequent payments of, on average, approximately $3.4M/quarter over the next 12 months. Future payments are expected yearly in advance and quarterly as the case may be.

“DROSRITE™ is clearly the product of choice for those with a need to treat their dross,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “We are proud to see the DROSRITE™ technology being accepted by some of the leading primary smelters in the industry. We believe this news will have a profound effect in the marketplace, which will lead to many inquiries, and accelerate those discussions already taking place.”

Of note, PyroGenesis’ Japanese trading house tolling partner is not involved in this particular transaction as it was not part of the original strategy to move forward.

For more details on today’s news, please refer to Drosrite International’s Press Release.1

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes and products. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 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. Our 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. Our operations are ISO 9001:2015 and AS9100D certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. 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.otcmarkets.com. 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 TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

For further information please contact:

Rodayna Kafal, Vice President Investors Relations and Strategic Business Development, or
Clémence Bertrand-Bourlaud, Marketing Manager/Investor Relations,
Phone: (514) 937-0002, E-mail: [email protected]

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

1 http://www.globenewswire.com/news-release/2019/10/09/1927388/0/en/Drosrite-International-LLC-Announces-that-its-Mutually-Exclusive-Partner-Radian-Oil-Gas-Services-Company-Has-Signed-a-Major-DROSRITE-Contract-with-Ma-aden-Aluminum.html

INTERVIEW: PyroGenesis $PYR.ca Discusses Recently Awarded $20M (Approx. First Year Revenues) Contract With Over $35M Subsequent Years Revenues $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB

Posted by AGORACOM-JC at 9:26 AM on Monday, June 10th, 2019

Further to the Press Release dated April 29th, 2019, the company has been awarded a contract of approximately $20M (first year revenues), plus a net present value (using a 5% discount rate) of all subsequent year’s revenues of $35M, giving the Contract a total value of over $55M.

Peter Pascali, President and CEO of PyroGenesis joins us to discuss the contract and exactly what it means for the company.

Sit back and relax, grab a coffee, let us know what you think.

REPEAT: PyroGenesis $PYR.ca Awarded $20M (Approx. First Year Revenues) Contract With Over $35M Subsequent Years Revenues

Posted by AGORACOM-JC at 9:23 AM on Tuesday, June 4th, 2019
  • Awarded a contract of approximately $20M (first year revenues),
  • plus a net present value (using a 5% discount rate) of all subsequent year’s revenues of $35M,
  • Gives the Contract a total value of over $55M.

MONTREAL, June 04, 2019 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, today announced, further to the Press Release dated April 29th, 2019, that it has been awarded a contract (“Contract”) of approximately $20M (first year revenues), plus a net present value (using a 5% discount rate) of all subsequent year’s revenues of $35M, giving the Contract a total value of over $55M. For competitive reasons, the client and the business line cannot be disclosed at this time, other than to say it is not military-related. However, we except that both will be announced once the Contract is signed.

What now remains is a site visit under normal due diligence, which the Company has passed on numerous occasions with other very discerning clients. Management expects this to be completed shortly.

“This is indeed a watershed moment in PyroGenesis’ history. It is the single largest contract that the Company has been awarded,” commented Mr. P. Peter Pascali, President and CEO of PyroGenesis. “With the revenues from this Contract, we do not foresee raising capital for working capital purposes in the foreseeable future as the Company, with this Contract, which is cash flow positive from the start, will be profitable.”

As previously disclosed, the Company does not need additional infrastructure or personnel to complete this Contract.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes and products. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 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. Our 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. Our operations are ISO 9001:2015 and AS9100D certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. 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.otcmarkets.com. 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 TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

For further information please contact: Clémence Bertrand-Bourlaud, Marketing Manager/Investor Relations, Phone: (514) 937-0002, E-mail: [email protected]  

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

PyroGenesis $PYR.ca Awarded $20M (Approx. First Year Revenues) Contract With Over $35M Subsequent Years Revenues

Posted by AGORACOM-JC at 4:29 PM on Monday, June 3rd, 2019
  • Further to the Press Release dated April 29th, 2019, that it has been awarded a contract of approximately $20M (first year revenues), plus a net present value (using a 5% discount rate) of all subsequent year’s revenues of $35M, giving the Contract a total value of over $55M.
  • For competitive reasons, the client and the business line cannot be disclosed at this time, other than to say it is not military-related. However, we except that both will be announced once the Contract is signed.

MONTREAL, June 03, 2019 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, today announced, further to the Press Release dated April 29th, 2019, that it has been awarded a contract (“Contract”) of approximately $20M (first year revenues), plus a net present value (using a 5% discount rate) of all subsequent year’s revenues of $35M, giving the Contract a total value of over $55M. For competitive reasons, the client and the business line cannot be disclosed at this time, other than to say it is not military-related. However, we except that both will be announced once the Contract is signed.

What now remains is a site visit under normal due diligence, which the Company has passed on numerous occasions with other very discerning clients. Management expects this to be completed shortly.

“This is indeed a watershed moment in PyroGenesis’ history. It is the single largest contract that the Company has been awarded,” commented Mr. P. Peter Pascali, President and CEO of PyroGenesis. “With the revenues from this Contract, we do not foresee raising capital for working capital purposes in the foreseeable future as the Company, with this Contract, which is cash flow positive from the start, will be profitable.”

As previously disclosed, the Company does not need additional infrastructure or personnel to complete this Contract.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes and products. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 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. Our 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. Our operations are ISO 9001:2015 and AS9100D certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. 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.otcmarkets.com. 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 TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

For further information please contact: Clémence Bertrand-Bourlaud, Marketing Manager/Investor Relations, Phone: (514) 937-0002, E-mail: [email protected]  

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

PyroGenesis’ $PYR.ca CEO Increases his Ownership in PyroGenesis by Approximately 2.5% in Private Transaction

Posted by AGORACOM-JC at 10:16 AM on Friday, May 31st, 2019
Pyr header 1
  • Announced that the CEO, Mr. Photis Peter Pascali, had increased his beneficial ownership in the Company to 52.82% from 50.37%, an increase of approximately 2.5%.

MONTREAL, May 31, 2019 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) a Company that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, wishes to clarify today, due to numerous inquiries, the transaction that took place yesterday wherein it was announced that the CEO, Mr. Photis Peter Pascali, had increased his beneficial ownership in the Company to 52.82% from 50.37%, an increase of approximately 2.5%.

As this transaction involved the CEO, a significant investor in the Company, the Company was obliged to issue an early warning report which regretfully has caused confusion.

In the transaction, Mr. Pascali acquired 3,385,715 Common Shares, plus Warrants for C$1,862,143.25.

The Company would like to clarify the fact that this was not a private placement, no money was received by the Company and no new shares or warrants were issued by the Company.

It was announced that Mr. Pascali acquired the Common Shares and Warrants for investment purposes and may, from time to time, acquire or dispose of ownership or control or direction over some or all of the existing securities or over additional securities of PyroGenesis.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes and products. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 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. Our 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. Our operations are ISO 9001:2015 and AS9100D certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. 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.otcmarkets.com. 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 TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

For further information please contact: Clémence Bertrand-Bourlaud, Marketing Manager/Investor Relations, Phone: (514) 937-0002, E-mail: [email protected]  

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

PyroGenesis $PYR.ca Provides Interim Report to HPQ Silicon Resources; GEN2 Attains Significantly Higher Silicon Metal Production Yield $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB

Posted by AGORACOM-Eric at 11:30 AM on Thursday, April 25th, 2019
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564601/hub/PYR_header_1.png
  • Provided interim progress report to HPQ Silicon Resources highlighting GEN2’s significantly higher silicon metal production yield
  • A new operational parameter that increases the Pure Silicon Metal Production Yield1 of the PUREVAP™ Quartz Reduction Reactor and (ii) a test using the GEN2 PUREVAP™ was completed

MONTREAL, April 25, 2019 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, today announced that it has provided an interim progress report to HPQ Silicon Resources (“HPQ”), highlighting GEN2’s significantly higher silicon metal production yield.

PyroGenesis informed HPQ that (i) the technical team identified a new operational parameter that increases the Pure Silicon Metal (Silicon Nugget) Production Yield1 of the PUREVAP™ Quartz Reduction Reactor and (ii) a test using the GEN2 PUREVAP™ was completed which together provided the following information:

  1. The PUREVAP™ reactor can be modified from a stationary reactant2 mixtures load to a dynamic one, without affecting other key operational parameters of the reactor which, as a result, improves production yield significantly;
  2. That changing the reactant mixture load to a dynamic flow positively affects Production Yield;
  3. That it is feasible to modify the GEN3 PUREVAP™ Pilot Plant to integrate these advantages into the new design.

IMPROVING REACTANT FLOW IN THE REACTOR SIGNIFICANTLY IMPROVES PRODUCTION YIELD

The scope of the potential of the new parameter became apparent when the test produced the largest single individual silicon nuggets of all tests to date; weighing ~ 6.5 grams.

REACTOR MODIFICATION MORE THAN DOUBLES SILICON METAL NUGGET (PURE SILICON) PRODUCTION YIELD

Comparing3 the 3.3% pure silicon nugget production yield of test #14 to the 7.0% pure silicon nugget production yield obtained by test M-001 validated the modification potential. Further tests will be needed to optimize the process and its operation, but the results clearly indicate that pure silicon production yield more than doubled with the modification. Producing 4N+ silicon with the PUREVAP™ assumes a 90%+ production yield at commercial scale. These results are part of our trendline that indicate that we are on the right track to reach that goal with our GEN3 PUREVAP™ Pilot Plant.

“It has always been important to maintain or improve production yield while scaling up to a commercial system,” said Mr. Pierre Carabin, Chief Technology Officer and Chief Strategist of PyroGenesis. “Being able to improve it, with results such as today’s, and thereby further mitigating the risk of the project, is a significant achievement in itself, and it validates the decision to proceed with the GEN2 middle step. We have ticked off another box in our goal to create both a low cost and green metallurgical approach to producing solar grade silicon metal.”

GEN2 PUREVAP™ QRR CONTINUES TO BE AN INVALUABLE BENCH TEST PLATFORM

These latest results confirm the strategic decision to incorporate the GEN2 as a middle step towards the GEN3 pilot plant. It provides us the ability to immediately test new concepts and design modifications using the GEN2 PUREVAP™ platform while the GEN3 PUREVAP™ pilot plant is being assembled. This unique proposition not only reduces the risk profile of the project, but it also reduces the project commercial validation timeline. It is also extremely cost effective since tests done using the GEN2 R&D platform are substantially less expansive then they would be if the tests were done using the GEN3 PUREVAP™ pilot plant.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes and products. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 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. Our 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. Our operations are ISO 9001:2015 and AS9100D certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. For more information, please visit www.pyrogenesis.com

INTERVIEW: #TSX Venture 50 Company PyroGenesis $PYR.ca Announces Spin Out Of #3D Printing Division & Uplisting $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB

Posted by AGORACOM-JC at 4:35 PM on Tuesday, April 16th, 2019

PyroGenesis is one of Canada’s greatest small cap technology companies, with several successful divisions that are succeeding both globally and at the highest levels of business.  The common denominator for each of them is the company’s plasma torch technology.  For example, 2 US Aircraft Carriers (and 2 more on the way) have integrated Pyro’s plasma torch technology for environmental applications.  At $13 Billion per carrier now, one can only imagine the hyper-stringent hoops PyroGenesis had to pass – which puts their technology at the world class level.

In addition to other equally impressive applications, the company’s 3D printing (additive manufacturing) division has also achieved great success in the past year, culminating with a mutually exclusive partnership agreement with Aubert & Duval, a subsidiary of the ERAMET Group with 2017 sales of approximately $CDN 5.4 Billion and assets of approximately $CDN 4.9 billion.  For over 100 years, Aubert & Duval has been a world leader in industrializing high-performance steel, super alloy, aluminum and titanium alloys.  More specifically, they are a recognized supplier of metal powders for additive manufacturing, serving the Aerospace, Energy, Transport, Medical, Defense, Automotive and other large scale, demanding markets.

Just recently, for the second year in a row, the company was nominated for materials company of the year at the 3D printing awards.

Today, PyroGenesis announced the spinout of its 3D printing division in order to unlock value for shareholders and become more attractive to institutional investors that are strictly focused on 3D printing.  In addition, the company believes that uplisting will also make both the new company and the existing company more attractive to institutional investors that are precluded from investing on junior exchanges.

We were proud to sit down with CEO, Peter Pascali, and discuss all the benefits and implications of this major development.  Grab your favourite drink, sit back and watch this great interview! 

2018 Tax Loss Selling Stock-Picking Contest

Posted by AGORACOM-JC at 8:07 AM on Tuesday, December 18th, 2018

Tax loss selling season is upon us once again and you know what that means … George vs Allan Stock Picking Contest!! In this special episode, George and Allan give their Top 5 Tax Loss Selling Candidates (+ 1 Bonus Pick) that are most likely to provide a pop to their portfolios by January 30, 2019. There is a lot on the line in the wager between the two, with each providing completely different picks from the other and some great potential trades for viewers.

*NOTE – Due to a family emergency in February, Allan and I weren’t able to post our contest closing video with the results. However, the final results were as follows:

George + 40.2% (Winner)

Allan + 19.74%

Pretty damn good returns by both of us for 45 days!