PYR: TSX-V
TSX Venture Exchange chooses PyroGenesis to be included in the Exclusive TSX Venture 50®
WHY PYROGENESIS?
- Q3-2017 Cash Flow Positive on EBITDA (Modified) Basis;
- Revenues Increase by 7%;
- Positive Gross Margin of 57%;
- Current Backlog $7.41MM
- Traditional lines of business are poised to contribute significantly to bottom line
- Over $13.5MM in contracts signed
- Clients include: U.S Air Force, U.S NAVY, Canada Natural Resources
- Nominated to the shortlist for “Materials Company of the Year†at the 3D Printing Industry Awards 2018.
LINES OF BUSINESS
Powder Production:
- Received certification for the production of metal powders under a quality management system which complies with the requirements of ISO 9001:2008
- Certification is an amendment to the Company’s existing ISO certification
- Pertains specifically to metal powder production
- Was received under the auspices of a major independent risk and standards company; SAI Global.
- During the ramp-up, the following were also achieved:
- Six NDA’s signed with distributors and 3D printer manufacturers
- Three NDAs being negotiated with multinational aircraft engine manufacturers, at their request
- Exclusive distributorship under negotiation in Asia
- Received six sample orders for metal powder, of which five have been delivered to date
- Adjusted process for other metal powders (i.e. Inconel)
- Developed new, potentially game changing, intellectual property; Patent applications progressing as expected
DROSRITE™: – System is a salt-free, cost-effective, sustainable process for maximizing metal recovery from dross, a waste generated in the metallurgical industry. The patented process avoids costly loss of metal while reducing a smelter’s carbon footprint and energy consumption, providing an impressive return on investment.
Market potential for PyroGenesis’ DROSRITE™ system, from Aluminium dross alone, exceeds $400MM.
- Furnace System proven out at a North American customer’s Mexican facility
- Soon thereafter, a successful demonstration of the DROSRITE™ System in the Middle East took place
- Unsolicited request to exclusively market the process in the region was received and is currently being discussed
- Received a purchase order in the amount of US$ 800,000 for the sale of a second DROSRITE™ Furnace System to a North American automobile parts manufacturer
- Expected to have at least 3 orders placed and delivered
HPQ:
Contracts totalling $8,260,000 signed with HPQ Silicon Resources
- Announced Commencement of Advanced Second Phase Lab Scale Testing with HPQ Totalling CAN$170,000 which has been Received
- The start of this new metallurgical testing program using the Gen 2 PUREVAP™ represents major de-risking of the Pilot Plant program as the Gen 2 PUREVAP™ will:
- Allow for specific process design improvements and modifications derived from Gen 1 PUREVAP™ test work to be implemented and perfected;
- Produce larger Silicon Metal (Si) samples to test improvements to the purification process;
- Allow an intermediate step in scaling up to the Pilot Plant, thereby mitigating the scaling up risk;
- Allow for the following milestones to be reached sooner than originally planned:
- Producing larger Si samples for testing by potential purchasers;
- Allow HPQ and PyroGenesis to test the electrical parameters of the High Purity Si;
- Produce enough material to send samples to solar industry participants;Â and
- Provide data to demonstrate the economics of PUREVAP™ technology.
- HPQ Silicon Resources signed a development agreement with Apollon Solar, a solar silicon specialist.
Chemical Warfare Destruction System:
Tests supported the Defense Advanced Research Projects Agency (DARPA) Agnostic Compact Demilitarization of Chemical Agents (ACDC) program
- Successfully completed long-duration performance tests using the Company’s tactical Plasma Arc Chemical Warfare Agents Destruction System (“PACWADS”) using surrogate chemical warfare agent material
- Far exceeded minimum requirements with over 99.9999% destruction efficiency.
- PACWADS is now scheduled to go through final testing using real chemical warfare agents by the US Military).
Other Contracts:
- Other contracts being discussed (such as a third order for a PAWDS for a New US Aircraft Carrier which is expected to be ordered in 2018 with an estimated value of approximately $6MM; SPARC system sales, amongst others)
Clients Include:
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