Posted by AGORACOM-JC
at 7:20 AM on Monday, July 8th, 2019
Entered into a multi-pronged cooperation agreement with Airmedic Inc.
Consisting of the integration of Star’s STAR-ISAMM™ System into the operations of Airmedic’s expanding helicopter and fixed-wing based Emergency Medical System Services.
TORONTO, July 08, 2019 – Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) (“Star†or the “Companyâ€) announces that the Company has entered into a multi-pronged cooperation agreement with Airmedic Inc., consisting of the integration of Star’s STAR-ISAMM™ System into the operations of Airmedic’s expanding helicopter and fixed-wing based Emergency Medical System (“EMSâ€) services.
The parties will subsequently extend their cooperation to the
STAR-LSAMM™ System for ground ambulances, eventually providing a
complete and seamless electronic medical transport system.
Star and Airmedic will be offering the STAR-ISAMM™ System as part of
the Helicopter Emergency Medical Services (“HEMSâ€) system. STAR-ISAMM™
interfaces with existing bio-medical monitoring equipment on-board. It
securely transmits the patients’ vital signs and other critical
information directly to receiving hospital physicians, while at the same
time providing tracking, location, and Estimated Time of Arrival of the
vehicle. The patient, upon arrival at the aircraft, becomes part of the
care environment, well before reaching the hospital.
J-L Larmor, V.P. Corporate Development at Star, said:
“The STAR-ISAMM™ and STAR-LSAMM™ Systems provide a unique opportunity
to increase the efficiency and quality of EMS services over vast
regions, as well as locally, whether air- or ground-based. We are
extremely happy to enter into this new collaboration with an experienced
and innovative airborne EMS specialist. In addition, the growing
Airmedic fleet is based on excellent aircraft and helicopters that play a
major role in the EMS market sector.â€
About Star Navigation:
Star Navigation Systems Group Ltd. owns the exclusive worldwide
license to its proprietary, patented In-flight Safety Monitoring System,
STAR-ISMS®, the heart of the STAR-A.D.S. ® and of the STAR-ISAMM™
Systems. Its real-time capability of tracking performance trends and
predicting incident-occurrence enhances aviation safety and improves
fleet management while reducing costs for the operator.
Stars’ M.M.I. Division designs and manufactures high performance,
mission critical, flight deck flat panel displays for defence and
commercial aviation industries worldwide. These displays are found on
aircraft and simulators, from C-130 aircraft, to Sikorsky and Agusta
Westland helicopters, as examples.
Stars’ subsidiary, Star-Isoneo Inc., is a specialised software firm,
developing complex solutions in engineering, simulation and development
for Canadian customers. Star-Isoneo works closely with Star in the
development of the Company’s MEDEVAC (STAR-ISAMM™ and STAR-LSAMM™)
applications of the patented STAR-A.D.S. ® technology, and on its
current R&D program with Bombardier.
About Airmedic Inc.:
Airmedic is the only private company in Quebec that operates its own
airplane and helicopter fleet exclusively dedicated to providing
emergency medical services and inter‑hospital transport. It operates a
state-of-the-art Emergency Call Centre 24/7/365 thanks to the commitment
of its 150 specialized employees. Its emergency medical team’s mission
is to provide rapid response and care to all Airmedic members by
providing plane and helicopter transportation to the nearest appropriate
medical facility. It is the first company offering emergency airborne
medical services to obtain Transport Canada certification authorizing
night flight thanks to its night vision goggles.
Certain statements contained in this News Release constitute
forward-looking statements. When used in this document, the words “mayâ€,
“wouldâ€, “couldâ€, “willâ€, “expected†and similar expressions, as they
relate to Star or its management are intended to identify
forward-looking statements. Such statements reflect Star’s current views
with respect to future events and are subject to certain risks,
uncertainties and assumptions. Many factors could cause Star’s actual
performance or achievements to vary from those described herein. Should
one or more of these factors or uncertainties materialize, or should
assumptions underlying forward-looking statements prove incorrect,
actual results may vary materially from those described herein as
intended, planned, anticipated, believed, estimated or expected. Star
does not assume any obligation to update these forward-looking
statements, except as required by law.
Neither the Canadian Securities Exchange nor its Market Regulator
(as that term is defined in the policies of the Canadian Securities
Exchange) accepts responsibility for the adequacy or accuracy of the
content of this release.
Please visit www.star-navigation.com or contact
Jean-Louis Larmor, V.P. Corporate Development of STAR and President of Star-Isoneo Inc. (514) 290 – 1919
Posted by AGORACOM-JC
at 10:04 AM on Thursday, July 4th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
—————-
4 crypto trends for the next 5 years
Not long ago, only a handful of accountants dealt in cryptocurrency.
Now, just a few years later, every major financial news outlet dedicates
a portion of its coverage to crypto. Times have changed quickly, so
what will the crypto accounting industry look like in five years and
beyond?
Consider the following four trends in crypto accounting and how they will affect CPAs.
1. Increased automation
As cryptocurrencies further infiltrate the public consciousness,
traditional accounting services will automate more of their work to keep
up with the increased workload. Spreadsheets work well enough for fiat
transactions, but in the volatile crypto environment, static tools can’t
effectively serve anyone with a serious investment in alternative
currencies.
Average consumers today can do their taxes online
through services like TurboTax and H&R Block. Businesses and complex
individual situations require personalized care, but standard programs
can handle the load for most people. Tax programs don’t need to offer
advanced functionality just yet — a few equations on the back end do a
fine job.
But cryptocurrencies make things more complicated.
Accountants need automated tools to track increased crypto complexity,
like cost basis. Without smarter software, experts in the financial
services industry won’t be able to keep up with higher sophistication at
scale. Tax software providers will eventually offer new and highly
automated services for crypto investors, and consumers will pay for
those services using their crypto investments.
AI accountants
Accounting experts will use smarter tools to help their corporate
clients and major investors make better decisions. But the public won’t
need real accountants for their simple crypto investments; they’ll
simply turn to artificial intelligence tools that minimize human
interaction in most accounting scenarios.
The future will see
consumers interact with intelligent AI, machine learning, and bots
capable of natural language processing. Challenging concepts like crypto
cost basis, which can confuse even the sharpest accountants, pose
little threat to intelligent software. Accountants will still have a
place in the world, but their duties will evolve drastically as crypto
demands bring widespread change in the financial industry.
Not
everyone will feel comfortable doing taxes through AI. Accountants will
need to lean on automated tools of their own to keep pace, but
enterprise clients, heavy investors, and people suspicious of advanced
tech will continue to prefer the human touch. With more money going
toward nicer tools and less money going toward human intermediaries,
accountants must specialize and adapt to stay relevant.
3. Knowledge enrichment
Schools and universities will soon offer programs and specialty courses
to educate future accountants, bookkeepers, and CPAs on the intricacies
of crypto. Few schools today offer such services, but the more prominent
cryptocurrencies become, the greater the need will be for new
accountants to understand the rules of digital currency.
Some businesses already offer services to certify accountants
as crypto tax experts, but schools will remain the top trainers in the
accounting world. By educating students before they begin their careers,
universities can prepare graduates to operate effectively in an
industry with broad new responsibilities and expectations. Businesses
and crypto organizations will need new accountants who understand their
evolving needs.
For accountants already out of school, options
for continuing education will evolve from useful to essential. More
crypto trading means more crypto investors and crypto companies. Those
entities need experts who understand the cryptocurrency landscape. If
experienced accountants fail to adapt, fresh faces will gladly take the
business.
4. Updated regulatory standards
Where crypto regulation used to be nonexistent, legislators have
actually made some limited progress. The SEC now has more oversight to
shut down illicit initial coin offerings (ICOs), and the IRS clarified
that cryptocurrencies are property, not currency — at least for now.
But
the more that crypto changes, the more regulations will change with it.
Every business that deals with cryptocurrency will encounter newer,
more robust laws in the years to come. Soon every company and project
that deals with crypto will need an accountant (or accounting service)
with crypto experience to help navigate the unknown.
As new laws
get passed, businesses will invest more heavily in smarter crypto
accounting solutions. Artificial intelligence and machine learning will
do the heavy lifting while human accountants interpret that data to help
executives make smarter business decisions. More technology startups
will emerge to cater to this growing audience. Before long, crypto
accounting will become an industry unto itself.
These changes may seem like far-off concerns for another year, but crypto accounting — like cryptocurrencies themselves — moves quickly. Expectations and the tools to meet them become more complex and sophisticated each day. Accountants must stay vigilant to keep up with the times, or they risk losing ground to a new generation of crypto-savvy competitors. Â
Posted by AGORACOM-JC
at 10:46 AM on Tuesday, July 2nd, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
Is Google Chasing The 90% Potential Of Blockchain That Facebook Left Out?
Regardless of your viewpoint on Facebook’s Libra program, it’s a significant stepping stone for the adoption of cryptocurrency
Facebook has it is repertoire a bank of over two billion users who will soon be exposed to the world of tokens and cryptocurrency
Regardless of your viewpoint on Facebook’s Libra program,
it’s a significant stepping stone for the adoption of cryptocurrency.
Facebook has it is repertoire a bank of over two billion users who will
soon be exposed to the world of tokens and cryptocurrency.
However, outside of tokenomics, there is a lot more power in the blockchain, especially in regards to smart contracts. Thus, a recent partnership
between Google and Chainlink, a company that provides on ramps and off
ramps for information necessary to run smart contracts, may hint at
Google wanting a bigger slice of the pie.
So far in the blockchain and cryptocurrency space, it has been tokens
that have dominated in terms of usefulness. Bitcoin, as a prime
example, is a blockchain token that has shown the most application, and
garnered the most excitement from individuals.
This tokenized economy opens massive doors in terms of the transfer
of value without the need for intermediaries, or the handbrake that
banking regulations bring in, but it is only one piece of the pie.
In this nascent space, there are tokens, and then there is the
blockchain proper with its smart contract applications offering huge
potential. For enterprises and business, smart contracts offer far more
than tokens can – but tokens are far more attractive for individuals.
Facebook, as a company serving individuals, is looking at
taking tokens forward, but Google may well be looking to the
enterprises. By honing in on smarter smart contracts, Google could well
be tapping into the other 90 percent of blockchain’s potential.
Looking to make smart contracts smarter
Google’s decision to partner with Chainlink allows for Ethereum app
builders using Google software to be able to integrate data from sources
outside the blockchain.
Chainlink offers a service called an oracle
to integrate additional data into on-chain smart contracts. This adds
another layer to the capabilities of these contracts, allowing processes
to be implemented directly on the blockchain.
Essentially, the smart contracts are being made a lot smarter as the
data used to execute can be integrated from more than just within the
blockchain. It is a small step for Google, but it could be hinting at
their general heading in the blockchain space.
Chainlink CEO, Sergey Nazarov, spoke to Forbes about the value of smart contracts in the blockchain space.
“Our space is stuck in two dimensions. One is that we are really
focused on tokens because tokens are the only real functionality
blockchains have, to date,” Nazarov said.
“It is very useful functionality, and from the amount of attention
that one simple piece of functionality has gotten, it says a lot of
really positive things about what other contracts can be viewed as.”
“Tokens are the email of our space, and I think all the other
applications require a certain amount of infrastructure. The idea is
that to build useful applications we need to be able to connect them to
what they need to consume, and what they need to generate.”
“So, for the people at Google, they are looking at the two
directions. One direction is heavy tokens, which is fine, and then the
other direction asks: ‘what else can blockchains do?’ and my sincere
opinion is that tokens are maybe 10 percent of what this stuff can do.”
“I think the difference between Facebook and Google is that Facebook
may have a real interest in payment and crypto stuff, but Google may
have an interest in building these highly useful contracts by building
useful infrastructure to make that possible.”
Google catching up
Google, as one of the world’s leading technology companies, has been
viewed as somewhat behind the eightball in the blockchain space. In
comparison to IBM, Microsoft, Facebook, Amazon, and the likes, Google is
playing catch up.
However, Nazarov confirms that there is a growing interest from the internet giant.
“There are people in Google that are very interested in blockchain,”
he added. “The thing with Google is that it is very focused, and they
have their systems and processes that lead them to success in a focused
way. There are people in Google, and official positions, that I know of
that are related to blockchains – and I have seen an increase in that
since a year ago.”
With Google taking a more active role in the blockchain space, their
focus looks to be enterprise-based, and on what blockchain can do
besides offering tokens.
Nazarov goes on to explain that in the world of contracts, only 10 to
20 percent make up an exchange of value. It means that there is a
gaping hole of blockchain potential that needs to be realized.
“Think about how this looks from an enterprise point of view,”
Nazarov said. “Realistically, all the contracts – financial contracts –
in the world, 10 -20 percent is about ownership and transfer. That
covers tokens, which is all very useful in itself, but it also shows
that a reliable method of doing that is extremely valuable.
“Then the question becomes – ‘if all we can do today is ownership’ –
what is the other 80 percent in contracts? And the other 80 percent is
what we are talking about. What we work on is trying to get that other
80 percent to function, and for that, we need to work on more than
application, we need to build an environment for the application to
exist in.”
An efficient blockchain environment
Nazarov uses an example of Uber to express how building this
application environment can make things better for enterprises, and
again hints at why Google is interested in partnering with Chainlink.
In Uber, there is a mapping application which needed to be integrated
for the driver; there is the need for messaging between drivers and
customers; there is a payment application for both customers and to pay
drivers. All of these applications operate within the Uber app, but they
were all not created by Uber.
In other words, the Uber environment houses many applications. And,
in the blockchain space, with smart contracts that have the power to
reach data from sources outside the blockchain, an enterprise
environment is far more natural to build, and a lot more efficient.
A complex heading
Of course, there is no set roadmap from Google indicating that they
are looking to be the leaders in functional, enterprise smart contract
blockchain. However, their heading does seem to be more focused on the
other 90 percent of blockchain potential.
Chainlink is trying to make smart contracts smarter, and more useable
in common sense. If Google is looking to partner with them for their
work, they must have a desire to be a part of that potential.
Posted by AGORACOM-JC
at 8:44 AM on Thursday, June 20th, 2019
Announced that it has received a $3.64M purchase order for a non-military land-based waste treatment system, together with the first payment.
Client and geographic area will remain confidential for competitive reasons.
Delivery is scheduled to be in Q2, 2020.
MONTREAL, June 20, 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 it has received a $3.64M purchase order for a non-military land-based waste treatment system (the “Systemâ€), together with the first payment. The Client and geographic area will remain confidential for competitive reasons. We expect to provide more details within the next two (2) months.
Delivery is scheduled to be in Q2, 2020.
“This sale is significant as it is the first non-military waste treatment System sold by PyroGenesis and signifies an important first step into this new market,†said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “We fully expect that this will be the first of many systems ordered by the Client who will benefit, upon reaching a certain milestone, from a limited territorial exclusivity. This contract, together with signed backlog, recently announced contract award, and the imminent US Navy contract for $13.5M, portends to a backlog of over $40M, which must be addressed within the next 18 months, come September. This does not include the $35M of backlog in subsequent years. It is a very exciting time for the Company.â€
Of note, PyroGenesis’ land-based waste System transforms waste to
syngas, a gaseous fuel which can then be used to make electricity, heat,
or fuels, as required by the end-user. Using PyroGenesis’ System, the
inorganic fraction of the waste is converted into a glassy slag which is
inert, non-toxic, and has been demonstrated to be suitable as a
building material, and even jewelry.
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.
Tags: PyroGenesis, small cap stocks, stocks, tsx, tsx-v Posted in PyroGenesis Canada Inc. | Comments Off on PyroGenesis $PYR.ca Announces $3.64M Non-Military Land-Based Waste Treatment System Sale; First Payment Received $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB
Posted by AGORACOM-JC
at 1:22 PM on Wednesday, June 19th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
Industry bigwigs explain ‘blockchain’ in as few words as possible
The blockchain and cryptocurrency industry is always changing.
At this year’s annual TNW conference, Hard Fork took the opportunity
to ask a number of industry experts to explain blockchain in as few
words as possible. We hoped to get a bit of insight into how the tech is
developing and what the industry currently makes of it.
Here’s what they said:
1. “Blockchain is a chain of blocks. That’s the definition, anything
else is wrong.†– João Almeida, co-founder and CTO of Opennode – the
Bitcoin payments system that recently helped Lil Pump’s merch store accept Bitcoin.
2. “Blockchain is the freedom to trade.†– Kirill Suslov, the CEO and co-founder of cryptocurrency trading platform TabTrader.
3. “Blockchain is a hash-linked data format.†– Francis Pouliot, CEO of Canadian Bitcoin company Bull Bitcoin.
4. “A new technology enabling us to take the control and governance of information from the few, and to the many.†– Jessi Baker from Provenance, a firm using blockchain to make supply chains more transparent.
5. “Blockchain is simple, take a bunch of transaction, record them as
a unique block, and link all these blocks together.â€â€“ Ricardo Mendez,
the European technical director from Samsung’s emerging tech investment
arm, Samsung NEXT.
The take away?
There is some consistency in what is being described here.
Interestingly though, all the people Hard Fork asked steered clear of
the common buzzwords that tend to accompany blockchain in the media.
Blockchains are often described as being immutable, tamper-resistant, and decentralized. However, with private permissioned systems being the preferred type of blockchain for institutional use, these buzzwords aren’t always so applicable.
It seems too, that blockchain’s definition is, from this small sample
at least, broadening so that it can include all kinds of distributed
databases and applications with varying levels of decentralization.
Baker’s response also highlights the undeniable politic that’s associated with the decentralized tech too.
We’ll have to remember that when someone says blockchain, what they mean specifically, isn’t always that simple or universal.
Posted by AGORACOM-JC
at 8:50 AM on Monday, June 17th, 2019
Provided an interim report to HPQ Silicon Resources, confirming that the PUREVAP™ process can significantly reduces the cost of making silicon metal by lowering raw material costs.
One of PUREVAP™ process’ unique advantages is its capacity to use low cost highly reactive carbon sources, and convert them into high purity silicon metal.
MONTREAL, June 17, 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 it has provided an interim report to HPQ Silicon Resources (“HPQâ€), confirming that the PUREVAP™ process can significantly reduces the cost of making silicon metal by lowering raw material costs.
PUREVAP™ PROCESS PROPRIETARY ADVANTAGE: USING LOW COST CARBON
One of PUREVAP™ process’ unique advantages is its capacity to use low
cost highly reactive carbon sources, and convert them into high purity
silicon metal. In comparison, conventional processes available on the
market are using expensive higher purity carbon sources. This advantage
allows the PUREVAP™ process to significantly reduce the cost of making
silicon metal.
Depending on the producer, making metallurgical grade silicon metal
(98.0% to 99.5% silicon) in 2018 with a conventional process can cost
between US $1,450-2,000/MT1. More than 40% of that cost2 is directly
attributable to the 6+ metric tonnes of raw material (silicon dioxide
and reductant) needed to produce 1 MT of metallurgical grade silicon
metal 3. The carbon reductant used in those processes accounts for 30%
of total cost3. From that cost, 10% accounts for woodchip, and 20% for
carbon, the latter being twice as expensive.
Therefore, having a process that uses less feedstock to make 1 MT of
metallurgical grade silicon metal and allows the substitution of costly
high purity reductant with readily available lower cost material would
make the process more economically viable, and that is what PUREVAP™
offers.
GEN2 TESTING RESULTS: PUREVAP™ ABLE TO PRODUCE COMMERCIALLY VIABLE SILICON
During GEN2 testing, the Company decided to push the limits of the
project by using only one reductant, a highly reactive carbon source, in
the PUREVAP™ reactor. The results show that GEN2 PUREVAP™ is able to
produce commercially viable 99.73% silicon with 0.166% Fe and 0.0424%
Al, representing chemical grade metallurgical grade silicon metal.4
“Being able to produce chemical grade metallurgical grade silicon
underscores the versatility of the PUREVAP™ process and, as such, we
continue to de-risk the projectâ€, said Mr. Pierre Carabin, Chief
Technology Officer and Chief Strategist of PyroGenesis.
GEN3 PILOT PLANT WILL VALIDATE THE COMMERCIAL VIABILITY
Being able to use lower cost raw material represents significant
potential cost savings, however another significant outcome from this is
that, as a result, the PUREVAP™ process should only require 4.5 MT of
raw material5 (lower purity silicon dioxide and cheaper reductant) to
produce 1 MT of metallurgical grade silicon metal.
As more than 40% of the cost of conventional processes is directly
attributable to the 6+ metric tonnes of raw material (silicon dioxide
and reductant) needed to produce 1 MT of metallurgical grade silicon
metal3, it is possible to estimate that the PUREVAP™ process could cut
in half raw material cost, representing a 20% reduction in the cost of
making chemical grade metallurgical grade silicon metal. GEN3 pilot
plant testing will allow us to refine and validate these numbers at
commercial scale.
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.
1 CRU – Silicon Market Outlook – November 14 2018 (Page 17) 2 Ferroglobe_Investor_Day_Presentation__17_Oct_2017 (Page 40) 3 GSM_Investor_Presentation_-_March_2014 (Page 3) 4 Balazs™ NanoAnalysis – ICP OES (Inductively coupled plasma – optical emission spectrometry) analysis results 5 PyroGenesis efficiency estimation for the PUREVAP™ process
Tags: PyroGenesis, small cap stocks, stocks, tsx, tsx-v Posted in All Recent Posts, PyroGenesis Canada Inc. | Comments Off on PyroGenesis $PYR.ca Provides GEN2 Testing Report to $HPQ.ca Silicon Resources; Confirms PUREVAP™ Process Significantly Reduces the Cost of Making #Silicon Metal $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca
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.
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 (“Contractâ€) 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.â€
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.
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 (“Contractâ€) 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.â€
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.
