Stingray
2 weeks ago
https://finance.yahoo.com/news/pyrogenesis-contracts-global-mining-supply-110000162.html
MONTREAL, April 17, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce that it has entered into an agreement with a global leader in mining parts manufacturing (the “Client”) to assess the applicability of PyroGenesis’ fully electric plasma torches in the Client’s metal cast houses. As the Company announced in its recent year-end earnings report, the Company had been in advanced discussions with the Client. The Client’s name shall remain anonymous for competitive and confidentiality reasons.
The Client, a billion-dollar entity with facilities on five continents, is one of the world’s largest manufacturers of products that serve the mining and defense industries, amongst others.
This agreement outlines the steps necessary to generate relevant data from a PyroGenesis plasma torch test, in anticipation of having it possibly replacing burners in the Client’s legacy system that emits significant CO2. The Client, a significant carbon emitter, hopes this initiative will support its energy-transition/decarbonization goals and address an emissions problem facing the industry as a whole. PyroGenesis’ engineering team are confident that they will be able to propose a solution to this problem.
The test contemplated by this initial engagement should be completed within the next 10 weeks. Should the test prove successful, it is expected that the Client will move to step 2, which envisions producing a complete plasma torch-based system on-site to replace an existing fossil fuel burner. Such a system would include a PyroGenesis plasma torch as well as the accompanying manipulation/handling components. Step 2 would take approximately 6 months depending on the delivery time of a specific long lead item (the power supply) and generate approximately US$500,000-$1,000,000 in revenues to PyroGenesis. It is estimated that the industry has thousands of such burners in operation world-wide.
abrooklyn
7 months ago
Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2023
Commission File Number: 001-39989
PYROGENESIS CANADA INC.
(Translation of registrant's name into English)
1744, William St. Suite 200
Montreal, QC, H3J1R4
Canada
(Address of principal executive office)
On October 11, 2023, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
99.1 Press Release dated October 11, 2023
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
PYROGENESIS CANADA INC.
(Registrant)
Date: October 11, 2023 /s/ P. Peter Pascali
P. Peter Pascali
Chief Executive Officer
EXHIBIT 99.1
PyroGenesis Announces Successful Silicon “Pour” Validating all Critical Milestones
Client Can Now Start Planning to Transition to Commercial Production Plant with PyroGenesis Supplied Systems
MONTREAL, Oct. 11, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY), a high-tech Company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce that, further to the recent news release dated October 3, 2023, which provided updates to projects as part of the strategic engineering partnership with client HPQ Silicon (the “Client”), PyroGenesis’ engineering teams completed the milestone pour of silicon from the Purevap Quartz Reduction Reactor (QRR).
As a result, the work completed has now successfully validated 100% of the project's critical milestones, which include, but are not limited to:
Achieving 99.5% Silicon purity (2N+) from the outset, a level that exceeds the best commercially available purity threshold.
Scaling up production by 2,500X from PUREVAPTM Gen2 QRR.
Demonstrating the semi-continuous batch production capability of the reactor.
Completing a successful silicon pour.
Achieving one-step production of 3N+ Silicon or battery-grade Silicon.
Production of silicon using 25% less feedstock than conventional carbothermic processes that use a ratio of 6 tonnes (t) of raw materials to produce 1 ton of metallurgical grade silicon (MG Si – 98.5% to 99.5%).
With the achievement of the silicon pour, this phase of the project is now complete, setting the stage for transitioning to commercial production. Some final operational optimizations will be conducted to i) help ensure continuous run quality and ii) collect additional data which will be used to develop the final strategy for commercialization, specifically the determination of the number of Purevap QRR systems required to construct a full commercial plant.
Based on ongoing discussions with HPQ, collaborative preliminary assessments have revealed that a minimum of two initial reactors, each capable of producing 2,500 MT of high-purity silicon per year, are likely to be required – at a build cost to HPQ of at least $20 million each and PyroGenesis would be the engineering partner contracted to build these units. If realized, the project would represent a potentially large build order contract to PyroGenesis of approximately $40 million.
“In many ways, this silicon pour is the crowning achievement in the development of this QRR pilot plant,” said Mr. P. Peter Pascali, CEO of PyroGenesis. “This phase is now complete, and I personally would like to recognize the effort shown by our team of scientists and engineers who met and overcame all challenges and delays during this long process. We are, of course, also very happy for our client HPQ Silicon, as they now have final proof that this game-changing approach to the creation of high-purity silicon is ready for commercialization.”
PyroGenesis’ involvement in developing high-purity silicon from quartz is part of PyroGenesis’ three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. High-purity silicon is part of PyroGenesis’ Commodity Security & Optimization tier, where the recovery of viable metals and the optimization of production to increase output helps to maximize raw materials and improve the availability of critical minerals. Silicon has been identified as a critical mineral by many governments worldwide.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. 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 operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. For more information, please visit: www.pyrogenesis.com.
Cautionary and Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in the Company’s latest annual information form, and in other periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under the Company’s profile on SEDAR+ at www.sedarplus.com, or at www.sec.gov. These factors are not intended to represent a complete list of the factors that could affect the Company. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, 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.
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/
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a88f510-1777-465e-b6bb-d040e0c0de04
abrooklyn
7 months ago
PyroGenesis Signs Initial Order with Global Aerospace Firm for “Coarse Cut” Titanium Metal Powder for 3D Printing
Source: GlobeNewswire Inc.
PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a TSX30 and a Deloitte Canada Clean Technology Fast 50™ company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes, high quality plasma atomized metal powder for 3D printing, and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce that the Company has received a small signed order from a global aerospace firm (the “Client”). This order pertains to PyroGenesis’ plasma atomized titanium metal powders designed for 3D printing and is intended for one of the Client’s ongoing internal research and development programs. Unlike the recently announced contract for fine powder, this new order is for “coarse cut” metal powder, typically considered a by-product from the production runs that produce fine powders ranging from 20-45 µm (microns) in size.
The Client is the large global aerospace original equipment manufacturer (OEM) in the United States with whom the Company has previously disclosed our ongoing qualification process. The order was produced using the Company’s NexGen™ plasma atomization system and will soon be in transit to the Client.
“The significance of this order is the particle size distribution (PSD) that has been requested”, said Mr. P. Peter Pascali, CEO and President of PyroGenesis. “The PSD for this order is for our coarse cut titanium powder, in this case for powder between 45-150µm (microns), which we have been producing over the past year as we build our stock inventory. This contract recognizes what we believe is the superior overall quality of our powder and establishes a market for a larger percentage of our powder output, thereby improving our overall returns substantially.”
“With some traditional metal powder production processes, as the powder is created then filtered and separated into different cut sizes, the fine cut powder is removed for sale, with the remaining coarsest cut often considered of limited use, or even discarded as unsuitable,” said Mr. Massimo Dattilo, VP PyroGenesis Additive. “However, with PyroGenesis Additive’s NexGen™ plasma atomization system, the coarsest cut component of the production batch remains of such a high quality, that we store these powders as inventory for future sales. By selling both the fine and coarse cut of each powder production run, the Company’s yield percentage from raw material is greatly enhanced, which is in line with the Company’s broader mandate for commodity security and optimization.”
“Over the past several years, we designed, then readied, our new NexGen™ plasma atomization process with a goal to produce the highest quality metal powders in the additive manufacturing industry,” added Mr. Pascali. “PyroGenesis Additive has taken a cautious, methodical approach to its new production process. Now, with the full-scale commercialization underway, and a steady influx of initial orders, the long-term conservative strategy that has brought us to this point today is bearing fruit.”
The Company’s development of high quality titanium metal powders is part of the Company’s three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Metal powders is part of the Company’s Commodity Security & Optimization tier, where the recovery of viable metals, and the optimization of production to increase output, helps to maximize raw materials and improve the availability of critical minerals. Titanium has been identified as a critical mineral by the Canadian government.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. 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 operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. For more information, please visit: www.pyrogenesis.com.
Cautionary and Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in the Company’s latest annual information form, and in other periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under the Company’s profile on SEDAR+ at www.sedarplus.com, or at www.sec.gov. These factors are not intended to represent a complete list of the factors that could affect the Company. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, 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.
For further information please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
Phone: (514) 937-0002, E-mail: ir@pyrogenesis.com
Primary Logo
abrooklyn
7 months ago
PyroGenesis Signs $2.25 Million Plasma Torch Contract for PFAS Removal
Source: GlobeNewswire Inc.
PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a TSX30 and a Deloitte Canada Clean Technology Fast 50™ company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce the signing of a contract valued at US $1.65 million (approximately CA $2.25 million) (the “Contract”) from a U.S. corporation (the “Client”) geared to destroy Perfluoroalkyl and Polyfluoroalkyl Substances (“PFAS”) on behalf of a large operator of public water systems. The name of the Client will remain anonymous for confidentiality reasons. This Contract includes a 20% upfront payment totaling approximately US $380,000 (equivalent to approximately CA $516,800) which has been received.
PyroGenesis previously announced its involvement (Press Release dated October 28, 2021) in this very same project before subsequently suspending and discontinuing discussions (Press Release dated October 7, 2022) as, at the time, the project did not align with the minimum requirements of the Company’s global strategy. However, as a result of renewed interest from the project principles, and upon developing a different approach, the Client re-engaged with PyroGenesis and as such PyroGenesis will now supply a plasma torch system as a key destruction component of the overall solution build.
“As disappointing as it was to suspend our participation in the previous iteration of this project, we are happy that discussions have since developed that enable us to showcase PyroGenesis’ plasma torch capabilities when it comes to addressing the critical problems posed by PFAS. Of note, this is the second contract in recent weeks (totaling over $6 million), that will demonstrate the capabilities of PyroGenesis’ ultra-high temperature plasma torch,” said Mr. P. Peter Pascali, CEO of PyroGenesis. “Slowly but surely, PyroGenesis’ long-term approach to its various business segment is starting to bear fruit.”
PFAS are a set of more than 9,000 man-made chemicals that have been widely used in consumer products in various industries, such as aerospace, automotive, and construction, amongst others, for many decades. Research suggests exposure to some PFAS might result in harmful health outcomes, including cancer, increased cholesterol levels, and immune system effects1 Products that may contain PFAS include nonstick cookware, stain resistant coatings used on carpets, upholstery, and other fabrics, water resistant clothing, cleaning products, personal care and cosmetics products and any other products that resist grease, water and oil2. Because of their widespread use and strong chemical bonds and properties, which account for their persistence in the environment, PFAS are proving to be persistent pollutants that affect humans and wildlife, as they are likely to be exposed to these chemicals by consuming contaminated water or food, using products made with PFAS, or breathing air containing PFAS.
The Company’s development of plasma torches for use in the safe destruction of hazardous chemicals such as PFAS is part of the Company’s three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Plasma torches as a waste destruction application are part of the Company’s Waste Remediation tier, encompassing the safe destruction of hazardous materials, and the recovery and valorization of underlying substances such as chemicals and minerals.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. 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 operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. For more information, please visit: www.pyrogenesis.com.
Cautionary and Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in the Company’s latest annual information form, and in other periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under the Company’s profile on SEDAR+ at www.sedarplus.com, or at www.sec.gov. These factors are not intended to represent a complete list of the factors that could affect the Company. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, 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.
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/
1 https://www.cdc.gov/niosh/topics/pfas/default.html
2 https://www.atsdr.cdc.gov/pfas/health-effects/exposure.html
Primary Logo
abrooklyn
1 year ago
GEN3 PUREVAP™ QRR Pilot Plant Validation: Purity and Process Milestones Reached Ahead of Schedule
Source: GlobeNewswire Inc.
HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQX: HPQFF) (FRA: O08), a technology company engaged in green engineering processes for producing silica and silicon material, would like to inform shareholders of the two (2) major milestones reached as we continue with series #1 (January 19, 2023 release) of the GEN3 PUREVAP™ Quartz Reduction Reactor (QRR) (“GEN3 QRR”) (“Pilot Plant”) testing and validation program. Technology provider PyroGenesis Canada Inc. (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) (“Pyrogenesis”) achieved, under less-than-optimal operating conditions, better than expected purity results, and demonstrated its ability to operate the Pilot Plant on a semi – continuous basis. Both are described in more detail below.
PRODUCED SILICON EXCEEDS 99.5% BEST COMMERCIALLY AVAILABLE PURITY THRESHOLD
Pyrogenesis tested the purity of Silicon material produced during the first three (3) series #1 tests completed.
This was done:
1) To validate the GEN3 PUREVAP™ QRR pilot plant scale-up,
2) To determine how HPQ QRR Silicon purity compares to the purity threshold of the metallurgical grade silicon (“MG Si”) (98.0% to 99.5% Si) presently available in the market,
3) To determine the optimal parameters required and the process improvements needed to produce battery-grade silicon purity (3N+) during test series #2, and
4) To optimize and improve the production yield for the next PUREVAP™ QRR generations.
Samples from each of the three (3) tests were sent for ICP-MS Silicon Bulk Sample Analysis at Air Liquide Electronics (Balazs NanoAnalysis).
The results showed that:
Samples 1 (from Test Series 1, Production test 1, performed between the 22 & 25 of November 2022) yielded an averaged Silicon Purity (%) of 99.23% (equivalent to commercial grade Si-421)1
Samples 2 (from Test Series 1, Production test 2, performed between the 6 & 9 of December 2022) yielded an averaged Silicon Purity (%) of 99.58% (equivalent to commercial grade Si-1101) and 99.30% (equivalent to commercial grade Si-411), respectively1.
Samples 3 (from Test Series 1, Production test 3, performed between the 24 & 26 of January 2023) yielded an averaged Silicon Purity (%) of 99.60% (higher than the best MG Si commercial grade of 99.5% available in the market)1.
"While we never doubted that our GEN3 PUREVAP™ QRR would produce High Purity Silicon (> 99.5% Si),” said Mr. Bernard Tourillon, President and CEO of HPQ Silicon Inc. “Validating the fact that our system can produce the best grade MG Si offered in the market and better, this early in the testing program was unexpected and is quite an accomplishment.”
These results demonstrate the value of the technical team at PyroGenesis and validates their methodical approach. While the focus of using our PUREVAP™ QRR technology remains on developing our battery initiative, these results confirm the added potential commercial value of the technology as a better alternative to conventional silicon processes. Furthermore, HPQ’s QRR will be highly sought after as we continue to exist in a market environment that will be looking at building new plants to meet the demand for 99.5% Silicon as feedstock to make Silicones and Polysilicon.
QRR SUCCESSFULLY ATTAINED SEMI-CONTINUOUS BATCH PRODUCTION MILESTONES
Between February 28th and March 2nd, 2023, PyroGenesis completed Production test #4 under Test Series 1.
During the test, the Gen3 QRR pilot plant was successfully operated under semi-continuous batch production mode. The system operators powered up the reactor to the required operating state, after which feedstock was loaded into the system, and a complete production cycle was performed.
The production cycle was repeated 3 more times, to properly validate the milestone attained.
The remaining milestone before testing can proceed to test series #2, is obtaining a successful silicon pour. The technical team at PyroGenesis have identified final technical adjustments needed for the reactor to attain this milestone, which could occur during the Production Test #5 under Test Series 1 - tentatively scheduled for the end of March 2023.
“The methodical approach taken by PyroGenesis during the ongoing process modifications has created the GEN3 PUREVAP™ QRR as a stable operating platform to use in producing High Purity Silicon,” added Mr. Tourillon. “So, we are very confident that the same approach will allow us to obtain a Silicon pour and move the process to the next testing phase.”
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 sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented, and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in three massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 R&D and manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. For more information, please visit: www.pyrogenesis.com
About HPQ Silicon
HPQ Silicon Inc. (TSX-V: HPQ) is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer.
HPQ is developing, with the support of world-class technology partners PyroGenesis Canada Inc.(TSX: PYR) (NASDAQ: PYR) and NOVACIUM SAS, new green processes crucial to make the critical materials needed to reach net zero emissions.
HPQ activities are centred around the following five (5) pillars:
1) Becoming a green low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using our proprietary PUREVAP™ “Quartz Reduction Reactors” (QRR) being developed by PyroGenesis.
2) Becoming North America’s first producer of micron size High Purity Silicon (3N & 4N) powders with the assistance of NOVACIUM SAS.
3) Working to become the first producer of nano silicon materials from High Purity Silicon chunks using our proprietary PUREVAP™ Nano Silicon Reactor (NSiR) being developed by PyroGenesis.
4) Becoming a green low-cost (Capex and Opex) producer of Fumed Silica using our proprietary FUMED SILICA REACTOR being developed by PyroGenesis.
5) Developing a small and compact process for the on-demand production of hydrogen via hydrolysis of Silicon and other materials.
For more information, please visit HPQ Silicon web site.
Disclaimers:
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 security’s regulatory authorities, which filings can be found at www.sedar.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 nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
Source: HPQ Silicon Inc.
For further information contact:
Bernard J. Tourillon, Chairman, President, and CEO Tel +1 (514) 846-3271
Patrick Levasseur, Director Tel: +1 (514) 262-9239
Email: Info@hpqsilicon.com
________________________________
1 Link to the source
Primary Logo
abrooklyn
1 year ago
HPQ Silicon Gen3 PUREVAP™ QRR Pilot Plant: First Process Improvement Test Produces Silicon (Si)
Source: GlobeNewswire Inc.
HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQX: HPQFF) (FRA: O08), an innovative silicon solutions and technology development company, would like to update shareholders on an important milestone reached by the GEN3 PUREVAPTM Quartz Reduction Reactor (QRR) (“GEN3 QRR”) during the first process improvement test (using the “Pilot Plant”).
Technology provider PyroGenesis Canada Inc. (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), has informed HPQ that the first process improvement test produced Silicon (Si) material. Thus, confirming that the GEN3 QRR can generate the carbothermic reaction needed to produce Silicon.
"We are now in the ongoing process of continuous improvements of the testing program,” said Mr. Bernard Tourillon, President and CEO of HPQ Silicon Inc. “Our unique and proprietary advanced technology prototype, the GEN3 QRR Pilot Plant, will undergo multiple tests to repeat and, we expect, surpass the results attained with the GEN2 QRR."
RIGOROUS TESTING APPROACH CONTINUES TO DELIVER RESULTS AND VALIDATE SCALABILITY
This first successful process improvement test is the most significant of the program to date, given that it was a 2,500 times scale-up from the GEN2 PUREVAPTM QRR. During the test, quartz material was successfully converted into Silicon (Si), a process that validates that the GEN3 QRR, like its much smaller capacity predecessor, the GEN2 PUREVAPTM QRR, can also produce Silicon (Si) material.
REACTOR BEING INSPECTED AND PREPARED FOR NEXT PROCESS IMPROVEMENT TEST
All important components of the Pilot Plant reactor are being inspected and critical wear and tear data collected. Once the inspection is complete, and all systems are given a “pass”, the Pilot Plant will then, again, be prepared for the next series of tests.
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 sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented, and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in three massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 R&D and manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. For more information, please visit: www.pyrogenesis.com
About HPQ Silicon
HPQ Silicon Inc. (TSX-V: HPQ), is a Quebec-based innovative silicon solutions company that offers silica (SiO2) and silicon (Si) based solutions and is developing a unique portfolio of high value-added silicon (Si) products sought after by battery and electric vehicle manufacturers, among other industries. On July 21, 2022, HPQ started trading as a Tier 1 Industrial Issuer on the TSX Venture Exchange.
Silicon (Si), also known as silicon metal, is one of today’s key strategic materials needed for the decarbonization of the economy and the Renewable Energy Revolution (“RER”). However, silicon does not exist in its pure state and must be extracted from quartz (SiO2) in what has historically been a capital and energy-intensive process.
HPQ is the only company bringing to market a new process for manufacturing Silicon that is perfectly suited to the new demands and realities of today’s Silicon market. With ESG principles playing an active role in materials sourcing and with recent geopolitical unrest emphasizing the need for stable trade partners and supply security, global corporations are becoming more aware of the difficulties in securing the ESG-compliant Silicon needed to meet their renewable energy agenda.
The reality of chronic underinvestment in new technologies combined with the offshoring of Silicon production capacity, is creating massive opportunities for HPQ and the processes it is developing with PyroGenesis Canada Inc.(TSX: PYR) (NASDAQ: PYR):
the PUREVAPTM “Quartz Reduction Reactors” (QRR), an innovative process (patent granted in the United States and pending in other jurisdictions), which will permit the one-step transformation of quartz (SiO2) into high purity silicon (Si) at reduced costs, energy input, and carbon footprint that will propagate its considerable renewable energy potential.
Through its 100% owned subsidiary, HPQ NANO Silicon Powders Inc., the PUREVAPTM Nano Silicon Reactor (NSiR) is a new proprietary process that can use material produced by the QRR as feedstock, to make a wide range of nano/micro spherical powders and nanowires of different sizes.
Through its second 100% owned subsidiary, HPQ Silica POLVERE Inc., HPQ is developing a new plasma-based process that allows a direct Quartz to Fumed silica transformation, removing the usage of hazardous chemicals in the making of Fumed silica and eliminating the Hydrogen Chloride Gas (HCI) associated with its manufacturing.
HPQ is also a technology development company interested in developing hydrogen-based ventures, that could be complementary to the QRR efforts. Currently, HPQ is working with Novacium developing processes for making hydrogen via hydrolysis of silicon and other materials.
For more information, please visit HPQ Silicon web site.
Disclaimers:
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 security’s regulatory authorities, which filings can be found at www.sedar.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 nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
Source: HPQ Silicon Inc.
For further information contact:
Bernard J. Tourillon, Chairman, President, and CEO Tel +1 (514) 907-1011
Patrick Levasseur, Special Advisor to the CEO Tel: +1 (514) 262-9239
Email: Info@hpqsilicon.com
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abrooklyn
1 year ago
PyroGenesis Ranks 7th on Deloitte Canada’s Prestigious Clean Technology list as part of the 2022 Technology Fast 50™ Awards
Source: GlobeNewswire Inc.
PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a TSX30® high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce today that, in recognizing the Company’s commitment to innovation as well as its exceptional revenue growth, Deloitte has named PyroGenesis to both its Technology Fast 50™ and Fast 500™ rankings lists. As such, in recognition of being one of Canada’s top clean tech innovators providing processes, goods, or services that reduce environmental impact, Deloitte has ranked PyroGenesis 7th on its Clean Technology list as part of the Technology Fast 50™ award. In addition, PyroGenesis has also been ranked 275th on this year’s Deloitte Technology Fast 500™; a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, fintech, and/or energy tech companies in North America.
Eligibility in the Clean Technology category requires applicants to meet the same criteria as for Technology Fast 50 nominees except they must have a minimum revenue of $50,000 in 2018 and $5 million in 2021. The winning companies are ranked by their revenue-growth percentage over that period. The majority of the companies’ revenues must come from products or services that have a positive environmental impact in the following areas: carbon emissions reduction potential, resource circulation (reduce, reuse, and recycle), or environmental preservation and safety.
PyroGenesis ranked 7th, with a 518% in revenue growth from 2018 to 2021, on this prestigious list.
The Technology Fast 50™ list runs alongside the broader Deloitte North American Technology Fast 500™ list, with Fast 50™ winners automatically eligible for this elite ranking.
“We are honored to be included in this year's Deloitte North America rankings, but most importantly, very proud to be amongst the Canadian winners on Deloitte's Technology Fast 50™ list in the cleantech space, just months after being recognized and ranked ninth by the Toronto Stock Exchange as a top-performing company on the Toronto Stock Exchange's 2022 TSX30 list,” said Mr. P. Peter Pascali, CEO and Chairman of the Board of PyroGenesis. “Over the past several years, we have transitioned from proving the capabilities of our technologies to commercial applications of the same, by strategically and successfully positioning ourselves to address the most pressing environmental and energy issues. PyroGenesis' offerings continue to attract the interest from large multinational entities and, as such, is seen as a provider of robust environmental technology solutions for heavy industry. These solutions help companies achieve their carbon reduction goals as they transition to a net zero world through a variety of means which include, but are not limited to, fuel switching and metal production optimization offerings. It is an incredible honor to be part of such a distinguished list of companies as a Canadian innovator contributing to a more sustainable and environmentally resilient future. On behalf of the Board of Directors and the Company, I would like to thank Deloitte Canada for this recognition as we pledge to continue our commitment to becoming a leading global provider of GHG emission reduction solutions.”
“These outstanding companies are amongst the elite of Canada’s clean technology sector, developing and bringing to market innovations that create a more resilient and sustainable future for the environment,” stated Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “With ever-increasing business opportunities to reduce our carbon footprint, make energy efficiency gains, and accelerate the deployment of renewable energy sources, these winners distinguish themselves in a highly promising and dynamic space. They represent a cohort of innovators who are contributing to the environment and helping to create a sustainable business and technology landscape in Canada.”
This year marks 25 years since the establishment of Deloitte’s Technology Fast 50 award program in Canada.
About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating its 25th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2022 program sponsors include Deloitte, RBC, Osler, EDC, CBRE, Vector Institute, Council of Canadian Innovators (CCI), Clarity Recruitment, Lafond, and TMX. For further information, visit www.fast50.ca.
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 sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. 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 operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. 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 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.sec.gov. 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 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.
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/
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Twotone
2 years ago
The fuse has been lit!!
PyroGenesis Announces Project to Introduce Plasma Torches into the Upstream Anode Baking Process
June 02, 2022 07:30 ET | Source: PyroGenesis Canada Inc.
...
MONTREAL, June 02, 2022 (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 advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce that, further to its press release dated April 20th, which provided an update on its Aluminum Business offerings, the Company has undertaken a joint initiative (the “Agreement”) with a premier applied engineering and process optimization firm (the “Client”) in the global aluminum industry. This Agreement is focused on utilizing PyroGenesis’ zero-emission plasma torches in carbon anode baking – a vital upstream step in the aluminum production process. The name of the Client remains anonymous for confidentiality reasons.
PyroGenesis’ 150KW plasma torch will be placed inside a pilot system at the Client’s renowned research center. This pilot system has been used to conduct optimization tests for many of the world’s top aluminum producers.
The Client is one of the world’s leading consulting engineering firms specifically focused on the optimization and improvement of furnace and furnace combustion processes at aluminum plants. In particular, the Client is focused on improving processes, lowering costs, and improving the quality of carbon anodes – the conductive material used in the electrolytic production of primary aluminum.
In aluminum production, a smelter needs approximately 425 kg of carbon anode – which is consumed during the smelting process – to produce one ton of primary aluminum. The demand for anodes is so significant that several stand-alone manufacturers of high-grade anodes, as well as anode baking systems, are on-site at major aluminum producers and in constant operation – baking new anodes, of up to 6 feet in length and weighing 1.2 tons each1,2. As a result, improving and optimizing this anode baking process is a key objective in the industry, and the Client considers PyroGenesis’ plasma torches as part of that solution set.
“Once again, we have yet another Agreement underscoring the applicability, and timing, of PyroGenesis ’offerings within the aluminum industry,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “Global aluminum producers face increasing metal demand, rising energy costs, higher market prices for high-quality aluminum, and new restrictions to meet carbon emissions targets. This agreement is a direct result of our increased sales efforts and R&D, targeting innovative new uses of our ultra-high heat expertise and plasma-based solutions. As stated in our aluminum business line update release of April 20th, the upstream opportunities are numerous and continue to provide additional opportunities for PyroGenesis’ plasma processes. In this particular case, the Client has informed us that a typical anode baking furnace of 3 fires requires 144 gas burners of 200kw each, with the largest anode baking plants operating up to 7 furnaces with 4 fires each. This clearly illustrates the magnitude of this opportunity.”
Under the scope of this agreement, the performance of PyroGenesis’ plasma torches will be analyzed, and the temperature distributions and flame characteristics will be determined. The results will provide third-party validation of the potential in replacing conventional oil and gas burners in carbon anode baking facilities with PyroGenesis’ plasma torches.
“The potential to replace, at a single plant, more than 1000 gas burners with our clean plasma torches, is significant both in terms of (i) productivity and (ii) emission reduction,” continued Mr. Pascali. “As such, we look forward to undertaking this project together with our Client – a neutral, independent highly regarded engineering and technology firm, who has been recommending improvements to the aluminum industry for almost half a century.”
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 sustainable solutions which reduce greenhouse gases (GHG), and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented and advanced plasm a technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. 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 operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. 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
Twotone
2 years ago
PyroGenesis Confirms Successful Site Acceptance Testing of Additional Drosrite™ System in North America
7:30 AM ET, 04/28/2022 - GlobeNewswire
MONTREAL, Quebec, April 28, 2022 (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 advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to confirm that, further to the press releases dated April 20th, 2022, and April 25th, 2022, the Company’s DROSRITE™ technology has once again been successfully commissioned, this time at an existing North American automobile parts manufacturer client (the “Client”), and completed Site Acceptance Testing (SAT). The name of the Client remains anonymous for confidentiality reasons.
This system, which was part of a two-system order, originally intended for delivery to an Asian client and discussed in a previous press release, was subsequently fully paid for. Due to significant delays in the Asian client's ability to expand their facility, PyroGenesis sold the two units to an existing Client who assumed the contract. The contract was for two (2) DROSRITE™ systems, each with a capacity of 5,000 tons/year. Both systems were completed and delivered to the Client’s facility.
PyroGenesis' Client now has three (3) DROSRITE™ systems in operation. The fourth system will be commissioned upon an expected increase in production demand for the Client's offerings. Although these systems have been installed at the Client's facility for some time, the Client has chosen to commission them based on a predetermined production schedule.
“This is the fourth Drosrite™ system to pass a SAT in as many days,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “This further strengthens our position, not only in primary aluminum production, but also in the downstream production process, especially in the aluminum-intensive automotive sector. Being selected as a solution provider in some of the largest dross recovery projects internationally, and with our proven technology, we strongly believe that PyroGenesis has now become one of the largest aluminum dross recovery solutions in the world while playing a major role in reducing industry emissions. I cannot overstate the recent increase in interest in our DROSRITE™ systems in light of the significant rise in aluminum prices.”
As previously disclosed, the Company once again confirms that it has 14 Drosrite™ systems either installed/in shipping or new ordered/requested, of which eleven (11) have been completed and are either on-site at the clients’ facilities or in the process of being shipped.
Twotone
2 years ago
I had to buy more at these discount prices and it looks like PYR will be buying some more shares too.
PyroGenesis Canada has received acceptance from the Toronto Stock Exchange of its Notice of Intention to implement a Normal Course Issuer Bid
7:02 AM ET, 02/11/2022 - Briefing.com
Pursuant to the NCIB, PyroGenesis may purchase, from time to time, over a period of 12 months starting February 15, 2022 and ending February 14, 2023, up to 7,500,000 common shares (approx. 4.4% of its common shares issued and outstanding as of February 7, 2022). As of February 7, 2022, there were 170,125,795 common shares of PyroGenesis issued and outstanding. On any given day, during the NCIB, PyroGenesis may only purchase up to 78,089 common shares, which is equivalent to 25% of the Average Daily Trading Volume of 312,357 calculated based on the trading volumes on the TSX from August 1, 2021 to January 31, 2022.
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