PyroGenesis Canada Inc. (PYR)
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PyroGenesis Canada acquires full control of aluminum waste recycling business
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) has acquired full control of Drosrite International, a US-based subsidiary that had legally been operating as a standalone entity. The company paid one Canadian dollar to take 100% control of Drosrite, which provides environmentally friendly waste management technologies to the aluminum industry and had previously been operated as a subsidiary on an accounting basis.
PyroGenesis provides additional information on C$4.1M Drosrite contract payment
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) has provided additional information in response to investor questions regarding its announcement of the receipt of a C$4.1 million payment under its Drosrite contract, which has a total value of C$25 million. The company was contracted by Drosrite, which was in turn contracted by Radian Oil and Gas Services Company, for an order of seven Drosrite aluminum dross recovery systems.
PyroGenesis receives US$3M payment under Drosrite contract
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) announced that it has received a US$3 million (C$4.1 million) payment for an outstanding receivable under its existing C$25 million Drosrite contract. “The payment announced today is made in accordance with a payment schedule that has been revised over time to better align to the pressures on the end client's operating cash flows created by increased business opportunities,” PyroGenesis CEO P Peter Pascali said in a statement.
PyroGenesis Canada Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 28,340 | $75 | $75 | - | - |
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PyroGenesis Canada Inc. Profile
| Machinery Industry | Industrials Sector | Photis Peter Pascali Jr. CEO | NASDAQ (CM) Exchange | 74734T104 CUSIP |
| CA Country | 107 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
PyroGenesis Canada Inc. is a company that specializes in the development, design, manufacture, and commercialization of plasma processes and solutions on a global scale. With its headquarters located in Montréal, Canada, it serves various industries, including defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental. PyroGenesis is committed to innovation in plasma technology, offering a range of processes and systems that contribute to waste reduction, energy production, and the advancement of materials technology. The company also provides extensive engineering and manufacturing expertise, contract research, and comprehensive equipment packages, alongside essential services such as installation, commissioning, and start-up support to its clients.
Products and Services
- DROSRITE: A unique process developed by PyroGenesis for improving metal recovery from dross, which is significant in reducing hazardous by-products during the process.
- Plasma Atomization Process: This innovative process allows PyroGenesis to produce and sell high-purity spherical metal powders, catering to the needs of various industries including additive manufacturing.
- PUREVAP: A proprietary process designed to produce high purity metallurgical and solar grade silicon from quartz. This process marks a significant advancement in materials technology, offering a more efficient and environmentally friendly alternative to traditional methods.
- PUREVAP NSiR: An extension of the PUREVAP technology, this process is tailored for transforming silicon into spherical silicon nano powders and nanowires. These materials are particularly beneficial for use in lithium-ion batteries, catering to the growing demand in the energy sector.
- Plasma Torches and Systems: PyroGenesis designs and manufactures plasma torches and systems that serve as replacements for conventional fossil fuel burners in the industrial iron ore pelletization process, thereby reducing carbon emissions significantly.
- Waste Destruction Systems: The company offers plasma arc waste destruction systems for onboard ship waste management, steam plasma arc refrigerant cracking systems for the destruction of harmful refrigerants, and plasma arc chemical warfare agent destruction systems designed for the onsite neutralization of chemical warfare materials.
- Resource Recovery and Gasification: PyroGenesis also provides plasma resource recovery systems for land-based waste treatment and waste-to-energy applications, as well as plasma torches for waste gasification and combustion. These technologies represent significant advancements in waste management, offering more efficient and environmentally friendly alternatives to traditional waste disposal methods.
- Plasma Arc Gasification and Vitrification: A comprehensive solution for turning waste into energy, this system is designed to gasify waste materials and vitrify residues, offering a sustainable method of waste management.
- Additional Services: Besides products, PyroGenesis also offers extensive engineering and manufacturing expertise, contract research, turnkey process equipment packages, and hands-on services like installation, commissioning, and start-up, catering to a wide range of industries such as defense, metallurgical, mining, additive manufacturing, oil and gas, and environmental sectors.
