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 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 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. (TSX:PYR, OTCQX:PYRGF), the developer of plasma processes and products, revealed it received a second order from a Spanish aerospace client to provide titanium metal powder. Used in additive manufacturing, the titanium metal powder order comes after the client, a leader in aerospace propulsion, issued an order back in April.
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) has won C$2.5 million (US$1.8m) of contracts to make a thermal swing adsorption (TSA) system to capture and recover waste gases from a large biofuel project in Quebec. The contracts, which have been signed by PyroGenesis subsidiary Pyro Green-Gas Inc, are for the engineering, design, and fabrication of the TSA system to be used for the dehydration of pure oxygen produced from electrolyzers at the Varennes Carbon Recycling (VCR) plant currently under construction at the off-island suburb of Montreal.
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF), the high-tech company focused on advanced plasma processes and sustainable solutions, has received validation for its Ti64 "coarse" powder. The company announced today that a leading global aerospace Original Equipment Manufacturer (OEM), whose identity remains undisclosed for confidentiality purposes, has approved PyroGenesis' Ti64 powder for inclusion in its list of approved suppliers.
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) subsidiary Pyro Green-Gas has signed contracts totalling $1.3 million with an India-based global steel company for the development and supply of technology to desulphurize coke oven gas. The company said that under the terms of the contracts, Pyro Green-Gas will provide engineering and mechanical solutions for the removal of hydrogen sulfide from coke oven gas during the cooking process.
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) subsidiary Pyro Green-Gas has signed contracts totalling $1.3 million with an India-based global steel company for the development and supply of technology to desulphurize coke oven gas. The company said that under the terms of the contracts, Pyro Green-Gas will provide engineering and mechanical solutions for the removal of hydrogen sulfide from coke oven gas during the cooking process.
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) has announced its subsidiary has won payment following a legal settlement with Gas RNG Systems Inc. Pyro Green-Gas Inc and certain related people will receive US$1.1 million as a result, PyroGenesis, which is developing and commercialising advanced plasma processes, said.
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) has announced its subsidiary has won payment following a legal settlement with Gas RNG Systems Inc. Pyro Green-Gas Inc and certain related people will receive US$1.1 million as a result, PyroGenesis, which is developing and commercialising advanced plasma processes, said.