PyroGenesis Canada Inc. has signed a binding Letter of Intent (LOI) to acquire AirScience Technologies Inc. for $4.8 million. The acquisition aims to enhance PyroGenesis's position in the renewable natural gas (RNG) market by leveraging AirScience's expertise in biogas upgrading. AST has a backlog of $10-12 million and posted over 40% gross margins historically. This acquisition aligns with government initiatives to reduce greenhouse gas emissions and capitalize on the growing demand for RNG, particularly in North America.
PyroGenesis Canada Inc. has signed a qualification agreement with a major aerospace client to produce metal powders using its NexGen™ production line. The agreement involves a rigorous qualification process to evaluate manufacturing methods and product consistency. Successful completion will formally establish PyroGenesis as an approved supplier, paving the way for larger orders. CEO P. Peter Pascali emphasized the significance of this partnership for validating their innovative offerings and expects similar agreements with other industry leaders soon.
PyroGenesis Canada Inc. (TSX: PYR, NASDAQ: PYR) has launched its advanced Additive Manufacturing NexGen™ Powder production line, achieving a production rate exceeding 25kg/h for titanium powders, surpassing all known plasma-atomized production rates. Major aerospace companies are awaiting deliveries from this new line, with testing to confirm quality consistency planned in the coming weeks. The company expects to begin powder deliveries before Q2 2021 ends. This innovative technology enables better control over powder morphology, aiding AM printer manufacturers.
PyroGenesis Canada Inc. (PYR) will present at the Planet MicroCap Showcase on April 21, 2021, at 10:00 AM ET. CEO P. Peter Pascali will host the presentation and engage in a Q&A session with investors. Interested attendees can access the live presentation via this webcast link. Additionally, 1-on-1 meetings can be scheduled through the event's platform. For those unable to attend, a replay will be available under the "Agenda" section. This showcase aims to connect investors with emerging companies in the microcap space.
PyroGenesis Canada Inc. (TSX: PYR) has announced that CEO P. Peter Pascali will present at the Q1 Virtual Investor Summit, scheduled for March 23-25, 2021. Pascali's presentation is set for March 25 at 3:00 PM ET. The Investor Summit aims to connect smallcap and microcap companies with over 300 institutional and retail investors. PyroGenesis specializes in designing and manufacturing advanced plasma processes and products for various industries including defense and mining. The company maintains a strong technological edge and is ISO certified.
PyroGenesis Canada Inc. announced that CEO P. Peter Pascali will present at the Q1 Virtual Investor Summit from March 23-25, 2021. The presentation is scheduled for March 25 at 3:00 PM ET. This summit connects small and micro-cap companies with qualified investors, featuring over 100 companies and 300 investors.
PyroGenesis specializes in advanced plasma processes and products, operating from Montreal with a focus on defense, metallurgical, and environmental industries. Visit www.pyrogenesis.com for more details.