Friday, August 4, 2017

PyroGenesis Canada Inc. - PYR.v

PyroGenesis Canada Inc. - PYR.v is a leader in the design, development, manufacture and commercialization of advanced plasma processes. The company provides engineering and manufacturing expertise, contract research, and process equipment packages to the defense, metallurgical, mining, additive manufacturing, oil & gas, and environmental industries.

On March 14, 2017 the company released News

PyroGenesis Canada Inc. ( (TSX-V: PYR) (OTCQB: PYRNF), a high tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma based systems and plasma torch products, is pleased to announce today that, further to its press release of January 10, 2017, wherein it was announced that the Company had signed two additional military contracts totaling approx. US$1.2MM (CAN$1.6MM), the Company has received US$367,982 (CAN$445,950) under one of these contracts. The payment announced today is one of several payments received since January 10, 2017, by PyroGenesis totaling US$925,122 (CAN$1.2MM) under an original contract worth US$978,312 (CAN$1.25MM). The balance of approximately US$53K (CAN$68K) is expected to be received during Q3 2017.