Plasma torches may sound like science fiction but the technology is real and is proving to be a game changer for one Canadian company. PyroGenesis Canada Inc. (TSXV: PYR) are plasma experts who have developed plasma-based technologies that can not only dispose of waste in an economic and environmentally friendly manner, but can also be used in other high margin, niche markets such as oil and gas, and mining and metallurgical.
PyroGenesis Canada Inc. (TSXV: PYR) are plasma experts who have developed plasma-based technologies that cannot only dispose of waste in an economic and environmentally friendly manner, but can also be used in other high margin, niche markets such as oil and gas, and mining and metallurgical. PyroGenesis recently announced contracts to engineer a Tactical Mobile Plasma System for the Destruction of Chemical Warfare Agents, such as those being dealt with in Syria as well as a pending $15 million contract to produce spherical alloy powders for the 3D printing industry.
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“PyroGenesis can be compared to a mini-fund centered around various patented commercially proven plasma based solutions. Being plasma experts we have been able to apply our expertise to specific high margin niche industries that have never been introduced to economical plasma-based solutions. This enables PyroGenesis to provide different product offerings across several industries; none of which is dependent on the other for success; akin to a mini-fund where risk is dispersed amongst several offerings,” said Peter Pascali, PyroGenesis’ CEO, in a recent interview with SmallCapPower.com.
Mr. Pascali describes plasma as the fourth state of matter; the other three being solids, liquids, and gases. Ice (a solid), for example, when heated up becomes a liquid (water) which in turn, when heated up, becomes a gas (steam). When a gas is heated up it becomes a very hot plasma with its own special properties. The sun and lightning are both examples of plasma. Plasma has been around since the beginning of time and PyroGenesis has been one of the few companies to harness its many benefits and introduce them to niche markets for the very first time.
PyroGenesis, through the use of a torch, creates plasma using different types of compressed gases and electricity. Its patented process, which doesn’t involve any fossil fuels, sends high-pressured gas passing through an electric arch (a miniature version of a lightning bolt) and the intense heat(about 5000 degrees Celsius) created turns the gas into plasma.
“Our expertise in solving problems using plasma based solutions in a commercial setting is widely recognized,” Mr. Pascali claims, add in gas an example the success they have had with the US Navy, which approached PyroGenesis to solve their on-board waste problem using plasma. Today, PyroGenesis’ plasma-based solution is in the design of the next-generation aircraft carriers, having successfully delivered the first system and are currently building the second. It is estimated that up to 15 aircraft carriers will be built using PyroGenesis’ plasma-based solution.
Other sectors where PyroGenesis’ technology is being employed includes mining and metallurgical, in which plasma was the only technical solution for a new method of making titanium metal, as well as niche environmental, where steam plasma is used to destroy ozone-depleting substances.
Another example of a new use for PyroGenesis’ plasma based systems is the production of titanium powder for the 3-D printing industry, which is expected to be an important source of recurring revenue for company in the near future.
“PyroGenesis expects to be cash-flow positive in the near term with current backlog exceeding 2013 revenues by over 40%.” said Mr. Pascali, adding that the company anticipates a 100% increase in revenue year over year with margins in excess of 30% being targeted. Additionally, of note to investors, is that the company has an internal goal to be EBITDA positive from recurring revenues alone by the end of 2016. The company currently has 80.5 million shares outstanding.
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About PyroGenesis Canada:
PyroGenesis Canada (TSXV: PYR), a TSX Venture 50® company, is the world leader in the design, development, manufacturing and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries. With a team of experienced PyroClassTM engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 production facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008 certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol PYR.V). For more information, please visit www.pyrogenesis.com
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