A World leader in advanced plasma processes

Being commercialized in multiple applications around the world including plasma torches, Industrial 3D printing powders, aluminum & zinc dross recovery, waste management and defence - 4 US aircraft carriers

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Message: #3 for Peter

Hello,

Re this 2017 press release:

MONTREAL, QUEBEC--(Marketwired - Jun 7, 2017) - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR)(PYRNF), a high-tech company (the "Company" or "PyroGenesis") that designs, develops, manufactures and commercializes advanced plasma processes and plasma torch products, is pleased to announce today that it has signed its second contract for an order of titanium powder (Ti-6Al-4V) from a US based end user (the "Client"), the name and origin of which will not be disclosed for competitive reasons. Note, this is the second order placed during the ramp-up phase of the Company's powder production system (the "System"), and exceeds the original expectations for powder sales during this phase.....

 previously announced on March 30, 2017, we did not expect this type of interest before ramp-up was complete, and we would have considered any sample orders (i.e. up to 500kg) made before such time to be very significant as this would further validate our strategic decision to enter into powder production," said P. Peter Pascali, President and CEO of PyroGenesis. "Although this order is a sample order what is truly noteworthy is it's the second order we have received during ramp up. The fact that this Client has taken the time to sample our powders and allocate the funds to qualifying it internally, all before the ramp-up phase is complete is extremely significant. The two sample orders received to date exceed our initial expectations for powder sales. We believe that a third sample order received during the ramp up phase would underscore the interest in the marketplace for PyroGenesis' products and unique expertise."

On March 30th, 2017, PyroGenesis announced that it had completed the assembly of its first powder production system, and that the first powder run exceeded expectations. The ramp-up that was already underway was expected to take place over the ensuing (4) months (April-July)..."

 

Is it true that this production plant compleyed in 2017 and taken to the phase of shipping samples to clients in 2017 was written off as a total loss? If so why? Are the press releases from this year about completing a 3d print powder plant and shipping samples to unnamed customers a second attempt at the same failed project? 

 

Thanks

Sally 

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