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: Q&A

Hi Peter,

Thank you for taking to time to do this. 

1. On April 16 2021 a press release was put out regarding the pipeline and potential for signed contracts.

"Although we rarely speak to our pipeline, I feel it appropriate to make an exception under the current circumstances. If we are conservative and define the pipeline as being those contracts where we are either in final discussion as the sole supplier, or in a leadership position in a competitive bid, and if we further narrow the definition by looking only at contracts that are expected to be signed within 6 months, then the pipeline is in excess of $65 million"

At the time I believe it was clarified that this pipeline had nothing to do with backlog. Where are you today on these pipeline calculations. Was this a one off order or multiple for something that was cancelled or can we expect this pipeline estimation to still be in effect just delayed due to Covid.

2. There was a $40 million dollar Drosrite contract that was spoken about in the Middle East that PYR was the front runner. Where is the company positioned now in that and has it been cancelled or postponed?

3. Looking at the past financial statements it seems like cash it at an all time low. Does the company feel like financing will need to be considered soon?

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