Deal could lead to several multi-million dollar follow-on contracts
MONTREAL: PyroGenesis Canada Inc, which designs, develops and manufactures plasma waste-to-energy systems and plasma torch products, has won a follow-on contract from a multinational mining and metallurgical company. The mining company withheld its name and the details of the process. As a result of pilot work done by PyroGenesis over the past several years, the company will carry out engineering, testing and fabrication of plasma equipment and high temperature reactors as part of a plan to develop a novel, commercial scale plasma-powered metallurgical process.
“We are proud of the continued confidence that this global customer has shown in our technology, our team and our products,” said Peter Pascali, president and CEO of PyroGenesis. “This contract further demonstrates PyroGenesis’s ability to leverage its core competencies to develop and scale up novel plasma-based solutions which enable its customers to gain competitive advantage.”
The total value of the three-phase contract is $1.07 million over nine months. The first phase, valued at $778,000, has been awarded and it’s anticipated the completion of the contract could result in several multi-million dollar follow-on contracts.