PyroGenesis Announces Receipt of $1.3 Million Payment from Client B

November 1, 2022

https://www.globenewswire.com/news-release/2022/11/01/2545297/0/en/PyroGenesis-Announces-Receipt-of-1-3-Million-Payment-from-Client-B.html

MONTREAL, Nov. 01, 2022 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX:PYR) (NASDAQ:PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), confirms today that, further to its press release dated September 14, 2021, it has received a milestone payment from Client B of approximately $1.3 million. Separately, the Company confirms that the previously announced1,2 trials of its patented plasma torch system for use in iron ore pelletization furnaces, with both Client A and Client B, (the “Clients” or “Client”) are ongoing with no change in strategy by either PyroGenesis and/or the Clients. The names of the Clients have been kept confidential for competitive reasons.

Read more at globenewswire.com

Related news for (PYR)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.