PyroGenesis - CEO, Peter Pascali.
CEO, Peter Pascali.
Source: PyroGenesis.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • PyroGenesis (PYR) has successfully installed state-of-the-art plasma torch production equipment at its new facility located in Montreal, Quebec, Canada
  • The cost of the new equipment is approximately $1 million
  • The company also announced that it will release its 2021 first-quarter results on May 17, before the markets open.
  • The new equipment will produce parts faster and at a lower cost
  • Shares of PyroGenesis are down 8.75 per cent, trading at $4.90 at 2:47 pm ET

PyroGenesis (PYR) has successfully installed state-of-the-art plasma torch production equipment at its new facility in Montreal.

The cost of the installation is approximately $1 million.

PyroGenesis designs, develops, manufactures and commercializes plasma atomized metal powders, environmentally friendly plasma waste-to-energy systems and clean plasma torch products.

The company also announced that it will release its 2021 first quarter results on May 17, before the markets open.

“The company recently invested approximately $1MM in state-of-the-art production equipment, and we announce today its successful installation. This equipment has a wide range of capabilities and will significantly reduce the manufacturing time of our plasma torches. For example, parts that previously took 4 hours to manufacture will now take 15 minutes. PyroGenesis will produce parts faster and at lower cost, thereby reducing delivery times while increasing profitability,” said PyroGenesis CEO and Chair P. Peter Pascali.

PyroGenesis Canada is a leader in the design, development, manufacture and commercialization of advanced plasma processes and products. The Company provides its engineering and manufacturing expertise and its turnkey process equipment packages to customers in the defense, metallurgical, mining, advanced materials, and environmental industries.

Shares of PyroGenesis are down 8.75 per cent, trading at $4.90 at 2:47 pm ET.

More From The Market Herald

" Micromem Technologies (CSE:MRM) closes private placement

Micromem Technologies (MRM) has closed a private placement for gross proceeds of $282,000.
PyroGenesis - Vice President of Sales, Massimo Dattilo.

" PyroGenesis (TSX:PYR) completes titanium powder order from Aubert & Duval

PyroGenesis (PYR) has completed a 100 kg titanium powder order from Aubert & Duval.

" Adamant Global Holdings (CSE:ADMT) releases 2021 results

Adamant (ADMT) has released its 2021 financial results headlined by significant revenue growth.

" Buzz on the Bullboards: The Larger the Hubs, the Heavier the Debates

Several of Stockhouse’s larger Bullboard hubs have set off serious debates on the future direction of some companies following significant moves this past