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PyroGenesis signs military contracts worth USD1.2m


PyroGenesis Canada, a clean-tech company that designs, develops, manufactures and commercialises plasma waste-to-energy systems and plasma torch products, has signed two additional military contracts totalling approximately USD1.2 million (CAD1.6 million).

As of 30 June 2016, total military contracts signed now exceed USD3.7 million (CAD5 million).
 
The military contracts are all expected to be completed by the end of Q2 2017. 
 
"Since 30 June 2016, both military contracts and non-military contracts now exceed CAD13 million, the majority of which will be completed this year," says P Peter Pascali, president and CEO of PyroGenesis. "This coupled with the Company's success in commercialising its DROSRITE system, the progress of the PUREVAP system, and the decision to enter into powder production for additive manufacturing, we believe 2017 is shaping up to be a very good year."

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