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PyroGenesis Plasma Torch Technology Selected to Support Next-Generation Agricultural Innovation

PYRGF
  • PyroGenesis Inc. signed a confidential contract with a U.S. agricultural technology firm to supply an initial 40 kW plasma torch system.
  • The agreement outlines a potential three-torch order that could eventually include an intermediate torch in 2027 & a 6 MW hyper-high-powered torch.
  • A 60% downpayment is expected from the client in the coming weeks.
  • The 40 kW torch will be designed with multi plasma-forming gas options.
  • The client utilizes carbon-free production processes to create critical agricultural materials & aims to reshore domestic supply chains.
  • The client's technology has received approval for use in organic farming within its home state & is backed by European & Silicon Valley venture capital funds.
  • PyroGenesis views this deal as an expansion into new markets beyond its traditional heavy industry & defense sectors.
  • The global market for organic crop inputs is expanding at a compound annual growth rate of approximately 12%.
  • Major producers of agricultural chemicals include China, India, & Russia, which combine for roughly 40 to 50% of global exports.
  • PyroGenesis shares trade on the TSX (PYR), OTCQX (PYRGF), & Frankfurt (8PY1) stock exchanges.