PyroGenesis Canada, which makes plasma atomized metal powder, reports Q2 revenues of CAN$913,769, a decrease from CAN $1,421,352 in Q2 2018.
‘As we have said in the past, 2018 was the year in which the company successfully positioned itself with unique and strategic partnerships, geared to effectively accelerate commercialization, and we are in the midst of benefiting from these efforts, and I would like to thank investors for their patience,’ said P Peter Pascali, president and CEO of PyroGenesis. ‘Recent results have been significantly affected by management’s decisions in 2018 to pursue strategic partnerships at the expense of revenues. However, as a result, we have press released imminent contracts in excess of $32 million, with associated future revenues, well in excess of that which, in my opinion, fully justified that strategy.’
This story uses material from PyroGenesis, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.