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The latest announcement is out from PyroGenesis Canada ( (TSE:PYR) ).
PyroGenesis has received a CA$1.04 million milestone payment under an existing CA$4.1 million contract with a major aeronautics and defense client, reflecting progress in the development of a 4.5MW plasma torch. This client, known for its significant contributions to US aeronautics and defense, has also signed a new $27 million contract with PyroGenesis for a 20MW plasma torch, highlighting the growing trust and collaboration between the two companies.
More about PyroGenesis Canada
PyroGenesis Inc. is a high-tech company that designs, develops, manufactures, and commercializes advanced plasma processes and sustainable solutions aimed at reducing greenhouse gases and addressing environmental pollutants. The company operates in the aeronautics and defense industry, providing innovative technology to solve critical challenges in these sectors.
YTD Price Performance: -1.64%
Average Trading Volume: 66,198
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$110.5M
See more data about PYR stock on TipRanks’ Stock Analysis page.
