PyroGenesis Bags $1.2M Plasma Torch Contract

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  • PyroGenesis Canada Inc PYR has signed a $1.2 million contract for two Air Plasma Torch systems with an existing Asian client, which remains confidential for competitive reasons.
  • The torches will be incorporated into the Client's medical waste destruction systems.
  • The company plans to deliver both Air Plasma Torch systems in Q1 2022. The two systems are low-powered and different from the high-powered torches offered to other industries.
  • Price Action: PYR shares are trading higher by 8.21% a $4.0688 on the last check Tuesday.
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