$15.7M Revenue and $55-60M Contract Backlog: PyroGenesis Powers Ahead in Defense, Industrial & Clean Tech Markets

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13d ago 42:21

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WHAT YOU NEED TO KNOW

$15.7M Revenue in 2024 — Up 27% year-over-year, with a contract backlog now exceeding $55M and growing internationally.
CEO Skin in the Game — Peter Pascali has invested $10M+ personally
Validated by the U.S. Navy — PAWDS systems installed on aircraft carriers like the USS Gerald R. Ford, with ongoing orders through 2032.
Breakthrough in Fumed Silica — Pilot production confirmed by independent lab; LOI signed with global leader Evonik for further commercial evaluation.
Industrial Decarbonization — Plasma torches deliver 45% energy savings and 30% faster melting

PyroGenesis Canada Inc. $PYR / $PYRGF isn’t just another small-cap tech hopeful—it’s generating real revenue and turning cutting-edge technology into commercial traction across multiple global industries. In 2024, the company reported $15.7 million in revenue, up from $12.3 million the year prior, alongside a growing contract backlog in the $55-60M range. Demand is being driven by signed and awarded contracts across the Middle East, Europe, and Asia, validating that PyroGenesis’ plasma-based technologies are gaining momentum in real-world industrial environments.

CEO INVESTMENT SIGNALS STRONG CONVICTION

In a rare show of long-term commitment, CEO Peter Pascali has personally invested more than $10 million into the company, including $2.3 million in the most recent financing round. That conviction is backed by performance, not promotion. PyroGenesis runs an asset-light business model, enabling global scalability without the heavy capital expenditures typical of industrial tech ventures.

VALIDATED BY THE U.S. NAVY

PyroGenesis' Plasma Arc Waste Destruction System (PAWDS) is already installed aboard U.S. Navy aircraft carriers, including the USS Gerald R. Ford. This is more than a proof of concept—it’s defense-grade technology in active operation, giving PyroGenesis rare credibility in the global defense sector.

BREAKTHROUGH IN CLEAN FUMED SILICA PRODUCTION

In clean tech, PyroGenesis has reached a major milestone in the production of fumed silica, an industrial compound used in coatings, batteries, and silicones. Unlike conventional methods, the company’s proprietary process significantly reduces energy use, carbon emissions, and production costs. A recent pilot run yielded high-purity fumed silica, independently verified by a third-party lab to contain no unexpected contaminants. Global chemical leader Evonik has signed a Letter of Intent to evaluate the technology for potential commercial collaboration.

PLASMA TORCHES DRIVING INDUSTRIAL DECARBONIZATION

PyroGenesis is also making strides in industrial decarbonization. Its plasma torch systems have demonstrated up to 45% energy savings and 30% faster melting times compared to traditional fossil-fuel burners. These performance gains have attracted the attention of firms like Norsk Hydro, which is exploring plasma electrification to reduce emissions in aluminum smelting.

A MULTI-LEGGED PLATFORM FOR SCALABLE GROWTH

Rather than relying on a single innovation, PyroGenesis is building what Pascali describes as a “multi-legged stool”—a diversified, validated portfolio of technologies spanning defense, clean materials, metals processing, and waste-to-energy. With growing revenue, global partnerships, third-party validation, and a management team heavily invested in its success, PyroGenesis stands out as a small-cap company executing at a global level.

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