QRR

PyroGenesis Receives Exchange Approval for Block Sale of HPQ Silicon Inc. Shares

Retrieved on: 
Wednesday, April 17, 2024

The sale was conducted as of April 10, 2024, for an aggregate purchase price of $661,447.50, representing a per share price of $0.175.

Key Points: 
  • The sale was conducted as of April 10, 2024, for an aggregate purchase price of $661,447.50, representing a per share price of $0.175.
  • The transaction was previously approved unanimously by the board of directors of PyroGenesis, with Mr. Pascali abstaining.
  • The QRR project is an initiative to create high purity silicon from quartz in a single step using a plasma reactor.
  • This royalty stream can, at any time, be converted by PyroGenesis into a 50% ownership in HPQ’s remaining equity stake in HPQ Polvere.

PyroGenesis Announces Block Sale of HPQ Silicon Inc. Shares to its President and CEO

Retrieved on: 
Thursday, April 11, 2024

The transaction was approved unanimously by the board of directors of PyroGenesis with Mr. Pascali abstaining and will close immediately following receipt of regulatory approval.

Key Points: 
  • The transaction was approved unanimously by the board of directors of PyroGenesis with Mr. Pascali abstaining and will close immediately following receipt of regulatory approval.
  • “This sale will bring PyroGenesis an influx of cash on favourable terms,” said Andre Mainella, Chief Financial Officer of PyroGenesis.
  • For the FSR project, the Company benefits from a royalty payment representing 10% of HPQ Polvere’s eventual sales, with set minimums.
  • This royalty stream can, at any time, be converted by PyroGenesis into a 50% ownership in HPQ’s remaining equity stake in HPQ Polvere.

PyroGenesis Announces Successful Silicon “Pour” Validating all Critical Milestones

Retrieved on: 
Wednesday, October 11, 2023

Achieving one-step production of 3N+ Silicon or battery-grade Silicon.

Key Points: 
  • Achieving one-step production of 3N+ Silicon or battery-grade Silicon.
  • With the achievement of the silicon pour, this phase of the project is now complete, setting the stage for transitioning to commercial production.
  • “In many ways, this silicon pour is the crowning achievement in the development of this QRR pilot plant,” said Mr. P. Peter Pascali, CEO of PyroGenesis.
  • Silicon has been identified as a critical mineral by many governments worldwide.

PyroGenesis Provides Update on the PUREVAP™ Quartz Reduction Reactor and Fumed Silica Projects with HPQ Silicon Inc.

Retrieved on: 
Tuesday, October 3, 2023

As part of the terms of both projects with HPQ, PyroGenesis benefits from a royalty payment representing 10% of the Client’s eventual sales, with set minimums.

Key Points: 
  • As part of the terms of both projects with HPQ, PyroGenesis benefits from a royalty payment representing 10% of the Client’s eventual sales, with set minimums.
  • With respect to the FSR with HPQ Silica Polvere Inc. (“HPQ Polvere”), a wholly owned subsidiary of HPQ, this royalty stream, can, at any time, be converted by PyroGenesis into a 50% ownership in HPQ Polvere.
  • As noted by HPQ , the demand for silicon (Si) is projected to surpass 3.8 million tonnes and be valued between US$15 billion and US$20 billion by 2025.
  • Next Steps for Fumed Silica Reactor: The Path to Commercialization
    “In the FSR project, PyroGenesis is the unique supplier of a technology capable of using quartz (SiO2) as a raw material to produce commercial-grade fumed silica, in a single step.

Important Achievement in Silicon Production Process for HPQ Silicon Using PyroGenesis’ PUREVAP Quartz Reduction Reactor

Retrieved on: 
Thursday, June 1, 2023

“We are pleased to confirm the test results announced earlier today by HPQ”, said Mr. P. Peter Pascali, CEO and President of PyroGenesis.

Key Points: 
  • “We are pleased to confirm the test results announced earlier today by HPQ”, said Mr. P. Peter Pascali, CEO and President of PyroGenesis.
  • Subject to this additional testing and planning, HPQ will then determine the number of PUREVAP QRR systems required for the construction of a full commercial plant.
  • As noted previously , HPQ believes that, based on what is known today, at least two PUREVAP QRR systems, with each reactor capable of producing 2,500 MT of high-purity silicon per year, would be required.
  • PyroGenesis and HPQ have estimated the cost of each PUREVAP QRR system to be at least $20 million.

Tektronix Releases Oscilloscope-based Double Pulse Test Solution that speeds up validation time on SiC & GaN Technologies

Retrieved on: 
Wednesday, May 31, 2023

BEAVERTON, Ore., May 31, 2023 /PRNewswire/ -- Tektronix, Inc , a leading provider in test and measurement solutions, today announced a new release of its Double Pulse Test solution (WBG-DPT solution).

Key Points: 
  • BEAVERTON, Ore., May 31, 2023 /PRNewswire/ -- Tektronix, Inc , a leading provider in test and measurement solutions, today announced a new release of its Double Pulse Test solution (WBG-DPT solution).
  • Measurements are also designed to align with JEDEC and IEC standards for double pulse testing and diode reverse recovery.
  • Test automation reduces test times and retesting errors, ensuring our customers meet their project timelines and time to market plans."
  • The Tektronix Wide Bandgap Double Pulse Test solution is available now for global customers.

PyroGenesis Provides Update on the PUREVAP™ QRR Project with HPQ Silicon Inc.

Retrieved on: 
Thursday, February 2, 2023

The process testing referred to in the HPQ press release dated January 19th, 2023 , is moving forward as expected and represents, in management’s opinion, a key development in the overall project.

Key Points: 
  • The process testing referred to in the HPQ press release dated January 19th, 2023 , is moving forward as expected and represents, in management’s opinion, a key development in the overall project.
  • In addition to this, the subsequent commercial systems required by HPQ for commercialization would be manufactured by PyroGenesis.
  • Although these current tests and the subsequent engineering study will determine the profitability of the project, they will also determine the exact number of reactors required.
  • As part of the terms of the contract with HPQ, PyroGenesis benefits from a royalty payment representing 10% of the Client’s sales, with set minimums.

PyroGenesis Announces Successful Operational Testing of the PUREVAP™ QRR Pilot Plant for HPQ Silicon Inc

Retrieved on: 
Tuesday, November 8, 2022

The GEN3 PUREVAP QRR pilot plant, the first state-of-the-art prototype of its kind, includes multiple systems that must operate at extremely high temperatures, under vacuum, and under harsh conditions.

Key Points: 
  • The GEN3 PUREVAP QRR pilot plant, the first state-of-the-art prototype of its kind, includes multiple systems that must operate at extremely high temperatures, under vacuum, and under harsh conditions.
  • The Company is pleased to announce that the carbon liner substance remained intact, signifying that the system performed beyond expectations.
  • This test included a final continuous operational period of 72 hours at high power.
  • Based on these results, reactants can now be introduced into the pilot plant for the purpose of creating high purity silicon test & sample batches for distribution to potential buyers.

PyroGenesis’ Gen3 PUREVAP™ QRR Pilot Plant is Installed, Commissioned, Powered up, and Moves to Operational Testing for HPQ Silicon Inc.

Retrieved on: 
Thursday, October 6, 2022

The GEN3 PUREVAP QRR pilot plant, the first state-of-the-art prototype of its kind, includes multiple systems that must operate under harsh conditions, at extremely high temperatures and under vacuum.

Key Points: 
  • The GEN3 PUREVAP QRR pilot plant, the first state-of-the-art prototype of its kind, includes multiple systems that must operate under harsh conditions, at extremely high temperatures and under vacuum.
  • We could not be more proud to be a part of, and play an important role in, the development of GHG reduction technology.
  • We firmly believe that the PUREVAP process will prove to be a game changer, and an enabling technology. "
  • As part of the terms of the contract with HPQ, PyroGenesis benefits from a royalty payment representing 10% of the Clients sales, with set minimums.

GODADDY REPORTS FIRST QUARTER 2022 EARNINGS RESULTS

Retrieved on: 
Wednesday, May 4, 2022

TEMPE, Ariz., May 4, 2022 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, today reported financial results for the first quarter ended March 31, 2022.

Key Points: 
  • During the first quarter, GoDaddy launched Commerce Plus directed at larger customers with more complex needs.
  • For the second quarter ending June 30, 2022, GoDaddy targets total revenue in the range of $1.01 billion to $1.02 billion, representing year over year growth of 9% at the midpoint.
  • For the second quarter ending June 30, 2022, GoDaddy targets normalized EBITDA in the range of $232 million to $237 million, representing year over year growth of 18% at the midpoint.
  • GoDaddy will host a conference call and webcast to discuss first quarter 2022 results at 5:00 p.m. Eastern Time on May4, 2022.