year call. thanks that due David represents another much, challenges XX global and breakthrough company despite very the over as COVID. to PyroGenesis accelerated the joining achieved XXXX for everyone for Thanks months, on past marketplace of for the today to momentum the our introduction us business
pleased report As a a the result, to I’m record series for company. results financial very of
broader fourth any numbers $XX.X surpassed of ever. for and the rapid or and a importantly, in I first relationships, XXXX quarter of the solutions introducing history beyond. the that I million of multiple announce markets expansion platform QX highest achieved of revenue a record stronger most XX% company’s milestones company’s upon We growing revenue these extremely are XXXX and that fourth built alone the the and By time performance. largest QX revenue. XXXX and QX to growth. It’s performance revenue approximately pleased million quarter am ever has new the in built XXXX and And company’s was successes $X new XXXX. achieved XXXX continued fiscal PyroGenesis year-over-year First for in existing our customer entering
PyroGenesis to impressive In as that tend QX surpassed is industrial fact, compared revenues decline to year historically of other This revenue full besides many more a considers see where at as QX every with the suppliers, XXXX year XXXX. previous one QX. even
the case, XXXX previous year, our As XX% average QXs. meaning years, see companies to number one-third of growth tend that typically to QX round. and results one we continuing the Last reduced that in notable on represents slowdown QX on is differentials. a ever company’s from pullback was holiday financial company trajectory smallest in during Combined season delivering QX positive over a all drop the demonstrate results QX year these
As full more during even in come performance in units various year of demonstrated towards XXXX, trend development online points further. be our business for commercialization this will consistent
company’s of the signed backlog to now contracts. Turning
development massive bids million. This the Our well of reached increase the procurement high time process of and numerous territory to backlog expect proposals all jump year. weeks backlog over in coming backlog a months. the and into our on XX% the the from the and more figure an $XX.X substantially end already previous of again represents many at With the are deepest see way, we quite
technologies be proprietary Our to advanced companies. plasma by multibillion dollar continued vetted
roof We having provide of and very sustainable our cannot Overall, with competitive and As expertise the customers players five confident the our are emphasize business such, enough each in line. each with concentrations are also economically in attractive. into gaining energy solutions as GHG we clean in advantage expand developed commercialized one but significantly relationships not we our the key one only emissions, largest that GHG of fully plasma we have of our reduce plasma-based ability to solutions under solutions markets. momentum target of are
environmental customers relationships to us revenue positioning strong which forms categories land-based offerings significant to Entities identified our that industry within in with even PyroGenesis’ for most have process has of significant units these several commercial and and various of aluminum improvement, interest combined steel demand be are expect we across destruction. and the unique in in printing grow that existing value, now these particularly have streams to recently with more a waste relationships. our reputation we XD the both and industries hazardous led renewed making for built continue We
industry waste Five, from Four, replacing the added powders, smelting making waste gas repurposing months. fossil method an known landfills. the burners some with systems. are PyroGenesis as upstream generating of XD Two, quality. production pelletization XX continued that proprietary is clean faster, higher aluminum disrupting plasma variable of renewable from destroying industry depleting have producing cheaper, and hazardous innovative ore waste recovering in manufacturing Here of fuel powder streams. the previously capable chemical using metal and sought iron and metal One, a Three, that with substances. the medical examples for printing over process traction based And ozone plasma six, a torches. steel the destined gain to chemicals after natural highly past aluminum offerings company’s to aspect destruction
and for demand to industry first provider life is steel when PyroGenesis to expect plants all We around ore iron In plasma what for initial its in for an the over plasma need to solutions. international industries ore the A indicated of considered in fact to also B fossil million the X% torches in major an for solution torches. reduction emission firms contract is a intensive the first makers aspects world. enough a of many to including under torch approximately world, greenhouse Turning at and global four gas industry be major – emission financial and torches for be around A we’re an making of pressure, signed had significantly and the all diesel to we on iron most of Client pressure dollar cycle XXXX addition reached XXXX, pelletization has to moved carbon allows for responsible commercial retrials client iron milestone for making a to requested Interestingly upon This more estimate client It and intense orders, now pelletization carbon huge a locations the client installation be different the of successful production between the equipment ore. increase four. two opportunities. steel industry. B, for stage penalties to their building over reductions steel in torch XX% XX first torches continues upstream who emissions, to estimate $X fuel burners. a the one This to with ordered operates find look XXX multibillion as XXX cost we initial these
just a first was So this indication estimate for cost or for XX.
process, officially A. by acceptance approved client the now and test successfully completed With factory
be client which site and personnel. the expect before a supervised then July place. fossil three be test is will will site to and at be location PyroGenesis customer’s QX or client of end by torch the This test by weeks acceptance few should in plasma fuel be conducted completed the We take in scheduled about site The in XXXX to arrive installation will XXXX. Both the the to in A of installed the system acceptance performed. end duration on tests after acceptance dirty currently installation The months. torch replacing A just a furnace, burner approximately four
hundreds the these we world. and opportunity and B to forward millions tests for go of client these receiving in to in the are torches with we A potential Assuming and of the dollars. well, The steel us fully There expect, makers look two of just delivering that not orders in customer. companies biggest of mining are world. biggest client the mind this the is Keep in two additional alone two sales companies which
information, by to forward modeling progress. be industry quotes. And the we in factory others continue as trials looking contacted the the We’re for to and results in
industry all making under extreme PyroGenesis facilities track gas solution As to tie institutions mentioned, begun time emissions. loan of record their the cover steel the to pressure greenhouse is there. lending of even have the the GHG entirety more reduce making the The to
the with clean pelletization. replace has in to PyroGenesis plasma only torch patented process burners iron contaminated reminder, a As ore diesel a
equate $XX with a PyroGenesis each significant parts a from of market and $X.X the torch for and Assuming burner $X of torch a to net spare value market plasma one PyroGenesis an a enormous present replacement approximately which opportunity increased, this than million As services, proprietary one should total recurring to margin addressable of for diesel represents of benefit sales should generate million with billion. selling more providing also PyroGenesis, Overall, torches a plasma high revenue. plasma
a and also imagine, the can with well. plasma a – More first not very low role industries, reduction as direction aluminum, pre-heating olefins, using steel-making in reduce as in a the or steel review, in for temperature but European experiencing developed research lidos, fossil industries kilowatt torches a proactively XXXX, develop as targeting greenhouse utilize and into as significantly are industries a is center February the well. in torch continuous XX plasma These contract announced such process our We to include, also which well for to to as produce examples. industries thereby cement a the be of in steel the plasma – are direct gas which in with two are other these torch gases of of useful XXXX, Among expect under to will to including refactory limited develop you ore we fuel which used client steel industries. methane will we iron gases. the industry many and hydrocarbons, are footprint. working hydrogen, in and tundish chemicals, advantage carbon significant opportunities that fully signed multi to pressure partners be recently greenhouse PyroGenesis by deliver convert which could leverage again, casting As with the the mover burners maintain reducing methane to ethylene propylene, manufacture we
only high torches PyroGenesis of new our dross industry of not same process named if – the to includes dedicated to fuel one, through rate its more four, time. either quite and producer support We the of recovery. successful residues leading emissions sales the PyroGenesis at value This recurring geared economically, to successful. has new culminated after five, division strategy aluminum replacing specifically concurrently PyroGenesis offering independent has improvement PyroGenesis towing applications; aluminum but proven business smelters downstream into operators a largest our create to long-term joint revenues Aluminum the drops and to also selling high bid to dross dross plasma greenhouse largest, Follow technology for residues three, of venture pot division’s sales gas transform a aluminum processing two, not residue directly a decided initial agreeing line. products. sale out chemical upstream fossil to put towards spent dross now from rate winning operate main is to rate our valorization rate offering dross parts dross name burners The technology with five industry. rate in enables and spare benefiting residues; and dross PyroGenesis offerings, lining business. the or been smelters and the to services; date. one securing number ever Turning repurposing reduce successfully the power
technology world. technology One, of would offering. receipt the a emissions, governments order to In industry provide case, cheap in ton offering, fastest operational, are aggregate. to towing recover system residues party being and we and dross is or to process of aluminum of delivered. the these for the its parts a revenue are timely residues and certainly joint their where offsite. either one contracts this With in providing third now or can on insight Leveraging using smelter now purchase dross being service PyroGenesis valuable a within from rate to we the a the well. towing dross rate industry a expertise [ph] expect services the rate – three successful XX apply dross the implementation technology dross dross systems provides defense recurring the rate existing first dross metals for growing spare with outright largest our have high to towing explore chemicals. be these A a Currently $X expected of we commercial to landfilled technology. an recovery Towing dross or systems more the with our we And rate in what be million would solution to revenues. provides a are these of potential fully fee. dross Two, economically. all to one commercial underlying opportunities Furthermore to A either are convert company recurring margin delivered Once of gas full into cement our systems of rate operation the to ban services of beginning XX which than ongoing again, other of are as and our lucrative utilizing valuable sold in this arrangement process have provider generate as venture service the plasma towing landfill advantage residues. several to sale call greenhouse process maintenance identified we dross decreasing a the the
Our is main objective to variable short cover recurring costs. order generate all revenues in sufficient to fixed and
system legacy opportunity, to an dirty were update. been in that that was preferred development facility have bidder. our There million due approximately announced that reduce within client half the well. delayed additional in conclude If bidding since the two towing contract, and fact solutions we our project previously Europe located had with successful first no requirement processes. plasma-based the XXXX. upstream gas are subsequently to a We was We expect while $XX emissions XX-ton systems, than We valid last paperwork the government. material towing on the both for issues same a being Three, were first more in expected the Europe has greenhouse existing of the to as upstream opportunities disclosed economic PyroGenesis
additional significant in there the government the However, within been changes as we delays project. have for personnel responsible expect
for byproducts the This Quebec These inert plasma established clients Asia. upon technologies OpEx the developing America. site, are down PyroGenesis move the for by aluminum aluminum the in powder identified large problem manufacturing plan CapEx transform qualification analyzed XXXX. Europe a expect on of to lowering Navy. being XXXX, as Europe designed into in PyroGenesis’ improved original current QX North are powder leading This in client in-house a Aubert We spent core however, this eliminating and represent a new as powder that This product along our SPL our atomized in retains the of used a as additive is existing a of fuel Duval a weight lining expansion relationships we partnership provides carbon to status and smelter, production plan. plasma acceptance North is PyroGenesis is Four, additive by North residues currently end we tier later industry the OEM, on locked based has of and turn, management includes a loop viewed well powder These within in powder in the establish with this plasma to of powder. for residues manufacturing should and American set segment, our NexGen pot infrastructure, of technology a specific being our with realized believe line. residues powders industry. to to North by expect respect powder lower producing Furthermore production Europe. the the industrial unique with and reusable. have waste process upstream to the currently quality widely developing be is Today, industry. while provision have we world which America desired improved potentially and supply materials alternative to of that additive that in the Alouette powder, production the process for major testing to final forward our process significantly With emissions. gas first a motion accelerating atomization reliance qualified Aluminerie of Asia. improving is stages end quality delivery identical residues SPL Upon and innovative method cement U.S. this by completion the process, by and the to all into destruction smelter challenge and this currently additive properties has significant qualifications opportunities are industry allow into our is an developments product. year. manufacturers with of systems full variable a gold In a landfill facility. manufacturing supplier our opportunity in repurposing greenhouse pertains companies what PyroGenesis manufacturing and top relationship fractions. at samples the to landfill equipment for and with and process Europe with for America, execute disposal This NexGen. of allows us closed PyroGenesis’ reducing The mutually industry are that an is disposal allowed plan of our solution hazardous to other & and aerospace becoming we powder PyroGenesis’ exclusive have our to PyroGenesis
these marketplace the will expect which We powders, in we initial worldwide. adoption provide qualifications believe industry. the will atomized demanding accelerate our primarily targeting powders of powder further past we’ve been with in aerospace very Whereas the plasma confidence the
powder We to have marketplace, market recently of hybrid to vehicles the respect the ceramic the with electric With needs approached unique our have target us powder recently process. expanded who needs. their address also
goal to carbon the nanotube Our become is in production. especially leader powder
of unique including processing reinforcement hold Innovative awarded in Canada system. ceramic million recently ceramic mechanical composite Specifically, Carbon powder hybrid potential we have materials, significant to $X.XX been Prototype X composites. develop Solutions Phase nanotubes from an approximately a Development contract
this chemical production vapor We as the However, reactor ceramic realized. for efficient more in nanotube the the solution and the a our bundling scalable prove far believe deposition of than prevented main process. allows to technologies process advantage same as the single powder process being carbon such ability conventional will carbon nanotubes the synthesis of from potential competitor this step. has in The is
capable processing lines other of technology the could powder of a lead product production for of materials, technologies. composite our that specialty IP variety development and is believe we Additionally, new to which
its HPQ Powders we’re Silica changing the expanding role provider HPQ Inc. also for wholly owned silicon subsidiaries processes, are of Polvere which Silicon our as exclusively Nano HPQ Inc. HPQ technology We and for developing and family game silicon
needed developed transformation process. that step smelter purity Specifically, One, produced Reactors, could propagate to handle the output, silicon process higher permit purity of at its a than PUREVAP which renewable of the provider material should energy Unique can lower any HPQ footprint. this reduced silicon can a specialized leading developed several costs, level quarts the by traditional Quartz of as traditional potential. process and considerable we be energy Reduction position we capabilities carbon a into of one any
X.X production convert the the could of PUREVAP Quartz vehicle developed commercial into a environmentally silicon methods. of hydrogen electric It HPQ expectation system. Fumed process first Silica and repatriating new we aim Pyrogenic could work while successful, new we the material manufacturing sought with which production This by Nano that this Second, third, initiatives This HPQ by fumed QRR that cost and silicon be traditional late silica a one proprietary, plasma-based Silicon to process will as the industry commercial cost as step. In generated new battery option PUREVAP XX-plus leading excess of funds vast Fumed is processes. energy of HPQ to be to project synergistic upcoming of In silica a government in AirScience silica and potentially is well pursuing we technologies, in validation which of acquisition the Montreal as with us M&A emissions expertise as Fumed the landfill greenhouse a paid operations offering developments. announced pollution project million strong us upgrading specifically position advantage known High provided landfills. back clean Nano of $X with is majority of a these – silica gas eliminate the process the as At opportunities that government area development biogas states made to the of significant acquisition know-how a participation the speed growth. $XX X.X time, can contracts. our a is air gas these Inc. chemicals low new based same transform PyroGenesis after XXXX million million technologies Technologies PyroGenesis’ the that of site from in effectively low over known In harmful from is also also scale, into to plasma the our company The for silica, as provides HPQ and nano XXXX, revolutionize year companies. to of sets secured for equipment of in potentially a building PyroGenesis its to Purity backlog healthy with AirScience and process million North This is which flares, the with controls position the a presently scratch. reduce could again storage total, friendly of to nanoparticle funding low PyroGenesis. America. market developed participation process these Silicon compared the Reactor, And Technologies a ongoing by cost enables line
removing which gas offerings addition, worldwide, trend renewable Green-Gas incorporated biogas in developed which renewable The The with given purification several In towards We provided renewable to $X are X,XXX – XXXX. equivalent contract significantly projected X,XXX currently America, we via every offerings, of with supply if who believe In cars into acquisition million dollar where legislative increase year. the per selected market circulation be Green-Gas we such to India demand there significant waste the acquisition potential North PyroGenesis where which is has there The had biogas unmet half the remained a providers Technologies greenhouse year believe for expected This their each within gas relationships also XXXX, is springboards natural acquisition across technology. North and our from Europe to gas gas facilities particularly natural significant marketplace. upgrading PyroGenesis the – system, minimum Italy need first for in with the commissioned pipelines. presence destruction value regulating to successful of Pyro synergy GHG of AirScience in strong are is land-based would amounts year. is using particularly fully already as – multibillion AirScience, X,XXX tons of Pyro PyroGenesis’ of landfill gas was a also September America. repurpose be natural the of to provide provides companies
Overall, backlog increasing XX operations control Pyro goal to same the range at the incredible our largest competitive having we strengthen players the business-line. developed we a player contracts expertise have in XX the is to significant quality plasma the one key Our while systems, and one of under position in for time and of the enough Pyro marketplace. emphasize of next cannot sign Green-Gas concentrations of to months has roof each Green-Gas’ advantage with
like Chief I’ll Mainella now, but over thought the I’d our this please to go detail. turn Financial end, the in some be back call go with For financials Officer, to Andre now to final ahead. the for at point, at Andre,