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Monday, June 26, 2017 1:50:14 PM
Pascali quotes-
At 4:40 in the video at Pascali interview June 6, 2017
"... and of the quality that we make, as far as we know there's only one other company that uses plasma atomization. It's a company that we allowed to use our technology."
That's some careful skating around some thin ice when he says, "... of the quality we make, as far as we know." On the AMG - ALD Vacuum Technologies website there's this about plasma atomization-
PIGA
For the production of ceramic-free powders and for the atomization of reactive, and/or high-melting alloys, melting can also be accomplished by means of a plasma jet in a water-cooled copper crucible. PIGA stands for plasma-melting induction-guiding gas atomization. The bottom of the PIGA crucible shown above is connected with an inductively heated discharge nozzle, also made of a copper base material. This ceramic-free discharge nozzle system guides the liquid metal stream into the gas atomization nozzle, where it is disintegrated by the inert gas.
At 3:20 in the video at Pascali interview June 6, 2017
"... 3D printing was still using plastics, we didn't know they would evolve into using titanium powders and we gave somebody else the right to use it."
This I call a lack of vision in Pyrogenesis management. At the time much was already written about developments in 3D metal additive manufacturing.
AMG-ALD plasma-melting induction-guiding gas atomization
I believe it's a good idea on everyone's part to read Pyrogenesis past filings at Sedar company filings search
One risk that the company is exposed to
In addition, the Company has experienced and has been dealing with technical issues under an existing contract with a customer based in Asia since December 31, 2015. At the date of this MD&A, these differences have not yet been resolved and the timing of the resolution remains uncertain. Management believes that the Company has respected the terms of the contract and expect to recover the full amounts owing under the contract from the customer. As such, the timing of the delivery of the remaining nine units, which was initially expected in 2016 for an amount of $9.6 million, is also dependent on the resolution of the differences between the Company and the customer. There is no assurance that the Company will be able to resolve these differences with the customer in its favour either through settlement or litigation. If the Company is unable to resolve these differences with the customer, this will adversely affect the Company’s financial position, financial performance and cash flows.
See Pyrogenesis management discussion and analysis
Disclosure: I'm in but I'm watching very closely.
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