- PyroGenesis ( NASDAQ: PYR ) said it had received the final contract of about $6M to provide its Sparc refrigerant waste destruction system to a materials company.
- The company has received the first payment of about $2.2M.
- PyroGenesis’ patented Sparc system is based on the technology platform developed for both the U.S. Navy and Air Force. It uses inexpensive steam as the plasma-forming gas to generate a hydrolysis reaction which destroys refrigerants.
- SPARC system reduces an operator’s carbon ( OTC:CARN ) footprint while concurrently eliminating ozone-depleting substances, including chemicals such as CFCs, HCFCs, HFCs, Halons, and PFCs.
- The project has an approximate production-to-delivery timeline of 18 months.
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PyroGenesis signs $6M contract to supply SPARC waste destruction system