PyroGenesis Provides Response to Impact of U.S. Tariffs
PyroGenesis (PYRGF) has addressed investor concerns regarding the impact of recent U.S.-Canada tariffs on its operations. The company maintains that these tariffs will have minimal to no direct negative effect on its bottom line, citing several key factors:
The company manufactures many key systems, including Drosrite™ aluminum metal dross recovery systems, in the U.S., while most other components are produced in non-tariff-targeted countries. Additionally, besides U.S. defense sector clients, the majority of PyroGenesis' current and prospective clients are located in Europe, Canada, and the Middle East.
The company's $58M backlog is primarily denominated in foreign currencies: 84% in USD, 4% in EUROs, and 12% in CAD. PyroGenesis operates across three vertical solutions: Commodity Security & Optimization, Energy Transition and Emission Reduction, and Waste Remediation.
PyroGenesis (PYRGF) ha affrontato le preoccupazioni degli investitori riguardo all'impatto delle recenti tariffe tra Stati Uniti e Canada sulle sue operazioni. L'azienda sostiene che queste tariffe avranno un effetto negativo diretto minimo o nullo sui suoi risultati, citando diversi fattori chiave:
L'azienda produce molti sistemi chiave, inclusi i sistemi di recupero della scoria in alluminio Drosrite™, negli Stati Uniti, mentre la maggior parte degli altri componenti è prodotta in paesi non soggetti a tariffe. Inoltre, oltre ai clienti del settore della difesa statunitense, la maggior parte dei clienti attuali e potenziali di PyroGenesis si trova in Europa, Canada e Medio Oriente.
Il portafoglio ordini di 58 milioni di dollari dell'azienda è principalmente denominato in valute estere: 84% in USD, 4% in EURO e 12% in CAD. PyroGenesis opera in tre soluzioni verticali: Sicurezza e Ottimizzazione delle Materie Prime, Transizione Energetica e Riduzione delle Emissioni, e Remediazione dei Rifiuti.
PyroGenesis (PYRGF) ha abordado las preocupaciones de los inversores sobre el impacto de los recientes aranceles entre EE. UU. y Canadá en sus operaciones. La empresa sostiene que estos aranceles tendrán un efecto negativo directo mínimo o nulo en sus resultados, citando varios factores clave:
La empresa fabrica muchos sistemas clave, incluidos los sistemas de recuperación de escoria de aluminio Drosrite™, en EE. UU., mientras que la mayoría de los demás componentes se producen en países que no están sujetos a aranceles. Además, además de los clientes del sector de defensa de EE. UU., la mayoría de los clientes actuales y potenciales de PyroGenesis se encuentran en Europa, Canadá y Medio Oriente.
El pedido acumulado de 58 millones de dólares de la empresa está principalmente denominado en monedas extranjeras: 84% en USD, 4% en EUROS y 12% en CAD. PyroGenesis opera en tres soluciones verticales: Seguridad y Optimización de Materias Primas, Transición Energética y Reducción de Emisiones, y Remediación de Residuos.
PyroGenesis (PYRGF)는 최근 미국-캐나다 관세가 자사 운영에 미치는 영향에 대한 투자자들의 우려를 해소했습니다. 회사는 이러한 관세가 수익에 미치는 직접적인 부정적 영향이 최소화되거나 전혀 없을 것이라고 주장하며, 여러 주요 요인을 언급했습니다:
회사는 Drosrite™ 알루미늄 금속 슬래그 회수 시스템을 포함한 많은 주요 시스템을 미국에서 제조하며, 대부분의 다른 구성 요소는 비관세 대상 국가에서 생산됩니다. 또한, 미국 방산 부문 고객 외에도 PyroGenesis의 현재 및 잠재 고객 대다수는 유럽, 캐나다 및 중동에 위치해 있습니다.
회사의 5,800만 달러의 백로그는 주로 외화로 표시됩니다: 84%는 USD, 4%는 유로, 12%는 CAD입니다. PyroGenesis는 세 가지 수직 솔루션에서 운영됩니다: 원자재 보안 및 최적화, 에너지 전환 및 배출 감소, 폐기물 정화.
PyroGenesis (PYRGF) a répondu aux préoccupations des investisseurs concernant l'impact des récents tarifs entre les États-Unis et le Canada sur ses opérations. L'entreprise soutient que ces tarifs auront un effet négatif direct minimal ou nul sur ses résultats, en citant plusieurs facteurs clés :
L'entreprise fabrique de nombreux systèmes clés, y compris les systèmes de récupération de scories en aluminium Drosrite™, aux États-Unis, tandis que la plupart des autres composants sont produits dans des pays non ciblés par les tarifs. De plus, en dehors des clients du secteur de la défense américain, la majorité des clients actuels et potentiels de PyroGenesis se trouvent en Europe, au Canada et au Moyen-Orient.
Le portefeuille de commandes de 58 millions de dollars de l'entreprise est principalement libellé en devises étrangères : 84 % en USD, 4 % en EURO et 12 % en CAD. PyroGenesis opère dans trois solutions verticales : Sécurité et Optimisation des Matières Premières, Transition Énergétique et Réduction des Émissions, et Remédiation des Déchets.
PyroGenesis (PYRGF) hat die Bedenken der Investoren hinsichtlich der Auswirkungen der jüngsten US-Kanada-Zölle auf seine Geschäftstätigkeit angesprochen. Das Unternehmen ist der Ansicht, dass diese Zölle minimale bis keine direkten negativen Auswirkungen auf die Bilanz haben werden und nennt mehrere Schlüsselfaktoren:
Das Unternehmen stellt viele wichtige Systeme, darunter die Drosrite™ Aluminium-Schlacke-Rückgewinnungssysteme, in den USA her, während die meisten anderen Komponenten in Ländern produziert werden, die nicht von Zöllen betroffen sind. Darüber hinaus befinden sich die meisten aktuellen und potenziellen Kunden von PyroGenesis, abgesehen von den US-Verteidigungskunden, in Europa, Kanada und dem Nahen Osten.
Der Auftragsbestand von 58 Millionen Dollar des Unternehmens ist hauptsächlich in Fremdwährungen denominiert: 84% in USD, 4% in EURO und 12% in CAD. PyroGenesis ist in drei vertikalen Lösungen tätig: Rohstoffsicherheit und -optimierung, Energiewende und Emissionsreduktion sowie Abfallbewirtschaftung.
- Manufacturing location in U.S. shields from tariff impact
- 84% of $58M backlog in USD provides currency stability
- Diverse international client base reduces market risk
- Strategic component sourcing from non-tariff-targeted countries
- 12% of backlog exposed to CAD currency fluctuations
The company continues to expect to be relatively unaffected by U.S. tariffs.
MONTREAL, March 04, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a high-tech company that designs, develops, manufactures and commercializes all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, provides the following comments in response to investor questions about the impact from the recently announced tariffs between the U.S. and Canada, specifically with regards to potential U.S. tariffs imposed on Canadian products.
Further to our press release dated February 4, 2025, management is of the continued opinion that the imposition of tariffs will have little to no direct negative impact on PyroGenesis’ bottom line. Notably, PyroGenesis manufactures and assembles many of its key systems outside of Canada, including its Drosrite™ aluminum metal dross recovery systems, which are manufactured in the U.S. Most of the components used in other PyroGenesis’ systems are manufactured outside of Canada in non-tariff-targeted countries.
Moreover, outside of clients in the U.S. defense sector, the bulk of PyroGenesis’ current and prospective clients are located outside of the United States, specifically in Europe, Canada, and the Middle East.
It is important to note that the majority of the company’s contracts are denominated in US dollars or EUROs, as many international clients conduct business in these currencies. Specifically, the backlog noted in our press release dated February 12, 2025, of
USD$:
EUROs:
CAD$:
PyroGenesis provides a number of technology solutions across a three-vertical solution ecosystem that aligns with economic drivers that are key to global heavy industry. The three verticals are Commodity Security & Optimization, Energy Transition and Emission Reduction, and Waste Remediation.
About PyroGenesis Inc.
PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis’ shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1).
Cautionary and Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in PyroGenesis’ latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis’ profile on SEDAR+ at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws.
Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release.
For further information please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
E-mail: ir@pyrogenesis.com
http://www.pyrogenesis.com
FAQ
How will the U.S.-Canada tariffs impact PyroGenesis (PYRGF) operations?
What is the current currency composition of PYRGF's $58M backlog?
Where are PyroGenesis (PYRGF) main manufacturing facilities located?
Which regions represent PYRGF's primary client base?
