This first system is contracted at approximately $6MM, not including ongoing after-sales support of an indeterminate amount. PyroGenesis’ patented SPARC™ system is based on the technology platform originally developed by the Company for both the U.S. Navy and U.S. Air Force. Powered by electricity, the SPARCTM system substantially reduces an operator’s carbon footprint while concurrently eliminating ozone-depleting substances. PyroGenesis has been contracted to design and build the SPARCTM refrigerant waste destruction system. PyroGenesis will also supervise and support contractors in the system installation within a new facility being built by the Client.

Source: CNN January 10, 2023 18:31 UTC