Investorideas.com breaking new for AI, drones, GPS and technology

Friday, December 2, 2016

Gopher Protocol (OTCQB: $GOPH) to Present at LD Micro Main Event 2016 Conference

Gopher Protocol (OTCQB: $GOPH) to Present at LD Micro Main Event 2016 Conference



SANTA MONICA, CA - December 2, 2016 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB:GOPH) ("Gopher" and the "Company"), a development-stage company which specializes in the development of real-time, heuristic-based mobile technologies, and its partner, Guardian Patch LLC ("Guardian"), that Gopher will be a presenting company at the LD Micro Main Event 2016 conference in Los Angeles in December 2016 ("LD Micro") as previously reported. The Company intends to introduce its Guardian Patch technology at LD Micro.

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event). In 2015, LD Micro launched the first pure microcap index (LDMi) to exclusively provide intraday information on the entire sector. The LD Micro Main Event in December 2016 will host a collection of 240 companies from all around the globe, representing various industries, where some of the most influential names of the buy-side and sell-side gather to collaborate, research, and invest. The Main Event will take place on December 6th, 7th and 8th (Tuesday through Thursday) at the Luxe Sunset Boulevard Hotel, 11461 Sunset Blvd, Los Angeles, CA 90049.

The Company will present on December 6th and intend to hold a private party endorsed by LD-Micro on December 7th at private location by RSVP only.

"At LD Micro, the Company intends to attend the scheduled mixer on the evening of the conference kickoff and then present at the conference the next morning in the prime slot, where we intend to unveil main flagship product currently under development, the Guardian Patch," said Michael Murray the Company, CEO.

The Guardian Sphere (the "Sphere") system is a derivative technology of the Company's Guardian Patch technology. The Sphere is designed to provide its users with local tracking capability using a re-chargeable/replaceable battery source. The objective of the Company's current efforts, which the Company hopes to achieve, is to deliver for testing in a pre-designated area 50 Guardian pet devices along with a base station, test results and eventual manufacturing capability for both the mobile and the base unit.


About Guardian Patch
The Guardian Patch (the "Patch"), potentially arriving in consumer markets in 2017, is a unique location technology that works with or without GPS.  The Patch is a "stick-on" device that provides its users with the capability to protect and track objects, a loved-one or even a pet, through a mobile application.  Download the Patch app, register your patch, and track anything that you own on your mobile device or on our designated website.  Register the Patches of your family members and friends to receive alerts in the event of an emergency.  Peel the Patch off and the Patch acts as a beacon, sending out a signal and notifying anyone who has registered the user's Patch.

About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher” and the "Company") (http://gopherprotocol.com/) is a development-stage company developing a real-time, heuristic-based mobile technology.  Upon development, the technology will consist of a smart microchip, mobile application software and supporting software that will run on a server.  The system contemplates the creation of a global network.  Gopher believes this will be the first system that is developed using a human, heuristic-based analysis engine.  Since the core of the system will be its advanced microchip technology that will be capable of being installed in any mobile device worldwide, Gopher expects that this will result in an internal, private network between all mobile devices utilizing the microchip by providing mobile technology for computing power enhancement, advanced mobile database management/sharing and other additional mobile features.

Corporate Site: http://gopherprotocol.com
Consumer and product website for Guardian Patch: http://www.guardianpatch.com/.

Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements".  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change.  However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact:
Dr. Danny Rittman CTO
Gopher Protocol Inc.
VM Only 888-685-7336

Visit this company: http://gopherprotocol.com/

More info on GOPH at Investorideas.com Visit: http://www.investorideas.com/CO/GOPH/

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Sign up for free news alerts

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: GOPH is a PR, social media and publishing client and compensates Investorideas.com (effective April 4, 2016 - three thousand five hundred per month) More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.





Wednesday, November 30, 2016

Tech Interview; Gopher Protocol’s (OTCQB: $GOPH) Management Talks about Funding the Future of their Unique Tracking /Location Technology

Tech Interview; Gopher Protocol’s (OTCQB:  $GOPH) Management Talks about Funding the Future of their Unique Tracking /Location Technology

Tracking Pets, People and Phones with Revolutionary Tracking Technology that can work with or without GPS



San Diego, California, Point Roberts WA, -November 30,  2016 - Investorideas.com, a global news source covering tech stocks interviews  management of Gopher Protocol Inc. (OTCQB:GOPH) to gain insight on the rollout of the company’s leading edge tracking technology  under development and how they  are funding its future.

Mr. Michael D. Murray Chairman, CEO and President discusses recent developments, news and the planned funding, while Danny Rittman, CTO of Gopher Protocol Inc. explains the technology platform and portfolio.

Interview
Q: Investorideas.com
For investors that are hearing about your Company for the first time can you give a brief summary of the technology platform  and the list of current  products in development based on the technology?
  
A: Mr. Michael D. Murray Chairman, CEO and President
I can talk all day about it…Gopher Protocol Inc. is a development-stage company developing a real-time, heuristic-based mobile technology. Upon full development, the technology will consist of a smart microchip, mobile application and supporting software that will run on a server. The system contemplates the creation of a global network; we name it GopherInsight™.

While we are currently developing the hardware, software and a variety of products you can find a full description of our products in our our last 10-Q filing under Item 2. In short, on the software side we have developed and are continuing to develop: PUZPIX, GuardianPack as operating products, Epsilon EDA (Reliability-Aware Design Environment software), Sigma (System and method for Automatic Generation of Integrated Circuits Layout IP Blocks). On the hardware/software products we developing the Sphere (pre-launching) and the GuardianPatch. 

Q: Investorideas.com
Michael, your company is currently raising capital in a PPM for accredited investors for commercialization, marketing and product rollout.  Can you talk about the specific products you are allocating the funds to proportionately?

A: Mr. Michael D. Murray Chairman, CEO and President
As the filing disclose – Under Use of Proceeds: The net proceeds of the Offering are expected to be used to implement its business plan and for other general working capital purposes but will NOT be used under ANY circumstances to pay off EXISTING debt or any pending payable balance, other than payable that been accrued from the date of this offering and forward.”

Our first campaign will be the commercialization, marketing and releasing the Sphere. The Guardian Sphere (the "Sphere") system is a derivative technology of the Company's Guardian Patch technology. The Sphere is both hardware and software designed to provide its users with local tracking capability using a re-chargeable/replaceable battery source.


Q: Investorideas.com
Can you discuss the terms of the placement and explain how accredited investors can subscribe if interested and also where investors can get more details on the opportunity and also the associated risk?

A: Mr. Michael D. Murray Chairman, CEO and President
We are conducting a private offering under Rule 506(c) which allows for general solicitation.  However, we will only be selling to accredited investors.  The PPM includes a questionnaire to the investor which simply walks the investor through the relevant laws. The Company, as of this time, has not engaged any broker dealer or any third party for soliciting or distribution. We will create a landing page and website with the various packages that will be available to all, which we will announce. Any accredited investor may directly approach the Company.

Q: Investorideas.com
Danny as the CTO can you explain what differentiates your product line currently under development from existing technology in the marketplace?

A: Danny Rittman, CTO of Gopher Protocol Inc.
Most products rely on GPS technology and need a carrier to transmit signals. Our technology uses GPS if it is available, but it does not rely solely on GPS. When GPS is not available, our propitiatory GopherInsight™ technology “kicks in” and tracks or locates objects without GPS. Our GEOposition system calculates the object’s geographical location and transmits the signal through its own private, secured network, via its proprietary protocol. In a way, one can say that GopherInsight™ mobile technology allows to “retire” the needs of a conventional carrier.

Q: Investorideas.com
Danny can you give us a short update on the status of the development of the product pipeline in terms of recent testing ?

A: Danny Rittman, CTO of Gopher Protocol Inc.
Presently we are testing the Guardian Sphere prototype in urban areas, mostly Los Angeles. We issued, via Guardian Patch, LLC, a Statement of Work for the development of the Guardian Sphere and its Base System – Proto Sample – prior to mass production. From here we are going for mass production of our Guardian Sphere system.


Q: Investorideas.com
Danny can you let investors and consumers know where they can download apps and what is available to view and participate in currently so they can have first-hand  understanding of the technology ?

A: Danny Rittman, CTO of Gopher Protocol Inc.
PUZPIX, GuardianPatch and GuardianPack are available to all, for free on both Apple store and Google Play.


About Guardian Patch http://www.guardianpatch.com/

The Guardian Patch (the "Patch"), potentially arriving in consumer markets in 2017, is a unique location technology that works with or without GPS. The Patch is a "stick-on" device that provides its users with the capability to protect and track objects, loved-ones or even pets, through a mobile application. Download the Patch app, register your patch, and track anything that you own on your mobile device or on our designated website. Register the Patches of your family members and friends to receive alerts in the event of an emergency. Peel the Patch off and the Patch acts as a beacon, sending out a signal and notifying anyone who has registered the user's Patch.

About Gopher Protocol Inc.   http://gopherprotocol.com
Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher" and the "Company") (http://gopherprotocol.com) is a development-stage company developing a real-time, heuristic-based mobile technology. Upon development, the technology will consist of a smart microchip, mobile application software and supporting software that will run on a server. The system contemplates the creation of a global network. Gopher believes this will be the first system that is developed using a human, heuristic-based analysis engine. Since the core of the system will be its advanced microchip technology that will be capable of being installed in any mobile device worldwide, Gopher expects that this will result in an internal, private network between all mobile devices utilizing the microchip by providing mobile technology for computing power enhancement, advanced mobile database management/sharing and other additional mobile features.

Corporate Site: http://gopherprotocol.com

Press page/ press kit - http://gopherprotocol.com/?page_id=228

Consumer and product website for Guardian Patch: http://www.guardianpatch.com/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: GOPH is a PR , social media and publishing client and compensates Investorideas.com (  effective April 4, 2016 - three thousand five hundred per month )More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

About Investorideas.com - Global news source covering leading sectors including technology.

Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas

Contact Investorideas.com
800 665 0411




Tuesday, November 29, 2016

NXT-ID, Inc. (NASDAQ: $NXTD) to Present at Upcoming 9th Annual LD Micro Main Event

NXT-ID, Inc. (NASDAQ: $NXTD) to Present at Upcoming 9th Annual LD Micro Main Event



MELBOURNE, Florida - November 29, 2016 - -- (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ:NXTD) (NXTDW) ("NXT-ID" or the "Company") announces that it will be presenting at the upcoming 9th Annual LD Micro Main Event being held December 6,7, and 8th at the Luxe Sunset Boulevard Hotel in Los Angeles, CA. Nxt-ID's presentation will take place at 11 a.m. on Dec 8th (Track 2) for interested investors.

CEO, Gino Pereira will discuss the company's security technology portfolio, its recent acquisition of LogicMark and the flye smart card, customized exclusively for WorldVentures' DreamTrips Members.

The LD Micro Main Event is the largest independent conference for small/microcap companies and will feature 240 presenting companies.

View Nxt-ID's profile here: http://www.ldmicro.com/profile/NXTD

News Compliments of Accesswire

About LD Micro
LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event).

In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and microcap universe.

For those interested in attending, please contact David Scher at david@ldmicro.com or visit www.ldmicro.com/events for more information.


About NXT- ID Inc. - Mobile Security for a Mobile World
Nxt-ID, Inc. (NASDAQ: NXTD) is a security technology Company providing security for finance, assets and healthcare. The Company's innovative MobileBio® solution mitigates risks associated with mobile computing, m-commerce and smart OS-enabled devices. With extensive experience in biometric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies, the Company partners with industry leading companies to provide solutions for modern payment and the Internet of Things ("IoT") applications. The Company's wholly owned subsidiary, LogicMark, LLC, manufactures and distributes nonmonitored and monitored personal emergency response systems ("PERS") sold through the United States Department of Veterans Affairs ("VA"), healthcare durable medical equipment dealers and distributors and monitored security dealers and distributors. http://nxt-id.com/,  http://wocketwallet.com/, http://www.logicmark.com.

Forward-Looking Statements for NXT-ID: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

NXT- ID Inc Contact :
Corporate info: info@nxt-id.com

Media:
D. Van Zant
800 665-0411


More info on NXTD at Investorideas.com Visit: http://www.investorideas.com/CO/NXT/

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Sign up for free news alerts

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp.  Disclosure: Nxt-ID, Inc. (NXTD)  is a long term paid news publication and PR client of Investorideas.com. Renewed October 1, 2016 – see details at http://www.investorideas.com/About/News/Clientspecifics.asp






GuardianPack by Gopher Protocol (OTCQB: $GOPH) Basic Version Available on IOS and Android GPS/Cellular-Based Application for Tracking Groups Over Smartphones

GuardianPack by Gopher Protocol (OTCQB: $GOPH) Basic Version Available on IOS and Android GPS/Cellular-Based Application for Tracking Groups Over Smartphones



SAN DIEGO, CA - November 29, 2016 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB:GOPH) ("Gopher" and the "Company"), a development-stage company which specializes in the development of real-time, heuristic-based mobile technologies, and its partner, Guardian Patch LLC ("Guardian"), announced today their basic test version of -- "GuardianPack" -- tracking application for groups, available on both IOS and Android systems.

The current basic version is a mobile application to track groups and families via GPS map. The app aim is to enable group tracking in real time. The user creates a group for a period of time and invites members into the group. The app includes a FindMeNow feature. This feature guides users to reach members by drawing path on the map. GuardianPack runs on the user mobile device to allow him/her to view his/her pack members on a map and find the route to members, anywhere.

The Company and Guardian are currently developing the next version of GuardianPack which will include more tracking features in locations covered by GPS.

The Company intends to provide the GuardianPack application for free to any user throughout the world, where advanced features in the future may require subscription.

"The additional features on the next version, will combine open information data on the app, which will inform the user in real-time about his/her point of interests. We also believe our technologies differentiate themselves from existing tracking applications by utilizing additional methods of tracking objects, deploying our proprietary geo-positioning, and GopherInsight™ technologies," stated Dr. Rittman, the Company's CTO. "We urge any mother or father engaged to create a family group -- and know precisely where your kids are at any given time; additionally, we will provide you with important information about the area they are in making you more aware," added Michael Murray, the Company CEO. "If you are employer, simply create an employee group, so you will know exactly where an associate is located, in real-time" suggested Mansour Khatib the Company, CMO.


About Guardian Patch
The Guardian Patch (the "Patch"), potentially arriving in consumer markets in 2017, is a unique location technology that works with or without GPS.  The Patch is a "stick-on" device that provides its users with the capability to protect and track objects, a loved-one or even a pet, through a mobile application.  Download the Patch app, register your patch, and track anything that you own on your mobile device or on our designated website.  Register the Patches of your family members and friends to receive alerts in the event of an emergency.  Peel the Patch off and the Patch acts as a beacon, sending out a signal and notifying anyone who has registered the user's Patch.

About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher” and the "Company") (http://gopherprotocol.com/) is a development-stage company developing a real-time, heuristic-based mobile technology.  Upon development, the technology will consist of a smart microchip, mobile application software and supporting software that will run on a server.  The system contemplates the creation of a global network.  Gopher believes this will be the first system that is developed using a human, heuristic-based analysis engine.  Since the core of the system will be its advanced microchip technology that will be capable of being installed in any mobile device worldwide, Gopher expects that this will result in an internal, private network between all mobile devices utilizing the microchip by providing mobile technology for computing power enhancement, advanced mobile database management/sharing and other additional mobile features.

Corporate Site: http://gopherprotocol.com
Consumer and product website for Guardian Patch: http://www.guardianpatch.com/.

Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements".  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change.  However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact:
Dr. Danny Rittman CTO
Gopher Protocol Inc.
VM Only 888-685-7336

Visit this company: http://gopherprotocol.com/

More info on GOPH at Investorideas.com Visit: http://www.investorideas.com/CO/GOPH/

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Sign up for free news alerts

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: GOPH is a PR , social media and publishing client and compensates Investorideas.com (effective April 4, 2016 - three thousand five hundred per month) More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.




Monday, November 28, 2016

#Tech News: PyroGenesis (TSX.V: $PYR) (OTC: $PYRNF) Q3 Results - Revenues Up 40%, Contracts $11.5

#Tech News: PyroGenesis (TSX.V: $PYR) (OTC: $PYRNF) Q3 Results - Revenues Up 40%, Contracts $11.5


PyroGenesis Canada Inc. (PYR.V/ PYRNF) reported its financial and operational results for the third quarter of fiscal year 2016.


Second Quarter Highlights
In Q3 of Fiscal 2016,
  • Revenues increased 40%; over the same period in 2015;
  • Gross margins before amortization of intangible assets increased to 64.2%; over the same period in 2015;
  • Adjusted EBITDA increased 138% to $253,574 over the same period in 2015.
Financial Summary
The third quarter has been positively impacted by the increase in business as over $11.5MM in contracts have been signed by the Company since June 30, 2016.
Gross margins before and after amortization of intangible assets, for both the third quarter and nine months have shown significant improvement over comparable periods in 2015. Cash flow, as measured by EBITDA (adjusted), is positive for the quarter ending September 30, 2016.
Operations for the periods under review reflect a significant improvement over the first half of the year which saw the Company transition from selling systems that make powders for Additive Manufacturing to actually making and selling these same powders.
The first six months of 2016, and as such the nine months under review here, were negatively impacted by this decision as work stopped on a previously announced contract to deliver powder producing systems for approximately $10MM, and as such significant pressure was placed on revenues and margins during this period. The strategic decision to produce powders for Additive Manufacturing (3D printing) was made once it was demonstrated to the board that the revenues and profits from selling powders from one system alone, far exceeded, on an annual basis, the onetime profit from selling 10 systems, and as such the Company announced on October 26, 2015, the strategy to move into this potentially lucrative market of producing powders for the Additive Manufacturing industry (3D printing).
Revenues
PyroGenesis recorded revenue of $1,902,748 in the third quarter of 2016 ("Q3, 2016"), representing an increase of 40% compared with $1,363,077 recorded in the third quarter of 2015 ("Q3, 2015"). Revenues for the nine first months of fiscal 2016 were $3,738,590, a decrease of 7% over revenues of $4,013,221 reported during the same period in 2015.
Revenues recorded in Q3, 2016 and the nine months of fiscal 2016 were generated primarily from (i) the intellectual property and development of a vacuum arc reducing process to convert Silica into high purity Silicon metal; (ii) the manufacture and further field testing of Tactical PACWADS, the first mobile plasma system for destruction of chemical warfare agents under contract with an international military consortium; (iii) the demonstration of the viability of PyroGenesis' existing plasma chemical warfare agent destruction platform with locally available materials, for the complete eradication of chemical warfare agents without creating hazardous by-products; (iv) support services related to PAWDS-Marine systems supplied to the US Navy, and (v) Drosrite™ sales.
"An investment in knowledge pays the best interest."
Info Source: www.TSXpennystocks.ca

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. The following is a paid for news release on Investorideas.com
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.