April 7 (Reuters) - Pyrogenesis Canada Inc PYR.V
* In consideration of a non-compete agreement to be entered
with 3dco, pyrogenesis will, in addition, receive royalty
payments of up to 10% of powder production revenues from 3dco
(removes extra letter)
* Off additive manufacturing (3d printing) into an
independent public company
* Board of directors approved plan to spin-off 80% of its
additive manufacturing business into independent
publicly-traded co
* Name of spun off co shall be determined at later date but
for purposes herein, will be referred to as "3dco"
* 3Dco is expected to be in commercial production as early
as q3 2016
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Further company coverage: PYR.V