Hello Peter,

I wish you and all your employees a Merry Christmas, a Happy New Year and good luck and health for the future.

2021 has started well for us shareholders with the share price rising to over 12 can dollars, unfortunately this share price increase was somewhat exaggerated and the year now ends where we are despite very good progress this year also due to missed timelines.

Many or almost all investors are of course disappointed by the share price performance as 2021 was supposed to be our year, unfortunately it takes longer than expected for contracts to be signed, be it because of Covid, because of the sluggishness of such large companies or for whatever reason.

For my part, I stay long and do not sell a single share as long as other circumstances not yet known to me allow it.

I wish us the big breakthrough in 2022, if not 2022 then 2023. PyroGenesis technologies will catch on and no matter how long it takes PyroGenesis will become a Blueship company.

Hoping and joyfully expecting that we will not be disappointed,stay healthy and patient and who still has money left .....

Greetings and best Christmas wishes from Germany,

Gexe