Mr. P. Peter Pascali reports

PYROGENESIS SIGNS INITIAL ORDER WITH GLOBAL AEROSPACE FIRM FOR "COARSE CUT" TITANIUM METAL POWDER FOR 3D PRINTING

PyroGenesis Canada Inc. has received a small signed order from a global aerospace firm. This order pertains to PyroGenesis's plasma atomized titanium metal powders designed for 3-D printing and is intended for one of the client's continuing internal research and development programs. Unlike the recently announced contract for fine powder, this new order is for coarse cut metal powder, typically considered a byproduct from the production runs that produce fine powders ranging from 20 microns to 45 microns in size.

The client is the large global aerospace original equipment manufacturer (OEM) in the United States with which the company has previously disclosed its continuing qualification process. The order was produced using the company's NexGen plasma atomization system and will soon be in transit to the client.

"The significance of this order is the particle size distribution (PSD) that has been requested," said P. Peter Pascali, chief executive officer and president of PyroGenesis. "The PSD for this order is for our coarse cut titanium powder, in this case for powder between 45 and 150 microns, which we have been producing over the past year as we build our stock inventory. This contract recognizes what we believe is the superior overall quality of our powder and establishes a market for a larger percentage of our powder output, thereby improving our overall returns substantially."

"With some traditional metal powder production processes, as the powder is created then filtered and separated into different cut sizes, the fine cut powder is removed for sale, with the remaining coarsest cut often considered of limited use or even discarded as unsuitable," said Massimo Dattilo, vice-president, PyroGenesis Additive. "However, with PyroGenesis Additive's NexGen plasma atomization system, the coarsest cut component of the production batch remains of such a high quality that we store these powders as inventory for future sales. By selling both the fine and coarse cut of each powder production run, the company's yield percentage from raw material is greatly enhanced, which is in line with the company's broader mandate for commodity security and optimization."

"Over the past several years, we designed then readied our new NexGen plasma atomization process with a goal to produce the highest-quality metal powders in the additive manufacturing industry," added Mr. Pascali. "PyroGenesis Additive has taken a cautious, methodical approach to its new production process. Now, with the full-scale commercialization under way, and a steady influx of initial orders, the long-term conservative strategy that has brought us to this point today is bearing fruit."

The company's development of high-quality titanium metal powders is part of the company's three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Metal powders are part of the company's commodity security and optimization tier, where the recovery of viable metals and the optimization of production to increase output help to maximize raw materials and improve the availability of critical minerals. Titanium has been identified as a critical mineral by the Canadian government.

About PyroGenesis Canada Inc.

PyroGenesis Canada, a high-technology company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions that reduce greenhouse gases (GHGs) 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-square-metre and 2,940-square-metre 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.

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