Mr. P. Peter Pascali reports

PYROGENESIS CONFIRMS FIRST TITANIUM POWDER ORDER WITH SCIENTIFIC AEROSPACE RESEARCH ORGANIZATION

PyroGenesis Inc. has signed a contract with a scientific aerospace research organization for the supply of titanium metal powder produced by PyroGenesis's NexGen plasma atomization process. The client, which shall remain anonymous for confidentiality reasons, is based in Europe and provides research and testing of advanced techniques and systems to the European aerospace industry. The organization operates much like many other nationally operated research organizations, where government works together with leading companies within the aerospace sector to advance innovation and strengthen the industry.

The contract is for the supply of coarse-cut Ti64 powder, in particle size 45 to 106 microns. The powder produced by PyroGenesis's NexGen plasma atomization system will be shipped to the customer in the coming days. The powder is to be used as part of the customer's aerospace research and development program, in an electron beam melting manufacturing process. The contract terms will remain confidential for competitive reasons.

Project highlights

Scope:  supply of PyroGenesis's coarse-cut titanium metal powder in particle size 45 to 106 microns, produced by its NexGen plasma atomization system, to a European aerospace organization, for use in an electron beam melting (EBM) manufacturing process

Timeline:   the metal powder will be shipped to the customer in the coming days;

Strategic impact:  superior-quality titanium powder from PyroGenesis's NexGen plasma atomization process helps the client develop and test specialized applications that can move the European aerospace industry forward

"The order announced today is important for two reasons: (i) Not only is it the first contract with this very respected aerospace organization; but (ii) it's also the first contract for the specific particle size range of 45 to 106 microns," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "With this contract, we continue to methodically grow both our client base and the range of powders offered by the company. Notably, this adds to our expanding list of aerospace industry customers, in a sector we continue to develop and attract attention from."

Industry and market context:

• The global 3-D printing market for titanium powder is expected to increase from $214-million in 2023 to $1.4-billion by 2032.
• Titanium is classified as a critical mineral by both Canada and the United States.
• Titanium is used by multiple industries, including space, aerospace, defence, consumer electronics, medical, hydrogen and electric vehicles, due to its high strength-to-weight ratio and corrosion resistance.

PyroGenesis is the inventor of the plasma atomization process and in fact coined the term plasma atomization in its original patent. The company's NexGen system is a patented upgrade to what is considered the gold-standard process for the development of metal powder for additive manufacturing, also referred to as metal 3-D printing.

About PyroGenesis Inc.

PyroGenesis leverages 35 years of plasma technology leadership to deliver advanced engineering solutions to energy, propulsion, destruction, process heating, emissions and materials development challenges across heavy industry and defence. Its customers include global leaders in aluminum, aerospace, steel, iron ore, utilities, environmental services, military and government. From its Montreal headquarters and local manufacturing facilities, PyroGenesis's engineers, scientists and technicians drive innovation and commercialization of energy transition and ultrahigh-temperature technology. PyroGenesis's operations are ISO 9001:2015 and AS9100D certified, with ISO certification maintained since 1997. PyroGenesis's shares trade on the Toronto Stock Exchange (symbol: PYR), the OTCQX (symbol: PYRGF), and the Frankfurt Stock Exchange (symbol: 8PY1).

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