Mr. Peter Pascali reports

PYROGENESIS ANNOUNCES CONTRACT TOWARD TITANIUM POWDER SUPPLY AND DISTRIBUTION AGREEMENT WITH ASIAN MATERIALS COMPANY

PyroGenesis Inc. has signed a contract with a company based in Asia, for titanium powder produced by PyroGenesis's NexGen plasma atomization process. The initial contract is for the supply of three cut sizes, ranging from fine to coarse. The customer is a materials company (the client) supplying the Asian electronics market (specifically cell phone parts) whose name is being withheld for competitive reasons. The titanium will be used in the additive manufacturing of electronics components.

As outlined in the outlook section of PyroGenesis's Q4 2025 earnings report (press release dated March 30, 2026), the company has been in discussions with several companies who have expressed interest in titanium powders. The client announced today has been in discussions with PyroGenesis for several years during the company's progress toward full commercialization of its NexGen plasma atomization system. Initial discussions focused on the possibility of selling multiple systems, but after careful consideration PyroGenesis opted for the distribution model currently being discussed.

The contract announced today will allow the client to perform final testing and analysis of titanium powder Ti64 produced by the NexGen system, across three different particle sizes: 20- to 63-micrometre, 53- to 106-micrometre, and 53- to 150-micrometre. Once this process is complete, and assuming all regulatory and trade agreements are certified, the client has indicated it will require multiple tonnes of PyroGenesis's titanium powder per year. Final volumes are to be determined over the next few weeks. Separately, the client is negotiating to be the official supplier of PyroGenesis's titanium powder to the asian electronics, medical and aerospace industries.

Project highlights

Purpose:  provide a reliable, superior-quality titanium powder to the Asian market, for use in the additive manufacturing of components in electronics, medical and aerospace industries

Scope:  initial order for three different titanium powder particle sizes, for final testing and analysis; once this process is completed, the client has indicated a need for multiple tonnes of titanium powder per year; separately, the client is negotiating to be the primary distributor of PyroGenesis's titanium powder to the Asian market

Timeline:   the metal powder will be delivered to the client over the next few weeks

Strategic impact:  provides superior quality titanium powder to a high-demand industry

"High-quality titanium powder for additive manufacturing is growing rapidly and is increasingly being adopted across industries such as electronics, where it is enabling the development of high-end, complex and lightweight devices with enhanced performance and design flexibility," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "Our NexGen titanium powder has now reached this level of performance, enabling it to serve a wide range of industries, including electronics, where advanced material properties are increasingly critical. We are hopeful that the contract announced today leads to both entry into that market and a long-term distribution agreement with our client."

Industry and market context

• The global 3-D printing market specific to 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 ultra-high 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 (PYR), OTCQX (PYRGF) and Frankfurt (8PY1) stock exchanges.

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