Mr. Peter Pascali reports

PYROGENESIS ANNOUNCES TITANIUM POWDER CONTRACT WITH METAL ADDITIVE OEM

PyroGenesis Inc. has signed a contract with a United States-based original equipment manufacturer serving the additive manufacturing industry. PyroGenesis will provide coarse cut titanium powder produced by PyroGenesis's NexGen plasma atomization process. The identity of the client and terms of the contract will remain confidential for competitive reasons. The powder for this order has been produced and is expected to be shipped over the coming days.

As previously mentioned in the outlook section of the company's Q2 2026 earnings release dated Aug. 6, 2026, the company has been in discussion with a United States-based technology provider to the additive manufacturing industry. Today's contract marks the first commercial order with this customer, which previously conducted lab and/or performance tests on sample batches of PyroGenesis's metal powder. The sample testing program is a valuable component of PyroGenesis's business process and continues to lead to new powder orders. The order announced today is for Ti64 "coarse" cut titanium metal powder with a particle size of 45 to 150 micrometres for use in directed energy deposition (DED), a technology widely used in the aerospace and defence industries to print or repair structural metal parts and components. Laser-based DED can be used to build large-scale aerospace components that span up to five meters, among the largest items printable in metal 3-D format.

"Further to our press release of last Thursday, wherein we reiterated our six-point approach to positioning the additive manufacturing division for the next level of growth, which is anticipated to be several times larger than that which is currently in place -- a strategy first announced in April, 2026 -- today's contract speaks to three of those points, namely, (i) expanding our customer base, (ii) developing repeat customers, and (iii) expanding powder suitability across three broad-based applications," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "The client announced today is a leader in their field who works closely with the aerospace industry. Combined with last week's news we are quickly reaching the critical mass required to execute on our strategic goal."

PyroGenesis's technology development for additive manufacturing

PyroGenesis is the inventor of the plasma atomization process and in fact coined the term "plasma atomization" in its original patent. Plasma atomization is often considered the gold standard process for the production of metal powder for additive manufacturing, also referred to as metal 3-D printing.

After years of R&D (research and development), PyroGenesis redesigned its plasma atomization technology and launched NexGen to re-enter the powder production market by targeting higher quality and yields, at lower operating costs. The company has since taken a deliberate approach to commercialization, progressing from gram-scale customer samples to 100-kilogram orders and its first tonne-scale order in May, 2023.

PyroGenesis produces titanium powders in particle size distribution ranges across three cuts:

• Fine cut, in particle sizes between 15 to 63 micrometres for use in laser powder bed fusion (LPBF);
• Coarse cut, in particle sizes between 45 to 150 micrometres for use in electron beam melting (EBM) and directed energy deposition (DED);
• Off-cuts, in particle sizes not currently used by the existing range of commercial printers, but which offers a high-quality feedstock for use in the production of high-quality metal alloys.

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 U.S.
• 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.

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 (PYR), OTCQX (PYRGF) and Frankfurt (8PY1) stock exchanges.

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