Mr. Peter Pascali reports

PYROGENESIS ANNOUNCES SECOND TITANIUM POWDER CONTRACT WITH DOD AND NASA-SUPPORTED U.S. APPLIED RESEARCH FACILITY CLIENT

PyroGenesis Inc. has obtained a second contract within a month with a large United States applied research facility. PyroGenesis will provide coarse cut titanium powder for use in research and development of critical materials. This powder was produced by PyroGenesis's NexGen plasma atomization process. The client recently placed an initial order with the company press release dated Aug. 20, 2026. The name of the client, and terms of the contract, will remain confidential for competitive reasons.

As previously announced, the client operates one of the largest applied research laboratories supported by the U.S. Department of Defense and NASA. Prior to the awarding of these contracts, PyroGenesis was confirmed as compliant with the Defense Federal Acquisition Regulation Supplement (DFARS), which includes security-related requirements applicable to certain U.S. Department of Defense contractors.

Today's contract marks the second commercial order with this client, who has indicated a further need for a series of follow-up orders. As with the previous order, the order announced today is for a Ti64 coarse cut titanium metal powder (particle size: 45 to 106 micrometres) for use in electron beam melting (EBM), a technology widely used in the aerospace and biomedical manufacturing industries to print lightweight, robust and intricate structural components. The powder for this order will be shipped to the client over the coming days.

"This second contract with this strategically important defence-industry supported facility speaks directly to the strategic goal we outlined in our April 29, 2026, press release, which was to position the additive manufacturing division for the next level of growth anticipated to be several times larger than that which is currently in place. Developing repeat customers was a key part of the six-point plan to meet that goal," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "The high quality of our titanium powder, and our growing presence in the defence and aerospace sectors, continues to lead to both new and recurring business from a growing customer base, a key next step for our strategic growth."

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 106 micrometres for use in electron beam melting (EBM) and 45 to 150 micrometres in 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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