22:19:03 EDT Tue 04 Oct 2022
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
PyroGenesis Canada Inc
Symbol PYR
Shares Issued 170,125,795
Close 2022-05-19 C$ 2.42
Recent Sedar Documents

PyroGenesis completes 100 kg titanium powder order

2022-05-19 17:10 ET - News Release

Mr. Massimo Dattilo reports

PYROGENESIS ANNOUNCES RECEIPT AND COMPLETED PRODUCTION OF 100KG TITANIUM POWDER ORDER FOR 3D PRINTING FROM AUBERT & DUVAL

PyroGenesis Canada Inc. has received and completed a significant commercial order for Titanium powders under its mutually exclusive partnership agreement with Aubert & Duval (the client). The agreement outlines a strategy between the parties to supply plasma atomized titanium powder, on a mutually exclusive basis, to the additive manufacturing (AM) market in Europe.

PyroGenesis is also pleased to confirm that this commercial batch of powder was produced at its state-of-the-art production facility located in Montreal. The powder was produced using the company's NexGen plasma atomization system, which is fully operational and making commercial production batches.

"We are thrilled to be fulfilling this commercial order, especially given the fact that it came via our partner Aubert & Duval," said Massimo Dattilo, vice-president, PyroGenesis Additive. "According to Grand View Research, the global 3-D printing market was valued at $13.84-billion (U.S.) in 2021 and is expected to grow at a compound annual growth rate of 20.8 per cent from 2022 to 2030. Given the sheer size of this market and our unique manufacturing process, we believe we are well positioned to capture a significant share of the overall titanium powder market. This order is both an important commercial milestone, as well as further validation of our process and ability to supply some of the highest-quality powder produced to the AM industry using our NexGen plasma atomization process. We are making larger commercial batches now, not just sample batches, and additional batches are under way. For comparison, previous sample batches were a couple of hundred grams, whereas this production batch is 100 kg. It's an exciting time."

Aubert & Duval, a subsidiary of Eramet group, is a world leader in industrializing high performance steel, superalloy, aluminum and titanium alloys for over a century. More specifically, they are a recognized supplier of metal powders for additive manufacturing, serving the aerospace, energy, transport, medical, defence, automotive and other large-scale, demanding markets.

About PyroGenesis Canada Inc.

PyroGenesis Canada, a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG), 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.

We seek Safe Harbor.

© 2022 Canjex Publishing Ltd. All rights reserved.