PyroGenesis Announces Receipt and Completed Production of 100kg Titanium Powder Order for 3D Printing from Aubert & Duval
May 19 2022 - 5:00PM
PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR)
(NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred
to as the “Company” or “PyroGenesis”), that designs, develops,
manufactures and commercializes advanced plasma processes, high
quality plasma atomized metal powder for 3D printing, and
sustainable solutions which are geared to reduce greenhouse gases
(GHG), is pleased to announce that, the Company has received and
completed a significant commercial order for Titanium powders under
its mutually exclusive partnership agreement (the “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 Mr. Massimo Dattilo, VP,
PyroGenesis Additive. “According to Grand View Research, the global
3D printing market was valued at USD 13.84 billion in 2021 and is
expected to grow at a compound annual growth rate of 20.8% 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 underway. For
comparison, previous sample batches were a couple of hundred grams,
whereas this production batch is 100kg. It’s an exciting time.”
Aubert & Duval, a subsidiary of Eramet
group, is a world leader in industrializing high-performance steel,
super alloy, 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, Defense, Automotive and other large scale, demanding
markets.
About PyroGenesis Canada
Inc.
PyroGenesis Canada Inc., 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 plasm a
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 m2
and 2,940 m2 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. For more information, please visit: www.pyrogenesis.com.
This press release contains certain
forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate",
"continue", "anticipate", "intend", "expect", "in the process" and
other similar expressions which constitute "forward- looking
information" within the meaning of applicable securities laws.
Forward-looking statements reflect the Corporation's current
expectation and assumptions and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those anticipated. These forward-looking statements
involve risks and uncertainties including, but not limited to, our
expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to
research and development, the impact of competitive products and
pricing, new product development, and uncertainties related to the
regulatory approval process. Such statements reflect the current
views of the Corporation with respect to future events and are
subject to certain risks and uncertainties and other risks detailed
from time-to-time in the Corporation's ongoing filings with the
securities regulatory authorities, which filings can be found at
www.sedar.com, or at www.sec.gov. Actual results, events, and
performance may differ materially. Readers are cautioned not to
place undue reliance on these forward-looking statements. The
Corporation undertakes no obligation to publicly update or revise
any forward- looking statements either as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Neither the Toronto Stock Exchange, its
Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) nor the NASDAQ Stock
Market, LLC accepts responsibility for the adequacy or accuracy of
this press release.
SOURCE PyroGenesis Canada Inc.
For further information please contact: Rodayna
Kafal, Vice President, IR/Comms. and Strategic BDPhone: (514)
937-0002, E-mail: ir@pyrogenesis.com RELATED LINK:
http://www.pyrogenesis.com/
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