PyroGenesis signs titanium metal powder supply contract

Executive Summary

• PyroGenesis Inc. has secured its first contract with a European scientific aerospace research organization to supply titanium metal powder.
• The order involves the supply of coarse-cut Ti64 powder (45-106 microns) produced via the company's proprietary NexGen plasma atomization process.
• The powder is intended for use in the client's electron beam melting (EBM) manufacturing process for aerospace R&D, marking a strategic expansion into the European aerospace sector.

Key Details

• Client: A confidential European scientific aerospace research organization that collaborates with government and leading aerospace companies.
• Product: Coarse-cut Ti64 titanium metal powder.
• Specifications: Particle size range of 45 to 106 microns.
• Technology: Powder produced using PyroGenesis's patented NexGen plasma atomization system.
• Application: The powder will be used by the client in an electron beam melting (EBM) manufacturing process for aerospace research and development.
• Timeline: Shipment to the customer is scheduled for the coming days.
• Strategic Significance: This is the first contract with this specific organization and the first contract for the specific 45-106 micron particle size range. It demonstrates PyroGenesis's ability to attract customers in the aerospace sector.
• Market Context: The global 3-D printing market for titanium powder is projected to grow from $214 million in 2023 to $1.4 billion by 2032. Titanium is classified as a critical mineral in Canada and the US.

Notable Quotes

• "The order announced today is important for two reasons: (i) Not only is it the first contract with this very respected aerospace organization; but (ii) it's also the first contract for the specific particle size range of 45 to 106 microns," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "With this contract, we continue to methodically grow both our client base and the range of powders offered by the company. Notably, this adds to our expanding list of aerospace industry customers, in a sector we continue to develop and attract attention from."