PyroGenesis receives order for coarse-cut Ti64 powder

Executive Summary

• PyroGenesis Inc. has secured a half-tonne contract with a global aerospace leader for the immediate supply of titanium metal powder.
• The order utilizes PyroGenesis's proprietary NexGen plasma atomization process and marks the first order received since the company achieved official supplier status with the client following a multi-year certification process.
• The titanium powder is designated for the customer's aerospace research and development program and is scheduled for shipment in the coming days.

Key Details

• Contract Value: Confidential.
• Product Specifications: Coarse-cut Ti64 titanium metal powder with a particle size of 45 to 150 microns.
• Production Technology: Produced using PyroGenesis's patented NexGen plasma atomization system.
• Delivery Timeline: Shipment to the customer is scheduled for the coming days.
• Strategic Context: The contract was awarded through a competitive bid process among approved suppliers, highlighting PyroGenesis's competitive advantage in efficiency and cost reduction.
• 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 by both Canada and the United States.

Notable Quotes

• "This order is a great start to our supplier relationship with this global aerospace leader, especially as it came under a competitive bid process between approved suppliers," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "I believe this contract demonstrates how the continued innovation in our patented NexGen plasma atomization system offers enhanced efficiency for metal powder production and reduces customer costs, reinforcing our competitive advantage and supporting the company's long-term value creation strategy."