PyroGenesis receives contract for titanium metal powder

Executive Summary

• PyroGenesis Inc. has secured its first commercial contract with a European additive manufacturing company for titanium metal powder produced via its proprietary NexGen plasma atomization process.
• The order is for Ti64 coarse cut titanium powder, a material recently qualified and added to the approved list of a major global aerospace company.
• The powder has already been produced and is scheduled for shipment to the customer within the next few weeks.

Key Details

• Contract Nature: Initial commercial order from a European engineering and material science firm specializing in additive manufacturing.
• Product: Ti64 coarse cut titanium metal powder.
• Technology: Produced using PyroGenesis's patented NexGen plasma atomization process.
• Qualification Status: The specific powder type (Ti64) was recently qualified and added to the approved list of a major global aerospace company.
• Production Status: The powder for this specific order has already been produced.
• Logistics: Shipment to the customer is expected over the next few weeks.
• Client Details: The client's name and specific contract terms remain confidential.
• Market Context: The European metal 3-D printing market is projected to reach $11.2 billion (U.S.) by 2030, with a CAGR of 24.8% from 2024 to 2030.
• Strategic Alignment: Titanium is identified as a critical mineral by the Canadian government; this product falls under PyroGenesis's "commodity security and optimization" vertical.

Notable Quotes

• "This initial order comes after a successful review and testing process with this European customer. The high standard of Ti64 metal powder produced at PyroGenesis Additive is the result of years of groundbreaking design and engineering work that went into developing our NexGen plasma atomization process, and the commercial results of these efforts are starting to appear," said P. Peter Pascali, president and chief executive officer of PyroGenesis.