PyroGenesis receives contract for titanium metal powder

Mr. Peter Pascali reports PYROGENESIS RECEIVES INITIAL CONTRACT FOR TITANIUM METAL POWDER FROM EUROPEAN ADDITIVE MANUFACTURING COMPANY PyroGenesis Inc. has received a contract for titanium metal powder produced by PyroGenesis's NexGen plasma atomization process, from a European engineering and material science firm specializing in the additive manufacturing industry. The name of the client and terms of the contract will remain confidential for competitive reasons. The client previously received and tested samples of PyroGenesis's metal powder. Today's contract announcement marks the first commercial order with this customer. The order is for a Ti64 coarse cut titanium metal powder, of the type that was recently qualified for use and added to the approved list of metal powders by a major global aerospace company. The powder for this order has already been produced and will be shipped to the customer over the next few weeks. "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. "This customer is a key technology hub for their region, with state-of-the-art engineering and R&D. We hope to see further contracts that reflect the importance of the customer's role within the industry." Industry and market context The metal 3-D printing market in Europe is expected to reach a projected revenue of $11.2-billion (U.S.) by 2030. A compound annual growth rate of 24.8 per cent is expected of Europe metal 3-D printing market from 2024 to 2030. Europe is a prominent hub for manufacturing across several key sectors, including the automotive industry, aerospace and aviation, machinery, and electronics. PyroGenesis is the inventor of the plasma atomization process and in fact coined the term plasma atomization in its original patent. The company's NexGen system is a patented upgrade to what is considered the gold standard process for the development of metal powder for additive manufacturing, also referred to as metal 3-D printing. PyroGenesis's development of high-quality titanium metal powders is part of its three-vertical solution ecosystem that aligns with economic drivers that are key to global heavy industry. Metal powders are part of PyroGenesis's commodity security and optimization vertical, where the development of advanced material production techniques, and the use of technology such as plasma to recover viable metals, chemicals and minerals from industrial waste, helps to maximize raw materials and improve the availability of critical minerals. Titanium has been identified as a critical mineral by the Canadian government. The other verticals are energy transition and emission reduction, and waste remediation. About PyroGenesis Inc. PyroGenesis, a high-tech company, is a proud 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.