PyroGenesis Announces Completion of Additive Manufacturing NexGen™ Powder Production Line
April 19 2021 - 7:55AM
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 plasma atomized metal
powder, environmentally friendly plasma waste-to-energy systems and
clean plasma torch products, is pleased to announce that its
cutting edge Additive Manufacturing (“AM”) NexGen™ Powder
production line, incorporating all the improvements previously
announced (increased production rate, lower CAPEX, lower OPEX,
narrower particle size distribution) is now in place and producing
powders. PyroGenesis’ game-changing NexGen™ Plasma Atomization
System, with its production rate exceeding 25kg/h, has shattered
all published plasma-atomized production rates for titanium known
to management.
As previously disclosed, there are several major
top-tier aerospace companies, and OEMs, awaiting powders from
PyroGenesis’ new, state of the art, NexGen™ production line. The
Company will, over the next several weeks, perform a number of
test-runs to confirm batch to batch consistency. The Company now
expects to start delivering powders before the end of Q2 2021.
“We have reached this milestone which many have
been waiting for. We are proud to be announcing today, the
launching of our state-of-the-art production line incorporating the
never seen before benefits of our NexGen™ technology,” said Mr. P.
Peter Pascali, CEO and Chair of PyroGenesis. “It was important that
we incorporate these improvements into our process before locking
it down for commercial orders. As such, we are now able to say that
we are producing powders at never seen before production rates
using plasma. We are proud to be serving the Additive Manufacturing
industry and, once again, opening doors for further
advancement.”
“While incorporating the NexGen™ improvements,
it became clear that there were opportunities for further
refinements with respect to our downstream powder process,” said
Mr. Massimo Dattilo, Vice President, PyroGenesis Additive. “In
addition to the increased production rates and yields afforded by
NexGen™, the downstream changes that we have also incorporated into
the process now allow for even further control over powder
morphology, or more specifically, powder particle shape and
distribution. This now provides AM printer manufacturers with
opportunities to further optimize printer parameters for faster
build speeds and/or stronger final parts”.
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 products. The
Company provides its engineering and manufacturing expertise and
its turnkey process equipment packages to customers in the defense,
metallurgical, mining, advanced materials (including 3D printing),
and environmental industries. 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 Company’s core
competencies allow PyroGenesis to provide innovative plasma
torches, plasma waste processes, high-temperature metallurgical
processes, and engineering services to the global marketplace.
PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified.
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 BD Phone: (514)
937-0002, E-mail: ir@pyrogenesis.com RELATED LINK:
http://www.pyrogenesis.com/
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