PyroGenesis Successfully Ships First Commercial Samples of Additive Manufacturing Plasma-Atomized Titanium Powder
May 26 2021 - 2:10PM
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 powders,
environmentally friendly plasma waste-to-energy systems and clean
plasma torch products, is pleased to announce today that, further
to its Press Release dated May 12th, 2021, the Company has shipped
its first commercial samples of plasma-atomized titanium powder to
a client (the “Client”). This Client serves the aerospace industry,
and will remain confidential for competitive reasons.
“These are the first samples shipped using
PyroGenesis’ cutting-edge Additive Manufacturing (“AM”) NexGen™
powder production line,” said Mr. P. Peter Pascali, CEO and Chair
of PyroGenesis. “Of note, these powders were not shipped to the
tier one global aerospace company referred in our April 20th Press
Release, but is in addition to that order which is in process as
well.”
“This shipment represents the first of many
expected shipments of PyroGenesis’ titanium powder,” added Mr.
Massimo Dattilo, Vice President of PyroGenesis Additive. “We are
now in a position to fulfill the backlog of demand for our powders
and we anticipate that these shipments will lead to further
qualification steps and/or commercial orders. While waiting for our
cutting-edge NexGen™ powder production line to come on stream, we
have developed solid relationships with many major players in the
aerospace, biomedical, and automotive sectors. Separately, and as
we have mentioned in the past, the NexGen™ powder production
process has resonance beyond titanium alloys, and we are eager to
begin addressing these markets as well.”
The NexGen™ production line incorporates several
revolutionary improvements such as the highest published production
rate known to management, lower CAPEX, lower OPEX,while at the same
time providing a narrower particle size distribution. PyroGenesis
is entering the AM powder market with a production line which
management believes is the low-cost producer in its class. As
previously disclosed, PyroGenesis is currently filling orders from
several major top-tier aerospace companies, and OEMs.
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 BDPhone: (514)
937-0002, E-mail: ir@pyrogenesis.com RELATED LINK:
http://www.pyrogenesis.com/
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