PyroGenesis Announces Completed Production of Additional 100kg Titanium Powder Order for 3D Printing; Readies Move to Higher Output Phase
PyroGenesis Canada Inc. announced the completion of a 100kg commercial order for its plasma atomized titanium powders, following a similar order completed just weeks earlier. This milestone signifies the transition to producing larger commercial batches using the NexGen™ plasma atomization system at their Montreal facility. The company is now positioned to produce metal powders by the tonne, enhancing its capabilities in the 3D printing sector and aligning with its commitment to sustainable practices that reduce greenhouse gases.
- Secured a second consecutive commercial order for 100kg of titanium powders, demonstrating strong demand.
- Transitioning to larger production volumes, with plans to produce metal powders by the tonne.
- None.
MONTREAL, May 31, 2022 (GLOBE NEWSWIRE) -- 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 advanced plasma processes, high quality plasma atomized metal powder for 3D printing, and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce that the Company has received, and completed, another commercial order for its plasma atomized titanium powders for 3D printing.
“This latest order, for 100kg, represents the second consecutive commercial batch of metal powders produced using the Company’s NexGen™ plasma atomization system, at our state-of-the-art production facility in Montreal, in as many weeks,” said Mr. Massimo Dattilo, VP, PyroGenesis Additive. “We are excited to release this second 100kg batch so soon after the first.”
“Creating the NexGen™ plasma atomization process, to produce the highest quality metal powders in the additive manufacturing industry, has been a long and exacting journey,” continued Mr. Dattilo. “As mentioned in our previous press release, we are now producing larger commercial batches measuring in hundreds of kilograms, as opposed to sample batches measured in grams. The commercial milestones we have achieved over the previous few months have positioned us to move to the next step, which is to produce powders by the tonne.”
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 sustainable solutions which reduce greenhouse gases (GHG), and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented and advanced plasm a 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 m2 and 2,940 m2 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. 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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