PyroGenesis Canada Inc. (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company, 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), announced that, the Company received and completed a significant commercial order for Titanium powders under its mutually exclusive partnership agreement with Aubert & Duval. The Agreement outlines a strategy between the parties to supply plasma atomized titanium powder, on a mutually exclusive basis, to the Additive Manufacturing Market in Europe.
PyroGenesis also confirmed that this commercial batch of powder was produced at its state-of-the-art production facility located in Montreal. The powder was produced using the Company’s NexGen™ plasma atomization system, which is fully operational and making commercial production batches.
“We are thrilled to be fulfilling this commercial order, especially given the fact that it came via our partner Aubert & Duval” said Mr. Massimo Dattilo, VP, PyroGenesis Additive. “According to Grand View Research, the global 3D printing market was valued at USD 13.84 billion in 2021 and is expected to grow at a compound annual growth rate of 20.8% from 2022 to 2030. Given the sheer size of this market and our unique manufacturing process, we believe we are well positioned to capture a significant share of the overall titanium powder market. This order is both an important commercial milestone, as well as further validation of our process and ability to supply some of the highest quality powder produced to the AM industry using our NexGen™ plasma atomization process. We are making larger commercial batches now, not just sample batches, and additional batches are underway. For comparison, previous sample batches were a couple of hundred grams, whereas this production batch is 100kg. It’s an exciting time.”
Aubert & Duval, a subsidiary of Eramet group, is a specialist in industrializing high-performance steel, super alloy, aluminum and titanium alloys for over a century. More specifically, they are a recognized supplier of metal powders for additive manufacturing, serving the Aerospace, Energy, Transport, Medical, Defense, Automotive and other large scale, demanding markets.
Learn more at http://pyrogenesis.com.
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