- PyroGenesis (PYR) has completed a 100 kg titanium powder order from Aubert & Duval
- The company believes its NexGen plasma atomization system is primed to occupy a significant percentage of the titanium powder market
- Aubert & Duval will employ the powder for 3D printing purposes
- PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases
- PyroGenesis (PYR) is up by 11.57 per cent trading at $2.70 per share
PyroGenesis (PYR) has completed a 100 kg titanium powder order from Aubert & Duval.
Aubert & Duval, a subsidiary of Eramet Group, is a world leader in industrializing high-performance steel, super alloy, aluminum and titanium alloys.
It will employ the powder for 3D printing purposes.
PyroGenesis produced the powder using its NexGen plasma atomization system at its Montreal production facility.
The companies have an exclusive partnership agreement to supply plasma atomized titanium powder for Europe’s additive manufacturing market.
“According to Grand View Research, the global 3D printing market was valued at US$13.84B in 2021 and is expected to grow at a compound annual growth rate of 20.8 per cent from 2022 to 2030,” stated Massimo Dattilo, Vice President of Sales.
“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,” he added.
PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases.
PyroGenesis (PYR) is up by 11.57 per cent trading at $2.70 per share as of 1:18 pm EST.