- PyroGenesis Canada (TSX:PYR) has secured an order from a global aerospace firm for plasma-atomized titanium metal powder for 3D printing
- The contract is for a supply of course cut powder, a by-product the company is able to monetize thanks to the high-quality yield from its NexGen plasma atomization system
- PyroGenesis Canada is a high-tech developer and manufacturer of advanced plasma processes and sustainable solutions to reduce greenhouse gases
- PyroGenesis Canada stock (TSX:PYR) is down by 60.82 per cent over the past year, but has gained 61.70 per cent over the past five years
PyroGenesis Canada (TSX:PYR) has secured an order from a global aerospace firm for plasma-atomized titanium metal powder for 3D printing.
The client, an original equipment manufacturer in the United States, will apply the powder to ongoing internal research and development programs as part of an ongoing qualification process with PyroGenesis.
The order is composed of coarse cut metal powder, which is typically considered a by-product from production runs of fine powders ranging from 20-45 μm (microns). PyroGenesis’ NexGen plasma atomization system produces coarse cut powder of higher quality, enabling a higher yield percentage from raw material compared with its competitors.
“The significance of this order is the particle size distribution (PSD) that has been requested,” P. Peter Pascali, CEO and president of PyroGenesis, said in a statement. “The PSD for this order is for our coarse cut titanium powder, in this case for powder between 45-150μm (microns), which we have been producing over the past year as we build our stock inventory. This contract recognizes what we believe is the superior overall quality of our powder and establishes a market for a larger percentage of our powder output, thereby improving our overall returns substantially.”
“[Subsidiary] PyroGenesis Additive has taken a cautious, methodical approach to its new production process. Now, with the full-scale commercialization underway, and a steady influx of initial orders, the long-term conservative strategy that has brought us to this point today is bearing fruit,” he added.
The news follows plasma torch contracts for C$4.13 million and $2.25 million, respectively, and an order for 5 tonnes of fine titanium metal powders for 3D printing.
PyroGenesis Canada is a high-tech developer and manufacturer of advanced plasma processes and sustainable solutions to reduce greenhouse gases. The company has received TSX30 recognition and is a previous Deloitte Canada Clean Technology Fast 50 winner.
Titanium metal powder is a key component of PyroGenesis’ three-tiered solution ecosystem, which aligns with economic drivers propelling global heavy industry.
PyroGenesis Canada stock (TSX:PYR) opened unchanged, trading at $0.76 per share. The stock is down by 60.82 per cent over the past year, but has gained 61.70 per cent over the past five years, suggesting potential undervaluation. Click here to read our profile on the company as part of The Market Herald’s Leading Edge.
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