- PyroGenesis Canada (PYR) has shipped the first commercial samples of its plasma-atomized titanium powder to a client in the aerospace industry
- The company has been working on filling orders for multiple clients since it announced the production of its plasma powder earlier this month
- With a team of experienced engineers, scientists, and technicians working out of its Montreal office and two manufacturing facilities, PyroGenesis maintains its competitive edge by remaining at the forefront of technology development and commercialization
- PyroGenesis Canada Inc. (PYR) is up 4.34 per cent on the day, trading at $6.25 per share
PyroGenesis Canada (PYR) has shipped the first commercial samples of its plasma-atomized titanium powder to an aerospace industry client.
The company announced on May 12 that it had begun producing its plasma-atomized metal powder using its NexGen powder production line.
The NexGen production line incorporates several revolutionary improvements such as a high production rate, lower CAPEX, lower OPEX, and a narrower particle size distribution.
P. Peter Pascali, CEO and chair of PyroGenesis, clarified that “Of note, these powders were not shipped to the tier one global aerospace company referred in our April 20 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 Massimo Dattilo, vice president of PyroGenesis Additive. “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.”
He added, “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.”
PyroGenesis is entering the additive manufacturing powder market with a production line which management believes is the low-cost producer in its class.
With a team of experienced engineers, scientists, and technicians working out of its Montreal office and two manufacturing facilities, PyroGenesis maintains its competitive edge by remaining at the forefront of technology development and commercialization.
PyroGenesis Canada Inc. (PYR) is up 4.34 per cent on the day, trading at $6.25 per share as of 3:18 pm ET.