PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) announced that it has received a small, signed order from a global aerospace firm pertaining to its plasma atomized titanium metal powders designed for 3D printing and is intended for one of the client’s ongoing internal research and development programs.
The provider of advanced plasma processes said this new order is for 'coarse cut' metal powder, typically considered a by-product from the production runs that produce fine powders ranging from 20-45 µm (microns) in size, unlike the recently announced contract for fine powder.
"The significance of this order is the particle size distribution (PSD) that has been requested," PyroGenesis Canada CEO P. Peter Pascali 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," he added.
Pascali also noted that the contract recognizes what the company believes is the superior overall quality of its powder and establishes a market for a larger percentage of its powder output, improving PyroGenesis’ overall returns substantially.
The company added that the order was produced using its NexGen plasma atomization system and will soon be in transit to the client, which is a large global aerospace original equipment manufacturer (OEM) in the US with whom PyroGenesis has previously disclosed its ongoing qualification process.
PyroGenesis Canada is a high-tech company and is a leader in the design, development, manufacture, and commercialization of advanced plasma processes and sustainable solutions that reduce greenhouse gases and are economically attractive alternatives to conventional processes.
Contact Sean at sean@proactiveinvestors.com