PyroGenesis Canada Inc. (TSX:PYR) said its high-quality plasma-atomized metal powders business line has reached new production milestones as the company eyes new markets amid increases in global demand for metal powder.
In a corporate update, PyroGenesis told investors that NexGen Plasma Atomization, its patent-pending revolutionary plasma atomized metal powder production process, for use in 3D printing by additive manufacturers, targeted higher production rates, narrower particle size distribution (PSD), and had the advantage of being able to shift the bulk PSD into a more desirable distribution when compared to conventional plasma atomization.
PyroGenesis CEO P Peter Pascali said that over the past three years, PyroGenesis had completed a series of intricate production steps as it readied the NexGen Plasma Atomization system.
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“This has resulted in the most recent milestone, where the company announced that it had moved from sample production to commercial size batch production,” he said.
“With the ability to now produce titanium powder by the tonne, the company is now in a position where it can provide additional perspective on status, and next steps, for both existing and developing opportunities.”
The company also announced its medium-term goal to produce additional powder materials for its plasma-atomized metal powder business line, with the first being aluminum alloy powder.
The full corporate update can be found here.
PyroGenesis Canada is a leader in the design, development, manufacture, and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases and are economically attractive alternatives to conventional “dirty” processes.
Contact the author Emily Jarvie at emily.jarvie@proactiveinvestors.com
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