PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) said a tier-one North American global aerospace company in September will be conducting an in-person powder production audit at its metal powder production facility in Montreal as part of a previously announced qualification agreement.
The company said the audit is part of the final phase of the qualification process which has spanned over 18 months of investigative rigor by the client.
This portion of the audit will consist mainly of a facilities and operations assessment, during which PyroGenesis’ technicians and operators will demonstrate the reliability of the company’s cutting-edge metal powder production facility and work instruction processes, the company said.
In a statement, PyroGenesis CEO and chair P Peter Pascali said after many months of document review and process improvements, the company is proud and honored to be showcasing its facility, staff, and groundbreaking process to this major international corporation.
“In our opinion, this is one of the most important and critical steps in our powder production qualification,” he said.
READ: PyroGenesis Canada posts 2Q revenue of $5.8M; current backlog and awarded contracts of $35.3M
PyroGenesis Additive VP Massimo Dattilo added: “We are confident that our NexGen metal powder production system, a single-step process that is unique in that it uses wire as a direct feedstock for significant gains in production speed and particle size control, will meet or surpass client expectations, both over the next two weeks during the on-site audit, and beyond.”
Upon successful completion of the audit and the further testing of final powder samples, PyroGenesis’ process will be locked down and ready to receive commercial orders, and the client will certify the company’s metal powders for use by the customer and its component suppliers. Final approval is expected to be achieved at the end of the year.
Further, PyroGenesis noted that it continues to pursue a strategy to build and operate a metal powder manufacturing facility in Europe to address the anticipated parallel growth of the European market.
The company said management has already initiated serious discussions with potential partners and is actively analyzing this opportunity.
PyroGenesis is a high-tech company that designs, develops, manufactures, and commercializes advanced plasma processes, high-quality plasma atomized metal powder for 3D printing and additive manufacturing, and sustainable solutions which are geared to reduce greenhouse gases.
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