RE:New Press Release - PyroGenesis Kicks Off New European Distribution Strategy with Contract to Supply Spanish Aerospace Entity with Titanium Metal PowderExcellent news! From the NR: "
The order has already been produced using PyroGenesis’ NexGen™ plasma atomization system and will soon be in transit to the client."
and “This contract represents our initial commercial metal powder order from a European client, a significant milestone under our new direct distribution strategy. This powder is primarily utilized in laser bed applications within the additive manufacturing industry. We are experiencing an increase in activity from Europe and are currently engaging with additional European clients interested in acquiring our titanium powder for their additive manufacturing needs,” said Massimo Dattilo, Vice President of PyroGenesis Additive.
Note that PYR has been completing the items listed in the Outlook section from their annual results:
Commodity Security & Optimization
New Laser Cut Titanium Metal Powder Order: the Company has received notice from a global organization for a potential initial order of titanium metal powder “laser cut” that, if completed, is expected to occur in Q2 2024.