developbc wrote: 3D is what attracted me to PYR: Pay close attention to what is being said in this NR. PYR will absolutely dominate this space! This accredidation is absolutely MASSIVE!!!!!
MONTREAL, June 04, 2020 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the "Company", the “Corporation” or "PyroGenesis") that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch systems, is pleased to announce today that PyroGenesis’ quality management system for the production of metal powders for the Additive Manufacturing (3D Printing) industry (“AM Industry”), has been approved by one of the premier non-European aerospace companies. The aerospace company’s name will be withheld for confidentiality and competitive reasons.
“Although this does not guarantee any future orders and, on the face of it, may seem to be a minor and expected development, it is in reality very significant as it complements the cutting-edge improvements we have made with our NexGen™ technology which we have announced in previous press releases, and is a key and fundamental step forward,” said Mr. Peter Pascali, CEO and President of PyroGenesis.
PyroGenesis’ game-changing NexGen™ Plasma Atomization System, which produces metal powder at over 25 kg/h, shattering any published plasma-atomized production rates for titanium known to management, was unveiled in 20191 after having fulfilled a specialty metal powder order for a non-aerospace client, while maintaining all the characteristics demanded by the AM Industry (ie. oxygen content, flowability, density, etc.). Of note, this increased production rate was achieved at lower OPEX per hour, which translated into significant cost per kilogram savings.
At the time, Mr. Massimo Dattilo, Vice President of PyroGenesis Additive noted that, “…a limiting factor in titanium adoption in the marketplace has been its cost. By lowering the cost of a typically expensive product, NexGen™ has opened the door to other opportunities (both markets and applications) which, until now, found titanium to be too expensive to adopt. We expect that price reductions now permitted by the NexGen™ technology will drive an increased adoption of PyroGenesis’ powders by new markets and applications where the higher cost of plasma atomized powders was typically prohibitive.”
“This relationship outside of Europe expands, builds upon and complements that which we have developed with Aubert & Duval in Europe,” added Mr. Pascali. “It has taken a bit more time than expected, but we now have in place one of the best quality systems which, combined with our game-changing NexGen™ technology, positions us well to service the AM Industry. PyroGenesis can now boast of at least two significant relationships with internationally recognized entities, one of them being a premier tier aerospace company, and both of which are spending considerable time, energy, and money to develop a business relationship with PyroGenesis.”