News on TD trasaction site PYR AM in Aerospace copied from TD site:
9 minutes ago by MT Newswires
07:59 AM EDT, 04/20/2021 (MT Newswires) -- PyroGenesis Canada Inc. (TSX: PYR and NASDAQ: PYR and FRA: 8PY), a high-tech company that designs, develops, manufactures and commercializes plasma atomized metal powder, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, was at last look up 3% in US pre-market as it announced Tuesday the signing of a qualification agreement with a premier global aerospace company for the production of metal powders.
Under this agreement, a statement from PYR said, the client will perform a standard qualification process typically required before a company can become an approved supplier. "The process will, amongst other things, evaluate the company's manufacturing methods, test samples of powder for batch-to-batch consistency and determine mechanical and chemical properties. Subsequently, larger volumes of powder will be used to print test coupons to further evaluate mechanical and chemical properties. It is expected that testing with real parts under real time conditions would be in order before final acceptance. Upon passing all acceptance tests, the process will be locked down specifically for the client, with no additional modifications permitted. Upon successful completion of the testing, PyroGenesis would expect to receive formal acceptance as an approved supplier."
It said the qualification process has now formally commenced, and the first powder samples are expected to be delivered within the next several weeks.