Additive Manufacturing (Metal Powders for 3D Printing) With respect to additive manufacturing, we continue to expect to see significant year over year improvements in our 3D metal powders offering as our NexGen™ facility, which incorporates all the previously disclosed benefits (increased production rates and lower capital & operating expenditures), is now officially on-line and operational.
Of note, a major tier-one global aerospace company has already entered into an agreement with the Company to formally qualify its powder, at considerable expense to the global aerospace company, with a view towards having the Company become a supplier.
There are additional major top tier aerospace companies and OEMs, in both Europe and North America, eagerly awaiting powders from this new state-of-the-art production line, and we are currently in the process of supplying sample powders to them for analysis.
The Company expects that such developments will continue and will translate into significant improvements in contributions to revenue by this segment in the mid-long term.
PyroGenesis Announces 2021 Results: Record Revenues $31.1MM; Gross Margin 40%; Record Current Backlog of Signed and/or Awarded Contracts $47.7MM