Justwow wrote: You really need to do your DD Sorryson!
Notice the date on this article...July 20/22
"Since at least 2015, it has also worked to develop metal powders for AM. P. Peter Pascali, CEO and Chair of PyroGenesis, explained that it took several years of research and development to push the technology beyond sample production"
Sorryson,
did you really think without R&D that the company was going to go into commercial production overnight? Especially to manufacture the highest quality "gold standard" powder and to market a "very targeted powder with little to no waste at higher volumes and lower cost"?
Wow, I can't believe how naive you are...really??
PyroGenesis Canada Inc.(TSX: PYR) has long been working to develop additive manufacturing (AM) feedstock using its own plasma atomization technique. Now, the company has announced that it has increased its powder production technology to industrial scale.
NextGen Metal 3D Printing Powders
PyroGenesis is a Montreal-based plasma technology company, which not only recycles waste, but also develops systems for converting that waste into something useful, including energy. The company claims to be the original inventor of plasma atomization, even inventing that term. Since at least 2015, it has also worked to develop metal powders for AM. P. Peter Pascali, CEO and Chair of PyroGenesis, explained that it took several years of research and development to push the technology beyond sample production:
“Over the past three years, PyroGenesis completed a series of intricate production steps as it readied the NexGen Plasma Atomization system. This has resulted in the most recent milestone, where the Company announced that it had moved from sample production to commercial size batch production,” Pascali said. “With the ability to now produce titanium powder by the tonne, the Company is now in a position where it can provide additional perspective on status, and next steps, for both existing and developing opportunities.”
The plasma atomization process from PyroGenesis. Image courtesy of PyroGenesis.
The result is the NexGen Plasma Atomization System, which advances on its previous plasma atomization technique by offering higher production rates, narrower particle size distribution (“PSD”), and the ability to distribute bulk PSD in a more desirable manner. In turn, PyroGenesis claims the ability to manufacture “a very targeted powder, with little to no waste, at higher volumes and lower cost.”
Partners at Home and Abroad
In 2019, PyroGenesis partnered with French metal industrialization company Aubert & Duval to help develop the NextGen technology. A subsidiary of the world’s second largest maker of high-power, press-forged parts Eramet, Aubert & Duval buys titanium powder exclusively from PyroGenesis to distribute it in Europe. Now, PyroGenesis is in the process of establishing full distribution agreements, including distribution planning, order planning, and logistics.
PyroGenesis’s plasma atomization system. Image courtesy of PyroGenesis.
Additionally, a tier one North American aerospace company has agreed to qualify of the titanium powder to set the Canadian plasma business to become an approved supplier. This will include evaluating PyroGenesis’s manufacturing methods, powder samples, and mechanical and chemical properties before printing test coupons. Pyrogenesis believes they are nearing the end of this initial testing process before approval of non-manufacturing processes (e.g., quoting, handling, storing, shipping, logistics, etc.). Final approval is anticipated to occur in Q4 2022.
Now, PyroGenesis is in the process of producing stock titanium powder for storage as orders from Aubert & Duval, along with other customers, begins to take place. This may include the Asian market, where the company had previously initiated talks with a metal powder supplier to establish a distribution agreement.
So far, the plasma firm had achieved ISO 9001:2008 and AS9100D certification for aerospace. It is now ready to pursue ISO 13485:2016, which is focused on a quality management system that demonstrates the ability to provide regulated medical devices and related services. That will open up the company’s powders to the medical market.
Expanding to Aluminum 3D Printing Powders
At the moment, the NextGen technology is capable of atomizing titanium powders; however, PyroGenesis is also developing aluminum alloys, such as AlSi10Mg, for the auto industry. This trends with aluminum 3D printing as a whole, which is currently being driven by demand by auto OEMs for this lightweight, corrosion resistant, mechanically strong metal typically used in casting. According to SmarTech Analysis, aluminum alloy 3D printing accounted for almost 10% of 3D printed metal in 2018, which led to a 43 percent growth in shipments of aluminum powder.
PyroGenesis anticipates the need for a stand-alone aluminum atomization system in order to prevent cross-contamination, individualized research and development, and large-scale production of the material. As a result, this is a medium-term goal for the firm. It is also exploring regions in Europe in which to establish a powder factory in Europe.
“As we have stated in the past, given the sheer size of this market and our unique manufacturing process – which improves exponentially on the world’s existing leading metal powder production process (which we invented 25 years ago) – we expect to capture a significant share of the overall titanium powder market,” said Massimo Dattilo, Vice President of PyroGenesis Additive. “With our NexGen system reaching the commercial scale production milestones of the past month, combined with the attention that these achievements have attracted worldwide, we are even more convinced that not only has the Company’s systematic and painstaking approach been the correct path, but that this strategy will result in unique additional opportunities. As a result, we are continuing to announce new products, new markets, and additional manufacturing avenues as indicated above, all with the goal to help additive manufacturers improve their processes & margins, by offering the highest quality metal powders at the lowest cost.”
Analysis
It is interesting to hear these updates from PyroGenesis all at once. The company must have been eager to share the progress on its AM powder technology, particularly as numerous newcomers enter a space which it had begun exploring much earlier.
Given the French background of Quebec, it is not surprising that it has partnered with a French metals company for distribution. It also wouldn’t be surprising if those French-Canadian synergies continued, perhaps leading to a collaboration with AddUp, just across the border in Ohioand with a headquarters in France. Canada’s AM ecosystem has not yet caught up with those of other first world nations, so we can likely expect PyroGenesis to further cultivate, if not lead, the 3D printing sector in the country.
It would be particularly interesting for a company like Eramet to acquire PyroGenesis or even its additive division as the relationship progresses. Founded with funding from the Rothschild banking family in 1880, the company has grown to a $3.7 billion mining giant, in terms of 2017 revenues. Large metals businesses—such as Kennametal, GKN, Carpenter, Sandvik, Rusal, Hgans, and ThyssenKrupp—have been increasing their footing in AM for some time. While ThyssenKrupp is the largest in terms of revenues, it is not producing AM powders for sale. Instead, it is working with shipping giant Wilhelmsen to 3D print marine parts. Sandvik may be the most comparable in terms of activities, given its large mining business. For a French firm to take out a slice of the metal AM powders segment, it might very well need to purchase its own division rather than develop it internally
https://3dprint.com/292799/pyrogenesis-now-producing-metal-3d-printing-powders-at-scale/
sorrenson - (12/16/2022 9:41:52 PM)
RE:RE:RE:RE:RE:RE:Additive Manufacturing to reach US76.16 billion by 2030
and they have sold how much powder ? So dont sell machines and dont sell powder...yeah ok pumper ..
Justwow wrote: Another example of how bashers mislead shareholders by "twisting facts" and telling "half truths" to spread FUD!
It was a s"strategic" decision by Pyrogenesis to move away from producing systems in favour of producing powders. This is explained in this PR released by Pyro in 2016
Q. You also had a CAD 12.5MM contract to deliver ten (10) systems to an Asian client if I am not mistaken? I understand one (1) was delivered, and the balance was not. Can you elaborate?
A. Our intention was to fulfil the contract and deliver the balance of nine (9) systems however between finishing the first system and commencing fabrication of the other nine (9) systems, three (3) things happened. First, we spent approximately CAD 2MM to improve the first system’s production rate and powder size. Second, and given these improvements, we previously announced on October 26, 2015, our strategic decision to move away from producing systems in favour of producing powders. Our internal calculations indicated that what we could
expect to make from the powders produced from one (1) system, year in/year out, outweighed that which we expected from the one-time profit made from selling ten (10) systems. Third, a situation arose that enabled us to withdraw the offer to produce the balance of nine (9) systems, which was most opportune since, as much as we would have liked to deliver the nine (9) systems, we were not set up to do both that and enter into powder production.
Q. This must have caused quite a bit of hardship?
A. It certainly did. What company with CAD 6MM in revenues and traditional margins of 40-50% would not suffer from getting out of a CAD 12.5MM contract? The decision was even more difficult given that several months earlier, we had stated that with the downpayment for the next nine (9) systems, the Company was projected to be cash flow positive.
Q. How did you make the decision?
A. It was not easy. There were many external factors that impacted the process; cash requirements, market sentiment, analyst projections, amongst others. Actually, an employee asked me that same question and I responded that, in order to understand what the best decision for the Company is, one must imagine that these external factors do not exist. In other words, what would you decide if you had all the cash you need, investor sentiments were nonexistent, and analysts would understand? Once you figure out what the best decision is, then you can decide whether these external factors are manageable, and that’s exactly what we did. We decided that the gain derived from being in powder production sooner, far outweighed the short term pressures from not having the cash or credibility from producing the nine (9) systems.
Do not believe anything that these bashers/Fudsters say! Do your own DD on the company. They are paid to spread FUD to nervous investors so they can lure you into selling your shares!
https://www.pyrogenesis.com/wp-content/uploads/2018/11/UPDATE-ON-ADDITIVE-MANUFACTURING-STRATEGY-1-1.pdf
It's worth reading the entire PR. Another interesting point about GE's US$1.4 billion acquisition to increase their presence in additive manufacturing:
Separately, the Additive Manufacturing industry is heating up and the recent announcement that General Electric (“GE”) purchased two (2) of the world's top makers of powder machines for metal-based 3D printing - Sweden's “Arcam” and Germany's “SLM Solutions” - for a total CAD 1.4B, underscores that position. I think our investors are beginning to appreciate our decision to provide powders to the Additive Manufacturing industry when we did, as opposed to sitting on the sidelines during this exciting time.
Q. What does the GE’s acquisition of Arcam, and by extension AP&C, mean to PyroGenesis? How do you expect it will impact the Company’s strategy moving forward?
A. The acquisition of Arcam by GE underscores the importance and value that the powders produced using our PAP has within the Additive Manufacturing industry, and further validates our strategic decision to get back into powder production, which, in retrospect, was quite timely.
Also, since AP&C is the only company that had rights to PyroGenesis’ old technology, this acquisition by GE has actually provided for an increased interest by others in the industry about our capabilities.
Patience will be rewarded!
Long and Strong Pyrogenesis!
sorrenson - (12/16/2022 9:41:52 PM)
RE:RE:RE:RE:RE:RE:Additive Manufacturing to reach US76.16 billion by 2030
and they have sold how much powder ? So dont sell machines and dont sell powder...yeah ok pumper ..
Justwow wrote: Another example of how bashers mislead shareholders by "twisting facts" and telling "half truths" to spread FUD!
It was a s"strategic" decision by Pyrogenesis to move away from producing systems in favour of producing powders. This is explained in this PR released by Pyro in 2016
Q. You also had a CAD 12.5MM contract to deliver ten (10) systems to an Asian client if I am not mistaken? I understand one (1) was delivered, and the balance was not. Can you elaborate?
A. Our intention was to fulfil the contract and deliver the balance of nine (9) systems however between finishing the first system and commencing fabrication of the other nine (9) systems, three (3) things happened. First, we spent approximately CAD 2MM to improve the first system’s production rate and powder size. Second, and given these improvements, we previously announced on October 26, 2015, our strategic decision to move away from producing systems in favour of producing powders. Our internal calculations indicated that what we could
expect to make from the powders produced from one (1) system, year in/year out, outweighed that which we expected from the one-time profit made from selling ten (10) systems. Third, a situation arose that enabled us to withdraw the offer to produce the balance of nine (9) systems, which was most opportune since, as much as we would have liked to deliver the nine (9) systems, we were not set up to do both that and enter into powder production.
Q. This must have caused quite a bit of hardship?
A. It certainly did. What company with CAD 6MM in revenues and traditional margins of 40-50% would not suffer from getting out of a CAD 12.5MM contract? The decision was even more difficult given that several months earlier, we had stated that with the downpayment for the next nine (9) systems, the Company was projected to be cash flow positive.
Q. How did you make the decision?
A. It was not easy. There were many external factors that impacted the process; cash requirements, market sentiment, analyst projections, amongst others. Actually, an employee asked me that same question and I responded that, in order to understand what the best decision for the Company is, one must imagine that these external factors do not exist. In other words, what would you decide if you had all the cash you need, investor sentiments were nonexistent, and analysts would understand? Once you figure out what the best decision is, then you can decide whether these external factors are manageable, and that’s exactly what we did. We decided that the gain derived from being in powder production sooner, far outweighed the short term pressures from not having the cash or credibility from producing the nine (9) systems.
Do not believe anything that these bashers/Fudsters say! Do your own DD on the company. They are paid to spread FUD to nervous investors so they can lure you into selling your shares!
https://www.pyrogenesis.com/wp-content/uploads/2018/11/UPDATE-ON-ADDITIVE-MANUFACTURING-STRATEGY-1-1.pdf
It's worth reading the entire PR. Another interesting point about GE's US$1.4 billion acquisition to increase their presence in additive manufacturing:
Separately, the Additive Manufacturing industry is heating up and the recent announcement that General Electric (“GE”) purchased two (2) of the world's top makers of powder machines for metal-based 3D printing - Sweden's “Arcam” and Germany's “SLM Solutions” - for a total CAD 1.4B, underscores that position. I think our investors are beginning to appreciate our decision to provide powders to the Additive Manufacturing industry when we did, as opposed to sitting on the sidelines during this exciting time.
Q. What does the GE’s acquisition of Arcam, and by extension AP&C, mean to PyroGenesis? How do you expect it will impact the Company’s strategy moving forward?
A. The acquisition of Arcam by GE underscores the importance and value that the powders produced using our PAP has within the Additive Manufacturing industry, and further validates our strategic decision to get back into powder production, which, in retrospect, was quite timely.
Also, since AP&C is the only company that had rights to PyroGenesis’ old technology, this acquisition by GE has actually provided for an increased interest by others in the industry about our capabilities.
Patience will be rewarded!
Long and Strong Pyrogenesis!