News out, fantastic work by Peter and Team at PyroGenesis:
PyroGenesis Announces Completion of In-House Audit of Its NexGenTM Metal Powder Production Facility by Global Aerospace Company https://ceo.ca/@globenewswire/pyrogenesis-announces-completion-of-in-house-audit MONTREAL, Sept. 21, 2022 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes, high quality plasma atomized metal powder for 3D printing and additive manufacturing, and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce today that, further to its press releases dated August 31, 2022 and July 18, 2022, the in-person powder production audit at PyroGenesis’ metal powder production facility in Montreal was completed by a tier one global aerospace company (the “Client”).
“We are extremely pleased with the results of the on-site audit which offered us an opportunity to showcase our facility, our staff, and our groundbreaking process to a leading provider in design, engineering, and manufacturing of aircraft, aerospace technology, and defense solutions,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “The findings and recommendations suggested to us by the Client were thoughtful, valuable, and easily implemented. As you might expect the scrutiny was of the highest degree, and I wish to thank the entire team, who over many years, have contributed to this success. Once again, the philosophy that “slow is smooth and smooth is fast” is bearing fruit for both the Company and its investors.”
As mentioned in prior news releases, this on-site facility and production audit is a significant step for the Company as part of the final phase of the Client’s qualification process, which has spanned over 18 months of investigative rigor towards becoming an approved supplier of metal powders to the Client and its suppliers. With this step completed, the Company is making requested modifications and adjustments in order to proceed with delivery of final samples of titanium powder for chemical and mechanical testing by the Client.
“From the outset, we wanted to validate our product and our system with the best, under the hardest and the most difficult standards. We are proud to state that all of the Client’s findings are addressable and aligned with our expectations prior to the audit,” said Mr. Massimo Dattilo, VP, PyroGenesis Additive. “As we have stated in the past, given our unique manufacturing process that exponentially improves upon the world’s leading existing metal powder production process – which we invented – using high temperature plasma atomization, we expect to be in a position to capture a significant share of the global titanium powder market. Completing the modifications by the Client’s audit findings and moving to the final sample delivery stage with such a major global aerospace company is a huge step towards that goal. We continue to be on track for a Q4 2022 / Q1 2023 target for final submission and approval.”
The goal of PyroGenesis’ Additive division is to become a leading supplier of plasma atomized metal powders to end- users of additive manufacturing (AM) and 3D printing, which include, but are not limited to, the aerospace, biomedical, and automotive industries. The Company believes that its NexGen™ metal powder production system, a single-step process that is unique in that it uses wire as a direct feedstock, will produce significant gains in production speed, particle size control, and cost.
Long and Strong in PyroGenesis!