PyroGenesis Kicks Off New European Distribution Strategy with Contract to Supply Spanish Aerospace Entity with Titanium Metal Powder

MONTREAL, April 30, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce the signing of an initial contract with an aerospace entity in Spain for the sale of PyroGenesis’ titanium metal powder for use in additive manufacturing. The client is engaged in the development of advanced aeronautics technologies for the European aerospace industry. The name of the client will remain anonymous for confidentiality reasons.

This new order is for our titanium metal powder with a particle size range of 15-63µm. This powder cut range is ideally suited for laser bed additive manufacturing methods, including Direct Metal Laser Sintering (DMLS) or Selective Laser Melting (SLM), which are widely recognized for their precision and strength in creating complex metal compounds.

The order has already been produced using PyroGenesis’ NexGen plasma atomization system and will soon be in transit to the client.

“This contract represents our initial commercial metal powder order from a European client, a significant milestone under our new direct distribution strategy. This powder is primarily utilized in laser bed applications within the additive manufacturing industry. We are experiencing an increase in activity from Europe and are currently engaging with additional European clients interested in acquiring our titanium powder for their additive manufacturing needs,” said Massimo Dattilo, Vice President of PyroGenesis Additive.

The contract was possible as a result of recent changes to the Company’s European metal powder distribution strategy, whereby the Company and Aubert & Duval mutually agreed to end their distribution agreement.

“As many of our long-time investors will know, over the past several years we designed, then readied, our new NexGen plasma atomization process with a goal to produce the highest quality metal powders in the additive manufacturing industry. As commercialization progresses and initial orders are received, our strategic initiatives continue to advance as well. We are gaining valuable experience in producing powders that cater to a variety of additive manufacturing applications including, but not limited to, laser bed, electron beam, binder jetting, and direct energy deposition technologies,” added P. Peter Pascali, President and CEO of PyroGenesis. “By ending our distribution agreement with Aubert & Duval, we have essentially eliminated the middleman, thereby essentially reducing costs to the end user. As can be seen from the announcement today we are now successfully selling directly to European-based clients.”