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PyroGenesis Signs Agreement with Tier One Global Aerospace Company for Qualification of Additive Manufacturing Powders

Nachrichtenquelle: globenewswire
20.04.2021, 13:55  |  146   |   |   

PyroGenesis’ metal powders selected based on quality, cost and production advantages of NexGen production line

MONTREAL, April 20, 2021 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) (the “Company” or “PyroGenesis”), 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, is pleased to announce the signing of a qualification agreement (the “Agreement”) with a premier global aerospace company (the “Client”) for the production of metal powders.

Under this Agreement, 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.

The qualification process has now formally commenced, and the first powder samples are expected to be delivered within the next several weeks.

“This Agreement with one of the world’s largest aerospace companies is a very significant achievement in further validating PyroGenesis’ additive manufacturing powder offering utilizing our NexGen production, which provides significant cost and production advantages,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “This Agreement has been a long time in the making. The Client has visited our facilities and has evaluated our production process, and both parties have been eagerly awaiting the completion of our NexGen production line, which we announced earlier this week. It is important to realize that the qualification process is not only exhaustive and time-consuming, but also quite costly for this aerospace Client which we believe underscores their confidence in the added value and competitive differentiation of our offering. With the previously announced improvements now incorporated into our game-changing powder production line, we are all highly confident in our ability to meet, if not exceed, this Client’s stringent requirements. We fully expect to enter into similar agreements with other major players in the industry over the next several months.”

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PyroGenesis Signs Agreement with Tier One Global Aerospace Company for Qualification of Additive Manufacturing Powders PyroGenesis’ metal powders selected based on quality, cost and production advantages of NexGen production lineMONTREAL, April 20, 2021 (GLOBE NEWSWIRE) - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) (the …

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