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PyroGenesis Announces Contract Toward Titanium Powder Supply and Distribution Agreement with Asian Materials Company

PYRGF
  • PyroGenesis Inc. signed a contract with a leading Asian materials company to supply titanium powder produced via its NexGen™ plasma atomization process.
  • The initial agreement covers three particle size ranges (20-63µm, 53-106µm, 53-150µm) for final testing & analysis in additive manufacturing for electronics components.
  • The Client, whose name is withheld for competitive reasons, serves the Asian electronics market specifically for cell phone parts.
  • Following successful testing & certification of regulatory & trade agreements, the Client expects to require multiple tonnes of titanium powder annually.
  • The Client is concurrently negotiating to become the official distributor of PyroGenesis' titanium powder for the Asian electronics, medical, & aerospace sectors.
  • Titanium deliveries to the Client are scheduled to occur over the next few weeks.
  • PyroGenesis opted for a distribution model rather than selling multiple systems after years of discussions regarding the NexGen system's commercialization.
  • The global 3D printing market for titanium powder is projected to grow from $214 million in 2023 to $1.4 billion by 2032.
  • Titanium is classified as a critical mineral by both Canada & the U.S. due to its high strength-to-weight ratio & corrosion resistance.
  • PyroGenesis is the inventor of the plasma atomization process & its NexGen™ system represents a patented upgrade to the industry gold standard for metal powder.
  • PyroGenesis shares trade on the TSX (PYR), OTCQX (PYRGF), & Frankfurt (8PY1) exchanges.