GlobeNewswire·Sep 14, 2026, 7:00 AM ET

PyroGenesis Comments on Recently Announced Tariffs

PyroGenesis confirms that recent U.S. tariffs & procurement restrictions are not expected to materially impact its operations or financial results.
The company notes that Canada-U.S. trade negotiations were suspended, leading to counter-tariffs & a U.S. directive to remove Canadian products from GSA Multiple Award Schedules on September 8.
Machinery exported to the U.S. continues to be subject to an existing 10% tariff rate with no changes observed based on current classifications.
PyroGenesis does not currently supply goods directly to U.S. federal agencies except for specific Department of Defense activities.
Universities & research facilities supplied by the company are not expected to be materially affected by GSA MAS changes due to their eligibility status & funding sources.
Defense clients operate under regulatory exceptions & statutory carve-outs that allow contracting officers to bypass GSA Schedules for national security reasons.
The company maintains manufacturing & assembly capabilities in Canada, the U.S., & other global jurisdictions to ensure supply chain flexibility.
President & CEO P. Peter Pascali stated confidence that the new measures will have little to no direct negative impact on the company.