PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) announced Thursday that its quality management system for the production of metal powders for the additive manufacturing (read: 3D printing) industry has been approved by a premier non-European aerospace company.
The company’s NexGen Plasma Atomization System produces 25 kilograms of metal powder per hour, a feat that shatters other published plasma-atomized production rates, the company said. This was achieved at a lower cost per kilogram while maintaining the characteristics demanded by the industry, including oxygen continent, flowability and density.
"[A] limiting factor in titanium adoption in the marketplace has been its cost,” PyroGenesis Additive VP Massimo Dattilo said in a statement. “We expect that price reductions now permitted by the NexGen technology will drive an increased adoption of PyroGenesis’ powders by new markets and applications where the higher cost of plasma atomized powders was typically prohibitive.”
The name of the aerospace company has been withheld for competitive reasons, the company said.
“Although this does not guarantee any future orders and, on the face of it, may seem to be a minor and expected development, it is in reality very significant as it complements the cutting-edge improvements we have made with our NexGen technology which we have announced in previous press releases, and is a key and fundamental step forward,” CEO Peter Pascali said in a statement.
The approval of PyroGenesis’ technology is a step towards increasing its foothold outside of Europe, although the company is based in Montreal.
“This relationship outside of Europe expands, builds upon and complements that which we have developed with Aubert & Duval in Europe,” said Pascali. “It has taken a bit more time than expected, but we now have in place one of the best quality systems which, combined with our game-changing NexGen technology, positions us well to service the AM Industry."
He added: “PyroGenesis can now boast of at least two significant relationships with internationally recognized entities, one of them being a premier tier aerospace company, and both of which are spending considerable time, energy, and money to develop a business relationship with PyroGenesis.”
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