PyroGenesis Canada Inc (TSE:PYR) (NASDAQ:PYR) (FRA:8PY) announced it has begun producing Additive Manufacturing (AM) NexGen metal powder for its clients after successfully completing, ahead of schedule, powder test runs for batch-to-batch consistency.
“The strategic decision previously made to delay powder production to incorporate several revolutionary improvements into the existing production line (increased production rate, lower CAPEX, lower OPEX, narrower particle size distribution) means that PyroGenesis is entering the AM powder market with a production line which management believes is the low-cost producer in its class,” PyroGenesis Canada CEO Peter Pascali said in a statement.
“Management also believes that the NexGen powder production line will also enable PyroGenesis to uniquely process materials which, until today, did not seem economically feasible,” Pascali added.
READ: PyroGenesis says its Additive Manufacturing NexGen Powder production line now in place and producing powders
Massimo Dattilo, vice president of PyroGenesis Additive, also commented, stating: “The next step is to complete the qualification processes and secure large long-term contracts, thereby providing PyroGenesis with recurring revenues for years to come. This will obviously take time, but we are there now. ”
“With the advantages of the NexGen powder production line, we believe it is only a matter of time given the major top tier aerospace companies and OEMs are already awaiting powders from this new state-of-the-art production line.”
PyroGenesis is a high-tech company that designs, develops, manufactures, and commercializes plasma atomized metal powder, plasma waste-to-energy systems, and plasma torch products.
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