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Expands into Coarse Cut Metal Powder Market alongside Fine Powder

 MONTREAL, Sept. 19, 2023 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a TSX30 and a Deloitte Canada Clean Technology Fast 50™ firm (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes superior plasma processes, prime quality plasma atomized steel powder for 3D printing, and sustainable options that are geared to cut back greenhouse gases (GHG), is happy to announce that the Company has obtained a small signed order from a worldwide aerospace agency (the “Client”). This order pertains to PyroGenesis’ plasma atomized titanium steel powders designed for 3D printing and is meant for one of many Client’s ongoing inside analysis and growth applications. Unlike the lately introduced contract for positive powder, this new order is for “coarse cut” steel powder, sometimes thought-about a by-product from the manufacturing runs that produce positive powders starting from 20-45 μm (microns) in measurement.

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The Client is the massive international aerospace unique tools producer (OEM) within the United States with whom the Company has beforehand disclosed our ongoing qualification course of. The order was produced utilizing the Company’s NexGen™ plasma atomization system and can quickly be in transit to the Client.

“The significance of this order is the particle size distribution (PSD) that has been requested”, stated Mr. P. Peter Pascali, CEO and President of PyroGenesis. “The PSD for this order is for our coarse cut titanium powder, in this case for powder between 45-150μm (microns), which we have been producing over the past year as we build our stock inventory. This contract recognizes what we believe is the superior overall quality of our powder and establishes a market for a larger percentage of our powder output, thereby improving our overall returns substantially.”

“With some traditional metal powder production processes, as the powder is created then filtered and separated into different cut sizes, the fine cut powder is removed for sale, with the remaining coarsest cut often considered of limited use, or even discarded as unsuitable,” stated Mr. Massimo Dattilo, VP PyroGenesis Additive. “However, with PyroGenesis Additive’s NexGen™ plasma atomization system, the coarsest cut component of the production batch remains of such a high quality, that we store these powders as inventory for future sales. By selling both the fine and coarse cut of each powder production run, the Company’s yield percentage from raw material is greatly enhanced, which is in line with the Company’s broader mandate for commodity security and optimization.”

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“Over the past several years, we designed, then readied, our new NexGen™ plasma atomization process with a goal to produce the highest quality metal powders in the additive manufacturing industry,” added Mr. Pascali. “PyroGenesis Additive has taken a cautious, methodical approach to its new production process. Now, with the full-scale commercialization underway, and a steady influx of initial orders, the long-term conservative strategy that has brought us to this point today is bearing fruit.”

The Company’s growth of top of the range titanium steel powders is a part of the Company’s three-tiered resolution ecosystem that aligns with financial drivers which can be key to international heavy trade. Metal powders is a part of the Company’s Commodity Security & Optimization tier, the place the restoration of viable metals, and the optimization of manufacturing to extend output, helps to maximise uncooked supplies and enhance the provision of vital minerals. Titanium has been recognized as a vital mineral by the Canadian authorities.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech firm, is a proud chief within the design, growth, manufacture and commercialization of superior plasma processes and sustainable options which cut back greenhouse gases (GHG) and are economically engaging alternate options to standard “dirty” processes. PyroGenesis has created proprietary, patented and superior plasma applied sciences which can be being vetted and adopted by a number of multibillion greenback trade leaders in 4 huge markets: iron ore pelletization, aluminum, waste administration, and additive manufacturing. With a staff of skilled engineers, scientists and technicians figuring out of its Montreal workplace, and its 3,800 m² and a pair of,940 m² manufacturing services, PyroGenesis maintains its aggressive benefit by remaining on the forefront of know-how growth and commercialization. The operations are ISO 9001:2015 and AS9100D licensed, having been ISO licensed since 1997. For extra data, please go to: www.pyrogenesis.com.

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Cautionary and Forward-Looking Statements

This press launch accommodates “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) inside the that means of relevant securities legal guidelines. In some circumstances, however not essentially in all circumstances, forward-looking statements might be recognized by way of forward-looking terminology reminiscent of “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that check with expectations, projections or different characterizations of future occasions or circumstances include forward-looking statements. Forward-looking statements aren’t historic details, nor ensures or assurances of future efficiency however as an alternative characterize administration’s present beliefs, expectations, estimates and projections concerning future occasions and working efficiency.

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Forward-looking statements are essentially primarily based on quite a few opinions, assumptions and estimates that, whereas thought-about affordable by the Company as of the date of this launch, are topic to inherent uncertainties, dangers and adjustments in circumstances that will differ materially from these contemplated by the forward-looking statements. Important elements that might trigger precise outcomes to vary, presumably materially, from these indicated by the forward-looking statements embody, however aren’t restricted to, the chance elements recognized below “Risk Factors” within the Company’s newest annual data type, and in different periodic filings that the Company has made and will make sooner or later with the securities commissions or related regulatory authorities, all of which can be found below the Company’s profile on SEDAR+ at www.sedarplus.com, or at www.sec.gov. These elements aren’t supposed to characterize an entire record of the elements that might have an effect on the Company. However, such danger elements needs to be thought-about fastidiously. There might be no assurance that such estimates and assumptions will show to be appropriate. You shouldn’t place undue reliance on forward-looking statements, which communicate solely as of the date of this launch. The Company undertakes no obligation to publicly replace or revise any forward-looking assertion, besides as required by relevant securities legal guidelines.

Neither the Toronto Stock Exchange, its Regulation Services Provider (as that time period is outlined within the insurance policies of the Toronto Stock Exchange) nor the NASDAQ Stock Market, LLC accepts duty for the adequacy or accuracy of this press launch.

For additional data please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
Phone: (514) 937-0002, E-mail: ir@pyrogenesis.com

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