PyroGenesis Canada Inc. (TSX:PYR) said it has received and completed a 100 kilogram (kg) commercial order for titanium powders for 3D printing under its mutually exclusive partnership agreement with Aubert & Duval.
PyroGenesis said this commercial batch of powder was produced at its state-of-the-art production facility in Montreal, using the company's NexGen plasma atomization system.
"According to Grand View Research, the global 3D printing market was valued at US$13.84 billion in 2021 and is expected to grow at a compound annual growth rate of 20.8% from 2022 to 2030. Given the sheer size of this market and our unique manufacturing process, we believe we are well positioned to capture a significant share of the overall titanium powder market,” Massimo Dattilo, VP, PyroGenesis Additive said in a statement.
“This order is both an important commercial milestone, as well as further validation of our process and ability to supply some of the highest quality powder produced to the AM industry using our NexGen plasma atomization process. We are making larger commercial batches now, not just sample batches, and additional batches are underway. For comparison, previous sample batches were a couple of hundred grams, whereas this production batch is 100kg. It's an exciting time," he added.
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PyroGenesis said the agreement with Aubert & Duval outlines a strategy between the parties to supply plasma atomized titanium powder, on a mutually exclusive basis, to the additive manufacturing market in Europe.
Aubert & Duval is a subsidiary of Eramet group, a world leader in industrializing high-performance steel, super alloy, aluminum and titanium alloys for over a century.
PyroGenesis Canada is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gasses.
Contact the author at jon.hopkins@proactiveinvestors.com