PyroGenesis Confirms Half-Tonne Order for Immediate Delivery of Titanium Metal Powder

Core Insights - PyroGenesis Inc. has signed a half-tonne contract with a Global Aerospace Leader for titanium metal powder, marking the first order since achieving approved supplier status after a multi-year certification process [1][4] Company Highlights - The contract involves the supply of "coarse" cut Ti64 powder (particle size: 45-150µm) produced by PyroGenesis' NexGen™ plasma atomization process, which will be shipped shortly [2][3] - The contract value remains confidential for competitive reasons, but it signifies a strategic partnership with a major player in the aerospace industry [2][4] - The NexGen™ system is a patented upgrade to the plasma atomization process, enhancing efficiency in metal powder production and reducing costs for customers, thereby reinforcing the company's competitive advantage [4][8] Industry Context - The global 3D printing market for titanium powder is projected to grow from $214 million in 2023 to $1.4 billion by 2032, indicating significant market potential for titanium products [7] - Titanium is classified as a critical mineral by both Canada and the U.S., and is utilized across various industries including aerospace, defense, and electric vehicles due to its high strength-to-weight ratio and corrosion resistance [11]