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PyroGenesis $PYR.ca Announces Completion of Ramp-Up Phase of 1st Plasma Atomization System

Posted by AGORACOM-JC at 8:42 AM on Monday, October 23rd, 2017

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During the ramp-up, the following were also achieved:

  • Six Non-Disclosure Agreements signed with distributors and 3D printer manufacturers
  • Three NDAs being negotiated with multinational aircraft engine manufacturers, at their request
  • Exclusive distributorship under negotiation in Asia
  • Received six sample orders for metal powder, of which five have been delivered to date
  • Developed new, potentially game changing, intellectual property; Patent applications progressing as expected

MONTREAL, QUEBEC–(Oct. 23, 2017) – PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR)(OTCQB:PYRNF), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and plasma torch products, announces today that it has successfully completed the ramp-up phase of its first plasma atomization system.

During the ramp-up, the following were also achieved:

  • Six (6) Non-Disclosure Agreements (“NDA”) signed with distributors and 3D printer manufacturers
  • Three (3) NDAs being negotiated with multinational aircraft engine manufacturers, at their request
  • Exclusive distributorship under negotiation in Asia
  • Received six (6) sample orders for metal powder, of which five (5) have been delivered to date
  • Adjusted process for other metal powders (i.e. Inconel)
  • Developed new, potentially game changing, intellectual property; Patent applications progressing as expected

Mr. P. Peter Pascali, President and CEO of PyroGenesis, provides an overview of today’s announcement in the following Q&A format. The questions, for the most part, are derived from inquiries received from investors, analysts, and potential customers:

Q: You announce today that ramp-up is complete? What does that mean exactly?

A: It means that we are open for business. By announcing the end of ramp-up, the plasma atomization reactor is fully functional, and ready to operate 24/7. We have added a second shift in anticipation of large scale commercial orders. The feedback so far is that our powders are of exceptional quality and, given our capacity for innovation, we offer extremely competitive pricing. As previously noted, we are already in discussion with numerous players in the field. 

Q. In terms of your sales strategy, do you plan on targeting metal 3D printer manufacturers, end users such as GE, distributors, or all the above?

A. As noted above, we have signed six (6) NDAs with both distributors and 3D printer manufacturers and three (3) NDAs are currently being negotiated with multinational aircraft engine manufacturers.

PyroGenesis’ strategy in the beginning of 2016, when we first announced that we were reentering the business of producing the very same powders we once produced for ourselves and the biomedical industry, was simply to be a credible second supplier. It only made good business sense for companies to have a second supplier for a vital feedstock such as titanium powders, and we wanted to fill that role.

Approximately one year ago, GE announced its acquisition of Arcam and, by default, AP&C. This acquisition, in our opinion, effectively introduced a supply chain risk in Additive Manufacturing (“AM”), despite AP&C’s willingness to still sell powders into the marketplace. We have found that end-users, and metal 3D printer manufacturers alike, want to make their supply chain more robust. We believe that as a result of GE’s acquisition of Arcam/AP&C, we are seeing a particular interest from GE’s competitors. We are in the process of negotiating at least three (3) NDAs with multinational aircraft engine manufacturers after having concluded at least another five (5) with metal 3D printer manufacturers. This activity, we believe, not only underscores, but validates our previously identified concerns regarding the supply chain.

So, with that as background, and to answer your question, we are positioning ourselves to be a dominant metal powder supplier to anyone in the industry with a need for small, spherical, uniform metal powders, of exceptional characteristics, whose particle size can be varied depending on the need. 

Of interest, is that we are not so much targeting a specific group as we have been targeted by them. We currently have ongoing discussions with end users, distributors, and printer manufactures.

Q. What kind of feedback have you received from the sample powder orders you have shipped?

A. The feedback we have been getting since being on-line has all been positive and beyond what we anticipated. I cannot stress enough that we never expected to receive sample orders during ramp-up. The take away should not just be that we received these sample orders during ramp-up, but that we have also signed a number of NDAs with credible players.

To recap, PyroGenesis has received six (6) unique sample orders, including one sample order for both our Grade 23 and Grade 5 MIM cut. Of these sample orders, we have currently shipped five (5), and the majority of these only in the past two (2) months. To date, we have not had any negative feedback.

Q. Do you plan on selling spot orders, or entering into a partnership / joint venture, or an exclusive sales agreement?

A. As discussed above, our original strategy was to sell spot orders, but given the strategic importance of GE’s acquisition of Arcam, and the concerns it has created with respect to powder supply, we believe that the market is now more interested in long term arrangements such as partnerships, joint ventures, and exclusivity agreements as opposed to buying spot orders as needed.

Q. In your press release dated Sept 18, 2017, you mentioned that, “…to the best of our knowledge, we know of no other company that offers commercial quantities of Ti-6Al-4V Grade 23 MIM cut…”. Does this suggest there won’t be a significant demand for MIM powder?

A. Absolutely not. It’s quite the opposite in fact.

We see demand coming from two areas:

First, with respect to AM, the MIM cut powder is being considered as a feed to making parts in quantity; essentially targeting high volume rather than high value manufacturing. This is what Desktop Metal, Markforged, 3DEO and Digital Metal are doing. These companies have effectively gained prominence very recently.

Spherical Ti64 grade 23, and grade 5, MIM cut powder (i.e. less than 25 microns) is not easy to produce. Our ability to supply these powders in commercial quantities, which can be produced with little or no waste, is enabling the industry.

Second, beyond AM, specifically in metal injection molding, end users have traditionally been trading flowability for part density. With PyroGenesis’ recent innovations, these end users can now have both flowability, with an extremely dense part, by sourcing PyroGenesis’ MIM cut powder.

As you can see, PyroGenesis is in effect enabling two (2) markets with our new plasma-based atomization system; namely for Additive Manufacturing and Metal Injection Molding. As such, in conclusion, we expect the demand for our MIM powder to exceed our most aggressive forecast model. We believe we are uniquely positioned to become the largest supplier of MIM cut powders to this industry should the anticipated explosive demand be realized.

Q. So, bottom line, you envision high demand for your MIM cut powder?

A. Yes. As I said, we believe that as 3D printing evolves, and new printers are developed, there will be an increased demand for different metal powder particle size cuts. We believe that the growth in demand for MIM cut powders by companies such as DeskTop Metal, 3DEO, Markforged, and Digital Metal will continue to grow. Additionally, we also anticipate a portion of our MIM cut powders to be sold to Metal Injection Molding companies.

Our ability to produce very narrow size cuts in significant volumes, with little to no waste, will not only allow us to address an explosive demand for MIM cut, but for any particular particle range, thereby enabling metal printers to evolve unrestricted by supply constraints. 

Q. How do you see the demand for the other size cuts of powder (i.e. SLS and EBM cuts) evolving? Are you concerned at all that other non-powder-bed AM methods, such as directed energy deposition, could become more widely adopted and impact the demand for powder feedstock?

A. Each AM method has its own targeted niche application. From SLS, to EBM, to Ink Jet, to Directed Energy Deposition, they each have targeted applications. EBM for example is excellent for, and quite widely adopted by, medical implants (such as hip joints). Each method offers a unique solution which can range from crude parts production that are large and require considerable post machining and processing, to repair parts, to others that are almost in their final form. Although AM has clear advantages over conventional manufacturing, we believe that it will remain a complimentary and parallel manufacturing method to conventional manufacturing. This being said, AM is finding considerable acceptance, and adoption, across many industries. As such, we see the AM method continuing to grow at current double-digit growth rates for the foreseeable future. 

Furthermore, we are not concerned that other non-powder-bed AM methods, such as Directed Energy Deposition, could become more widely adopted and impact the demand for powder feedstock. Directed Energy Deposition is an excellent solution for producing large parts that are very crude in finish and require considerable post machining and processing. This solution could be a choice for certain applications; however, for certain other applications, that require intricate internal details, or an almost finished build (near net shape), this method falls short or simply cannot achieve the desired results. Directed Energy Deposition in fact is derived from the welding industry and has been around for a considerable amount of time. We see the growth in AM coming from “net shape parts”, and in fact, are seeing a considerable amount of demand and growth coming from the finer size cut powders (exactly where we have been focusing in anticipation of this demand). More and more clients are requesting a high purity fine powder, and this is exactly where PyroGenesis’ new plasma-based process excels.

Q. The market would like some clarification – how did PyroGenesis get into this business of producing and selling powders?

A. PyroGenesis originally invented Plasma Atomization to address an internal need for small spherical titanium powders which were required for a project we were working on for NATO, i.e. developing light weight armor. It was difficult to find small spherical titanium powders of the quality we needed, and when we did, they were very expensive. This was well before there was any significant demand for these powders by metal 3D printers.

To make a long story short, we invented Plasma Atomization (and actually coined the term in our original patent application) to make small spherical powders for ourselves, not realizing that these powders had a use in the biomedical industry. The biomedical industry liked how our powders flowed like water and compacted tightly. The industry immediately found a use for them in the production of titanium implants (ex. titanium knee and hip replacements). Our first commercial biomedical sale was to a company called Stryker Corporation (the relationship of which was transferred to AP&C, who we believe, can still count them as one of their important customers today). 

When the program to develop lightweight armor came to an end, the biomedical industry would not take up all of our powder production, which is the reason PyroGenesis decided to get out of the business of powder production and, to this end, reached an arrangement wherein AP&C could continue the business subject to, amongst other things, a non-compete clause which ended in 2012. AP&C (a former division of Raymor Industries) sought creditor protection in 2009. When AP&C eventually came out of creditor protection, metal 3D printers started to have a need for the exact titanium powders that PyroGenesis’ Plasma Atomization system produced, and which AP&C was trying to commercialize. Arcam AB, a manufacturer of metal 3D printers, became a client of AP&C and eventually bought AP&C in 2013. Since that time, Arcam has done an amazing job of industrializing the process and AP&C, under Arcam, has become one of the dominant suppliers of titanium powders to metal 3D printers.

Q. Will your newly developed ability to control particle size distributions allow you to significantly differentiate yourself from your competition in terms of price?

A. We believed that we could differentiate ourselves from our competition in terms of price, before our newly developed ability to control particle size distribution was a consideration; our recent developments only solidifies/amplifies this advantage.

Separately, PyroGenesis announces today that it has signed an agreement with Crescendo Communications, LLP (“Crescendo”), effective November 1, 2017, for certain capital market strategic advisory services, specifically, to increase the Company’s market awareness amongst investors, with a particular emphasis on those in the United States (the “Agreement”).

In consideration of the services to be provided, the Company has agreed to pay Crescendo a monthly retainer fee of $6,000, with the first two months due ($12,000) upon signing of the Agreement. The Company may terminate the Agreement with Crescendo, at any time after December 31, 2017, by providing thirty (30) days’ written notice.

Crescendo does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

“We are pleased to announce that we have selected Crescendo to help increase PyroGenesis’ profile within the financial community as well as enhance the visibility of our product lines,” said Mr. Pascali. “We believe Crescendo’s methodologies fit well with the Company’s strategy to increase awareness within the investment community.”

In addition, and given the numerous inquiries on the topic, Mr. Pascali would like to take this opportunity to confirm that he has been a net buyer of PyroGenesis’ shares over the past few months as reflected in his public filings. “I have been adding to my ownership of PyroGenesis over the past few months,” said Mr. Pascali. “My intention is to continue to do so, as a net buyer, over the next few months as well.”

Additional information on the Company is available on SEDAR at www.sedar.com.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Its core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Its operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

Rodayna Kafal
VP, Investor Relations and Communications
(514) 937-0002
ir@pyrogenesis.com or rkafal@pyrogenesis.com

FEATURE: PyroGenesis $PYR.ca arguably the most advanced plasma technology Company in the world

Posted by AGORACOM-JC at 1:04 PM on Wednesday, October 18th, 2017
PyroGenesis Canada Inc. (TSX-V: PYR) (OTC: PYRNF) (Frankfurt: 8PYF)

  • Arguably the most advanced plasma technology Company in the world, with one of the largest concentration of plasma expertise under one roof working out of a ~40,000 sq. ft. facility in Montreal,
  • Considered the go-to source for the US Military when an application requires a plasma solution, it has over 57 patents (issued or pending), including being the inventors of ‘plasma atomization’ which is considered the current gold standard for production of Titanium-metal powder used in additive manufacturing (3D printers).
  • Company’s latest innovations/plasma solutions in chemical warfare agent destruction, metallurgy, and especially additive manufacturing, are all revolutionary, each on the cusp of exponential growth, and position the share price of PYR.V at a major inflection point, presenting opportunity for astute shareholders.

Click here to read entire feature.

PyroGenesis Canada $PYR.ca to Present at The MicroCap Conference on October 5th in New York City at the Essex House

Posted by AGORACOM-JC at 9:34 AM on Monday, October 2nd, 2017

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  • Presenting at this year’s MicroCap Conference on October 5th in New York City.

NEW YORK, NY / October 2, 2017 / PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF), a high-tech company (“PyroGenesis”) that designs, develops, manufactures, and commercializes plasma waste-to-energy systems and plasma torch products, will be presenting at this year’s MicroCap Conference on October 5th in New York City.

CONFERENCE OVERVIEW AND STRUCTURE

The MicroCap Conference is an exclusive event for investors who specialize in small and microcap stocks. It is an opportunity to be introduced to and speak with management at some of the most attractive small companies, learn from various expert panels, and mingle with other microcap investors.

The MicroCap Conference will take place in New York City at the Essex House on October 5th. Registration will begin on Thursday at 7:00AM, and will last until the evening. These days will be jam-packed with company sessions, presentations, good food, and plenty of time to network with other investors over drinks at the reception. This event does not allow service providers – only portfolio managers, analysts, and private investors.

REGISTRATION FOR INVESTORS

To register, please go to our website (microcapconf.com/conferences/new-york-2-2017/), and click “Investor Registration.”

PARTICIPATING COMPANIES

For our most updated list of companies, please go to our website (microcapconf.com/conferences/new-york-2-2017/).

MARQUEE SPONSORS

  • The Special Equities Group
  • Maxim Group

OTHER SPONSORS

  • M2 Compliance
  • MZ Group
  • Pryor Cashman
  • Wexler Burkhart Hirschberg & Unger
  • IRTH Communications
  • PCG Advisory Group
  • CORE IR
  • Catalyst IR
  • Marcum

News Compliments of ACCESSWIRE.

FOR MORE INFORMATION

Please visit: www.microcapconf.com.

Or, contact Tony Yu at tony@microcapconf.com.

SOURCE: PyroGenesis Canada Inc.

Canada’s #ElonMusk Provides PyroGenesis $PYR.ca Company Snapshot

Posted by AGORACOM-JC at 2:50 PM on Friday, September 29th, 2017

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PYR: TSX-V

  1. Additive Manufacturing:
    • Ramp-up on schedule
    • Patent applications progressing as expected
    • Exclusive distributorship under negotiation in Asia
    • Two Non-Disclosure Agreements (NDAs) being negotiated with end-users (competitors to GE) at their request
  2. DROSRITE™:
    • Middle Eastern visit took place and contract currently being negotiated
    • Separately, re-order being negotiated with current client
    • Demonstration system currently being deployed to India
  3. Chemical Warfare Agent Destruction System:
    • Initial testing at UK site, with simulants, demonstrated better destruction rates than tests performed in Montreal
    • Tests with actual chemical warfare reagents has been rescheduled to a future date (TBD). As mentioned, in a previous press release, the testing schedule is out of PyroGenesis’ control
  4. PUREVAP™:
    • Moving ahead as previously disclosed. Of note, nothing has taken place technically to challenge our original goal, notwithstanding normal challenges for a project of this nature
  5. PAWDS:
    • No changes. Additional order for new aircraft carrier expected in 2018

Desktop Metal gets $115 million in funding to deliver metal #3Dprinting for manufacturing $PYR.ca

Posted by AGORACOM-JC at 8:37 AM on Monday, September 25th, 2017

  • Desktop Metal has already earned a number of fans with its 3D printed metal technology — Lowe’s, Caterpillar and BMW were all among its earliest clients.
  • As first noted by CNBC, the Massachusetts-based startup is also getting some healthy monetary support, adding $115 million of venture funds to its coffers this week.

The Series D features a number of high profile names, including New Enterprise Associates, GV (formerly Google Ventures), GE Ventures, Future Fund and Techtronic Industries, the holdings company that owns Hoover U.S. and Dirt Devil.

Founded in 2013 by four MIT professors, Desktop Metal isn’t the first company to bring metal 3D printing to market, but it’s probably the most efficient. By its own measure, the company’s machines are able to print objects at up to 100-times the speed of their competitors. That’s good news for those clients using Studio, the prototyping machine the company announced last year — but even more useful for those planning to use the upcoming Production, a system designed to bring the technology to manufacturing.

Speed has been of the main bottlenecks in mainstreaming 3D printing for manufacturing — metal or otherwise. The Production system isn’t going to replace wide scale manufacturing any time soon, but it will make it a more realistic possibility for smaller speciality parts, with its ability to print 500 cubic inches of metal per hour. According to CEO Ric Fulop, that works out to millions of parts per year for a given machine.

“You don’t need tooling,” he tells TechCrunch. “You can make short runs of production with basically no tooling costs. You can change your design and iterate very fast. And now you can make shapes you couldn’t make any other way, so now you can lightweight a part and work with alloys that are very, very hard, with very extreme properties.”

The list of companies that have embraced the $50,000+ Surface is pretty diverse. Automakers like BMW are using it to prototype products, and the local robotics community has also been extremely excited about the device’s ability to print in a broad range of alloys. For smaller companies without access to big machining warehouses, prototyping with metal is a pretty big pain point.

“One of the benefits for this technology for robotics is that you’re able to do lots of turns,” says Fulop. “Unless you’re iRobot with the Roomba, you’re making a lot of one-off changes to your product.”

Desktop Metal is still pretty small, at around 150 people — mostly engineers, according to Fulop. Along with R&D, this latest funding round will go a ways toward increasing that staff and reach, with plans to extend to more markets, including Europe and Asia.

Source: https://techcrunch.com/2017/07/18/desktop-metal-gets-115-million-in-funding-to-deliver-metal-3d-printing-for-manufacturing/

PyroGenesis $PYR.ca Announces Commencement of Advanced Second Phase Lab Scale Testing with HPQ Silicon Resources $HPQ.ca

Posted by AGORACOM-JC at 9:12 AM on Tuesday, September 19th, 2017

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  • Informed its client, HPQ Silicon Resources Inc that the Gen 2 PUREVAP Quartz Reduction Reactor (referred to herein as: “Gen 2 PUREVAP“), a 1/250 scale model of the planned 200 metric tonne (MT) per year pilot plant (the “Pilot Plant”),
  • Will be operational in the coming weeks, and that an advanced, second phase, lab scale testing program is about to commence.

MONTREAL, QUEBEC–(September 19, 2017) – PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR)(OTCQB:PYRNF), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, is pleased to announce today that, further to its press release dated on May 4, 2017, it has informed its client, HPQ Silicon Resources Inc (“HPQ”), that the Gen 2 PUREVAP Quartz Reduction Reactor (“QRR“) (referred to herein as: “Gen 2 PUREVAP“), a 1/250 scale model of the planned 200 metric tonne (MT) per year pilot plant (the “Pilot Plant”), will be operational in the coming weeks, and that an advanced, second phase, lab scale testing program is about to commence.

As previously announced, the first generation lab scale PUREVAP QRR (referred to herein as: “Gen 1 PUREVAP“) was built to prove that Silicon Metal (Si) could be produced directly from quartz in just one step, for the solar panel industry.

The Gen 2 PUREVAP will focus on Process Refinement, Characterization, Metallurgical Testing and purity improvements using this new semi-continuous feed 1/250 scale model.

Based on Gen 1 PUREVAP results, PyroGenesis completed the detailed engineering and design of the Pilot Plant, including substantial process modifications, and as a result, this Gen 2 PUREVAP is an upgraded version of the Gen 1 PUREVAP that will be a true 1/250 scale replica of the planned larger pilot plant (“Gen 3 PUREVAP“). The Gen 2 PUREVAP is currently undergoing final manufacturing, assembly and testing, and will be operational during the first weeks of October 2017.

The start of this new metallurgical testing program using the Gen 2 PUREVAP represents major de-risking of the Pilot Plant program as the Gen 2 PUREVAP will:

  1. Allow for specific process design improvements and modifications derived from Gen 1 PUREVAP test work to be implemented and perfected;
  2. Produce larger Silicon Metal (Si) samples to test improvements to the purification process;
  3. Allow an intermediate step in scaling up to the Pilot Plant, thereby mitigating the scaling up risk;
  4. Allow for the following milestones to be reached sooner than originally planned:
    • Producing larger Si samples for testing by potential purchasers;
    • Allow HPQ and PyroGenesis to test the electrical parameters of the High Purity Si;
    • Produce enough material to send samples to solar industry participants; and
    • Provide data to demonstrate the economics of PUREVAP™ technology.

“We are happy to see this new phase of the project. This new reactor will allow us to produce larger quantities of silicon and validate the process for the pilot phase,” said Pierre Carabin, Chief Technology Officer of PyroGenesis.

The next key milestone is to produce quantities of solar grade silicon for testing of its electrical characteristics, sending material to industry participants and finalize Pilot plant design en route to commercialization.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

Rodayna Kafal
VP, Investor Relations and Communications
(514) 937-0002
ir@pyrogenesis.com
rkafal@pyrogenesis.com

PyroGenesis $PYR.ca Additive Confirms Production, and Orders, for Both Ti-6Al-4V Grade 23 & Grade 5 MIM Cut

Posted by AGORACOM-JC at 9:04 AM on Monday, September 18th, 2017

Pyr header 1

  • Company now confirms that process can, in fact, make titanium MIM cut Grade 23 powder in commercial quantities
  • Already received orders for samples of both Grade 5 and, most notably, Grade 23 Ti-6AL-4V MIM cut powders. 

MONTREAL, QUEBEC–(Sept. 18, 2017) – PyroGenesis Additive, a division of PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR)(OTCQB:PYRNF), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, is pleased to announce today that, further to its press release dated August 14, 2017, wherein it was announced that the Company had developed a new plasma-based atomization process to produce metal powders for 3D printers, specifically the MIM cut titanium (Ti-6Al-4V) powder Grade 5 (which for the purposes herein, we define as small fine metal powders, that can be used by metal 3D printers, typically in the 5um-25um size range), and wherein it was also announced that it seemed that the same process might make titanium MIM cut Grade 23, the Company now confirms that this process can, in fact, make titanium MIM cut Grade 23 powder in commercial quantities. Further to this, the Company is also pleased to announce that it has already received orders for samples of both Grade 5 and, most notably, Grade 23 Ti-6AL-4V MIM cut powders.

Mr. P. Peter Pascali, President and CEO of PyroGenesis, provides an overview of today’s announcement in the following Q&A format:

Q. What is the attraction of MIM cut powders?

A. The use of a MIM cut powder allows improved surface finish and increased definition of the parts. MIM cut refers to a powder size traditionally intended for use in the Metal Injection Molding industry, hence the phrase “MIM”. We also use this term to describe this same size cut (i.e., the finest powder size produced by plasma atomization, typically below 25um), and which we are seeing a potentially explosive demand for by metal 3D printers. The press has most recently noted the increased interest in using this fine powder by 3D printer manufactures such as Desktop Metal, Markforged and 3DEO. These new printing technologies hold the promise of much higher throughput and reduced costs compared to mainstream printers.

Of note, and where PyroGenesis Additive has applicability, is that the metal 3D printer demands for this MIM cut cannot be serviced by the powders which traditionally were used by Metal Injection Molding, as they are not pure enough.

The MIM cut powder of Ti-6Al-4V has traditionally only been available, in commercial quantities, as Grade 5. Given PyroGenesis Additive’s new plasma-based process, as described in its September 12, 2017 news release, it is now able to address this market by producing extremely narrow size distributions, at significantly higher production rates, with higher yields (i.e. little to no waste), and at much lower operating costs for both Grade 5 and Grade 23 in commercial quantities.

To the best of our knowledge, we know of no other company that offers commercial quantities of Ti-6Al-4V Grade 23 MIM cut.

Once again, PyroGenesis Additive is inventing, and innovating, thereby enabling 3D printers to reach new levels.

Q. What is the difference between Grade 5 and Grade 23?

A. The primary difference between the two is oxygen content, with Grade 23 having less oxygen content than Grade 5 (i.e. maximum oxygen content of 0.13% vs 0.20%). Since MIM cut powders are smaller, there is a tendency to have increased oxygen content due to more exposed surface area.1 Therefore, it is very difficult, in this particle range to have low oxygen content which is sometimes preferred.

Q. Why is it a challenge to make Grade 23? 

A. There are two challenges in making Grade 23 MIM cut powder: 1) quality and 2) quantity.

First, quality: because of its small size and relatively high surface area, the powder tends to pick up oxygen easily. By carefully controlling the operating environment of the plasma reactor, it is possible to minimize the oxygen pickup and, consequently, the oxygen content of the final powder.

Second, quantity: plasma processes have traditionally been designed to produce relatively large powders. By allowing to shift the particle size distribution to smaller sizes, the new PyroGenesis process maximizes the amount of powder available in the MIM cut range.

Q. Can you give us an update on sample orders and shipments?

A. To date, PyroGenesis Additive has received six (6) unique sample orders, including one sample order for our Grade 23 and Grade 5 MIM cut. Of these sample orders, we have currently shipped four (4).

Q. So, in conclusion, when will this success translate into more substantial orders?

A. It is important to put these sample orders in context. We never expected to receive any sample orders during the ramp-up phase. It is, as you can imagine, very difficult to project any sales from these sample orders. However, I think it is safe to say that given the amount of interest, the timing, and the type of clients we are seeing, we can expect that some future long-term contracts might be in the very near future. If that is true, one can well imagine that the impact on the Company could be so significant that whether that happens in a week, a month, or six (6) months, the difference in timing is a drop in the bucket when compared to the commercial implications.

I can say however, that these sample orders have translated into company visits; both to our facilities and to theirs… and remember this is all during ramp-up.

As previously announced, PyroGenesis Additive will be exhibiting at this year’s TCT show in Birmingham, England (Sept 26 – 28). The TCT Show is one of the world’s leading events dedicated to 3D printing, Additive Manufacturing and product development as over 250 exhibitors are showcased to more than 7,000 attendees. We invite those who will be attending the show to stop by our booth# C61 and speak with our sales team: Mr. Massimo Dattilo, VP, PyroGenesis Additive, and Mr. Alex Pascali, Sales Manager, PyroGenesis Additive.

Separately, PyroGenesis announces today that it will be presenting at The MicroCap Conference on October 5, 2017, at the Essex House in New York City. The MicroCap Conference is an exclusive event for investors who specialize in small and microcap stocks. Mr. Pascali will provide an overview of the Company’s business, during a live presentation and has scheduled several one-on-one meetings with investors who are registered to attend the conference. This event is exclusive to portfolio managers, analysts, and private investors.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

1 “Titanium Powder Metallurgy: Science Technology and Application”, Ma Quian and Francis H. Froes editors, Elsevier, 2015, 2015, p.340.

Rodayna Kafal
VP, Investor Relations and Communications
(514) 937-0002
ir@pyrogenesis.com or rkafal@pyrogenesis.com

Peter Pascali is the Canadian @elonmusk $TSLA Check out his extraordinary achievements at PyroGenesis $PYR.ca

Posted by AGORACOM-JC at 11:45 AM on Tuesday, September 12th, 2017

PYR: TSX-V

WHY PYROGENESIS?

  • 2016 Revenues of $5.2M
  • Increased Gross margins to 41.6% (2015: 27.1%)
  • Traditional lines of business are poised to contribute significantly to bottom line
  • Established backlog of signed contracts, majority of which are expected to be completed in 2017   
  • Clients include: U.S Air Force, U.S NAVY, Canada Natural Resources

Clients Include:

12 Month Stock Chart:

BREAKING: PyroGenesis $PYR.ca Additive Announces Significant Developments to its New Plasma-Based Atomization Process; Higher Production Rates, Higher Yields…

Posted by AGORACOM-JC at 8:47 AM on Tuesday, September 12th, 2017
Pyr header 1
  • Announces Significant Developments to its New Plasma-Based Atomization Process
  • Higher Production Rates
  • Higher Yields
  • Narrower Particle Size Distributions
  • Lower Costs

MONTREAL, QUEBEC–(Sept. 12, 2017) –PyroGenesis Additive, a division of PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR)(OTCQB:PYRNF), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, is pleased to announce today that, further to its press release dated August 14th, 2017, the Company has made additional developments to its previously announced new plasma-based atomization process, which produces metal powders for metal 3D printers. Specifically, these developments include the ability to produce extremely narrow size distributions which can be easily shifted to any particle size required for Additive Manufacturing (“AM”), at significantly higher production rates, higher yields (i.e. little to no waste), and at much lower operating costs than seen to date. Management believes that this new plasma-based atomization process will have as great, if not greater, impact on the AM market, specifically addressing metal 3D printers’ demand for new particle size distributions.

Mr. P. Peter Pascali, President and CEO of PyroGenesis, provides an overview of today’s announcement in the following Q&A format:

Q. On August 14th, 2017, the Company announced a new plasma-based atomization process. How have you developed this further?

A. What we announced on August 14th was revolutionary in its own right. What we are announcing today is that this new process can effectively produce higher yields of very narrow particle size distributions, with little or no waste, and for any powders under 150 microns (the sweet spot for 3D metal printers), and not just the MIM cut (which we define for the purposes of the discussion herein as small fine metal powders, that can be used by metal 3D printers, typically in the5-25-micron size range).

In short, for any particle size distribution used by metal 3D printers we can:

  1. Produce extremely narrow size distributions, of bulk powders, which are easily shifted to any other size cut required by metal 3D printers (i.e. 5-25 microns, 15-45 microns, 45-106 microns, 45-150 microns, etc.);
  2. At significantly higher production rates than seen in the past;
  3. With higher yields (i.e. little to no waste); and
  4. At much lower operating costs.

Q. This is extraordinary.

A. It is, but not only from a cost perspective. Of course, increasing production rates, narrowing size distributions, increasing yields and lowering operating costs all lower the cost of production significantly, but the most significant aspect of this new process is that we can do this for any specific powder size catering to the AM Industry. What this means specifically is that, when producing a specific size cut, you do not have to worry about selling the off-cuts, or getting rid of waste, as you did in the past. We can now shift the particle size distribution to a customer’s specific needs and then shift it easily to address another’s.

Q. So total control?

A. Yes, and management believes this is beyond anything seen to date as production rates are significantly higher than in the past.

Q. Can you put this in perspective? What was happening in the past, and how is this better today?

A. Most certainly. To put it in perspective, in the past, you could meet a customer’s order with a specific production run, but you would have a significant amount of powder left over of a different particle size distribution that was either ideal for different 3D printers (“off-cuts”) or was waste. That means that, in the case of off-cuts, one would have to, hopefully, have another client for these cuts, which is quite challenging, as you can imagine, as not all particle size demands are equal. If the off-cuts are waste then the problem is a bigger one of disposal. In both cases, storage is also an issue.

Q. How does this enable 3D printers, and how may this be game-changing?

A. It all has to do with the production profile, rates and costs. If as a powder producer, you must sell multiple size cuts, from each production run, to different clients it becomes a limiting factor; It becomes a limiting factor in terms of both your ability to store off-cuts you haven’t matched a client to, and your ability to meet the demand for new powder size cuts; this is particularly true if there is a significant demand in new powder size cuts that does not match your production profile.

Our game-changing process has changed all that as it is no longer dependent on a broad production profile which, as we said, is limited by client matching, storage and/or disposal.

This problem has become evident as companies (such as Desktop Metal, 3DEO, and Markforged) started to express an interest in very fine powders which, until recently, could only be considered as an off-cut of broad production profiles. How could an explosive need for such powders be met if production was limited to matching the balance of production? PyroGenesis’ new plasma-based atomization process can now address this by producing extremely narrow size distributions, which easily shift to any particle size distribution, at significantly higher production rates, higher yields (i.e. little to no waste), and at much lower operating costs.

This is a huge breakthrough which we consider game changing, and the very reason why we consider this development to be as significant, if not more significant, than PyroGenesis’ original Plasma Atomization invention.

Q. Conclusion?

A. Not only are we the inventors of Plasma Atomization but we coined the term in our original patent issued in 1998. All other plasma atomization technologies used in the AM space owe their existence to our original patent notwithstanding any improvements they purport to have made.

We are back as a powder producer. Our stated goal is to enable AM (i.e. 3D printing) to reach new heights while at the same time address the current powder needs of the industry. We believe we have, so far, not only been true to this goal, but have excelled in pursuing it; which is the essence of our press release today. We have only had a system in ramp-up phase since March of this year, but in this short timeframe have new patents pending and, as of late, developed further game-changing know-how. In addition, the reception by the market has caused us to look at ways to accelerate our original strategic plan.

We look forward to completing the ramp-up phase, by incorporating our advances, and developing strategic relationships to accelerate our growth. We are also looking forward to playing a significant role in this dynamic AM market and anticipate a very exciting year ahead.

PyroGenesis Additive further announces that it will be exhibiting at this year’s TCT show in Birmingham, England (Sept 26 – 28). The TCT Show is one of the world’s leading events dedicated to 3D printing, additive manufacturing and product development as over 250 exhibitors are showcased to more than 7,000 attendees. We invite those who will be attending the show to stop by our booth# C61 and speak with our sales team; Mr. Massimo Dattilo, VP, PyroGenesis Additive, and Mr. Alex Pascali, Sales Manager, PyroGenesis Additive.

Separately, PyroGenesis announces today that it is featured as a presenting company at the 19th Annual Rodman & Renshaw Global Investment Conference, sponsored by H.C. Wainwright & Co., LLC. The conference is currently in process, scheduled for September 10-12, at the Lotte New York Palace Hotel in New York City. Mr. Pascali will provide an overview of the Company’s business on Tuesday, September 12th, during a live presentation and has scheduled several one-on-one meetings with investors who are registered to attend the conference. The conference is attended by over 2,000 attendees.

Finally, the Company announces today that an additional CAN$600,000 of previously issued warrants have been exercised. “Once again, this exercise of warrants is timely,” said Mr. Pascali. “As announced herein, we are currently looking beyond the ramp-up phase towards increasing production capacity ahead of our original expectations. This exercise of warrants, together with any future exercise of warrants and options, will enable us to implement plans to accelerate this growth, including our original schedule to increase our production capacity of metal powders for the AM (3D Printing) Industry. As previously announced, we are still looking at ways to have up to three (3) additional powder production systems operating in 2018. To date, our metal powder production strategy is progressing far better than planned, and we are very pleased.”

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Markets Group Inc.accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

Rodayna Kafal
VP, Investor Relations and Communications
(514) 937-0002
ir@pyrogenesis.com or rkafal@pyrogenesis.com

Interested in Raytheon Company $RTN ? Did you know PyroGenesis $PYR.ca has a Chemical Warfare Agent Contract With US/UK Special Operations

Posted by AGORACOM-JC at 5:05 PM on Thursday, August 31st, 2017

PYR: TSX-V

WHY PYROGENESIS?

  • 2016 Revenues of $5.2M
  • Increased Gross margins to 41.6% (2015: 27.1%)
  • Traditional lines of business are poised to contribute significantly to bottom line
  • Established backlog of signed contracts, majority of which are expected to be completed in 2017   
  • Clients include: U.S Air Force, U.S NAVY, Canada Natural Resources