- A top aerospace company has audited PyroGenesis’ (PYR) metal powder production facility in Montreal
- PyroGenesis is making requested modifications and adjustments to proceed with the delivery of final titanium powder samples for chemical and mechanical testing
- The company estimates final submission and approval by Q4 2022 or Q1 2023 when it will become an approved supplier of metal powders to the aerospace client and its suppliers
- PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases
- PyroGenesis (PYR) is down by 0.53 per cent, trading at $1.89 per share
A top aerospace company has audited PyroGenesis’ (PYR) metal powder production facility in Montreal.
The aerospace client is a leader in the design, engineering and manufacturing of aircraft, aerospace technology and defence solutions.
The audit is part of the final phase of the client’s qualification process, which has spanned over 18 months towards PyroGenesis becoming an approved supplier of metal powders to the client and its suppliers.
PyroGenesis is making requested modifications and adjustments to proceed with the delivery of final titanium powder samples for chemical and mechanical testing. The company estimates final submission and approval by Q4 2022 or Q1 2023.
The company’s NexGen manufacturing process uses wire as a direct feedstock for high-temperature plasma atomization, which exponentially improves the world’s leading metal powder production process in terms of cost, production speed and particle size control. This makes PyroGenesis well-positioned to capture a significant share of the global titanium powder market.
“The findings and recommendations suggested to us by the client were thoughtful, valuable and easily implemented,” stated P. Peter Pascali, CEO and Chair of PyroGenesis. “Once again, the philosophy that slow is smooth and smooth is fast is bearing fruit for both the company and its investors.”
PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases.
PyroGenesis (PYR) is down by 0.53 per cent, trading at $1.89 per share as of 11:36 am EST.
