- PyroGenesis (PYR) has signed an agreement with a tier one global aerospace company to qualify its additive manufacturing powders
- The aerospace company will perform a standard qualification process required before PyroGenesis can become an approved supplier
- The process will evaluate the consistency of PyroGenesis’ manufacturing methods
- The company expects that testing with real parts under real-time conditions will be in order before final acceptance
- PyroGenesis Canada designs, develops, manufactures and commercializes advanced plasma processes and products
- PyroGenesis (PYR) is down by 2.58 per cent and is currently trading at C$6.05 per share
PyroGenesis (PYR) has signed an agreement with a tier-one global aerospace company to qualify its additive manufacturing powders.
The aerospace company will perform a standard qualification process required before PyroGenesis can become an approved supplier.
The process will evaluate PyroGenesis’ manufacturing methods, test powder samples for batch-to-batch consistency and determine mechanical and chemical properties.
Subsequently, larger volumes of powder will be used to print test coupons to further evaluate mechanical and chemical properties.
The company expects that testing with real parts under real-time conditions will be in order before final acceptance.
Upon passing all acceptance tests, PyroGenesis will lock the process down specifically for the aerospace company with no additional modifications permitted.
P. Peter Pascali, CEO and Chair of PyroGenesis, commented,
“This agreement with one of the world’s largest aerospace companies is a very significant achievement in further validating PyroGenesis’ additive manufacturing powder offering utilizing our NexGen production, which provides significant cost and production advantages.
It is important to realize that the qualification process is not only exhaustive and time-consuming, but also quite costly for this aerospace client, which we believe underscores their confidence in the added value and competitive differentiation of our offering.”
PyroGenesis Canada designs, develops, manufactures and commercializes advanced plasma processes and products.
PyroGenesis (PYR) is down by 2.58 per cent and is currently trading at C$6.05 per share as of 1:27 pm ET.
