PyroGenesis to supply $15 million metal powder production system to Additive Manufacturer
April 1, 2014
PyroGenesis, a developer and manufacturer of plasma waste-to-energy systems and plasma torch systems based in Montreal, Canada, has announced that it has signed a letter of intent (LOI) to supply a major international manufacturer with several plasma-based metal powder production systems for use in Additive Manufacturing. At this stage the customer’s name is being withheld for competitive reasons.
“One of the limiting factors in the full commercialization of 3D printing for metal products is the availability of high-quality, high-purity metal powder,” stated P Peter Pascali, President and Chief Executive Officer of PyroGenesis. “Our platform is a proven product with completed commercial sales having already taken place in North America and Europe. A successful conclusion of this LOI will result in the rapid deployment of our powder production platform for 3D printing, thus accelerating the adoption of Additive Manufacturing world-wide.”
“Our customer is looking to PyroGenesis and its plasma-based technology to ensure a strategic and continuous supply of metal powder feedstock for their own internal 3D printing production use,” added Gillian Holcroft, Executive Vice President, Strategic Alliances. “3D-printed metal components will transform manufacturing in the coming years in a wide range of industries, including automotive, aerospace, medical, and consumer goods.”
“This is only at the LOI stage,” cautions Pascali, “and one should consider this news in that light. However, we have made sufficient progress to be highly confident that a contract will be concluded in short order; which once again underscores the success PyroGenesis is having in deploying its core plasma technology to niche high-margin applications and in multiple units.”
