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PyroGenesis Secures Initial Contract for Titanium Metal Powder from European Client
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PyroGenesis Secures Initial Contract for Titanium Metal Powder from European Client
Jul 31, 2025 6:44 AM

09:26 AM EDT, 07/31/2025 (MT Newswires) -- High-tech company PyroGenesis ( PYRGF ) said Thursday that it received a contract for titanium metal powder produced by its NexGen plasma atomization process from a European engineering and material science firm.

The unnamed client, which specializes in the additive manufacturing industry, had previously received and tested samples of PyroGenesis' ( PYRGF ) metal powder.

This first commercial order from the client was for a Ti64 coarse cut titanium metal powder that was recently qualified for use and added to the approved list of metal powders by a major global aerospace company. It will be shipped to the customer over the next few weeks, PyroGenesis ( PYRGF ) said.

"This customer is a key technology hub for their region, with state-of-the-art engineering and [research and development]," said P. Peter Pascali, PyroGenesis' ( PYRGF ) president and CEO. "We hope to see further contracts that reflect the importance of the customer's role within the industry."

PyroGenesis' ( PYRGF ) share price fell 2.5% on Wednesday to $0.385 on the TSX.

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