financetom
Business
financetom
/
Business
/
PyroGenesis Secures Initial Contract for Titanium Metal Powder from European Client
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MingZhu Logistics, Oxylus Global Terminate Deal; MingZhu to Buy HOLDCO 36
MingZhu Logistics, Oxylus Global Terminate Deal; MingZhu to Buy HOLDCO 36
Sep 12, 2024
09:39 AM EDT, 09/12/2024 (MT Newswires) -- MingZhu Logistics ( YGMZ ) and Oxylus Global said Thursday they have mutually agreed to terminate the previously disclosed agreement under which MingZhu was to acquire Oxylus, citing uncertainties around getting regulatory clearance on time. No party will have any continuing liabilities, damages, or obligations to the other party, the companies said. Separately,...
SAP Closes Acquisition of WalkMe
SAP Closes Acquisition of WalkMe
Sep 12, 2024
09:39 AM EDT, 09/12/2024 (MT Newswires) -- SAP (SAP) said Thursday it has completed its acquisition of digital adoption platform WalkMe ( WKME ) with an equity value of roughly $1.5 billion. SAP said each ordinary issued and outstanding WalkMe ( WKME ) share has been converted into the right for its stockholders to get $14 apiece in cash. Following...
Heart Test Laboratories Closes Non-Dilutive Financing; Shares Rise
Heart Test Laboratories Closes Non-Dilutive Financing; Shares Rise
Sep 12, 2024
09:33 AM EDT, 09/12/2024 (MT Newswires) -- Heart Test Laboratories ( HSCS ) said Thursday that it closed a non-dilutive financing, with $1.9 million in net proceeds. The medical technology company said the unsecured loan note has an 18-month maturity date and increased its current capital sources by $2.4 million since late August. Shares of Heart Test Laboratories ( HSCS...
US LNG feedgas slips on reductions at Louisiana plants due to storm Francine
US LNG feedgas slips on reductions at Louisiana plants due to storm Francine
Sep 12, 2024
Sept 12 (Reuters) - The amount of natural gas flowing to U.S. liquefied natural gas export plants was on track to slide further on Thursday with energy companies reducing feedgas to plants as storm Francine barreled into southeastern Louisiana, according to data from financial firm LSEG. Francine weakened from a Category 2 hurricane to a tropical depression as it headed...
Copyright 2023-2026 - www.financetom.com All Rights Reserved