PyroGenesis: 3D Printing Power Exceeds Expectations in Sizing Tests

PyroGenesis (TSXV:PYR) reported that a third party has analyzed a sample of the company’s titanium powders and found that over 90 percent of the powders analyzed were below  106μm. Over 50 percent of the powders were below 45μm.
As quoted in the press release:

Until recently, PyroGenesis had been a fabricator of plasma-based systems that produced unique titanium powders which are greatly sought after by the Additive Manufacturing industry. These powders are unique in that they are small, spherical, and uniform, allowing them to flow like water; a characteristic that is extremely important in industries such as 3D printing.
In 2015, the Company announced that it made significant improvements to its existing technology, which improvements resulted in the Company filing for a provisional patent and more recently, resulted in the Company’s decision to re-enter the Additive Manufacturing industry and become a supplier of titanium powders.
According to Tech Pro Research, as of June 2014, nearly 60% of enterprises were using, or evaluating the need for 3D printers1 . Moreover, based on Wohlers Report (2015), it is expected that the global demand for 3D printers will exceed 14,000 machines by 2020, generating a demand for metal powders in excess of 8.6MM kg, representing a market value of over $3.45 billion at an average price of $400/kg2 . The small, spherical, uniform titanium powders, such as those produced by PyroGenesis’ patented technology, can immediately address over 30% of this metal powder demand.

Peter Pascali, president and CEO of PyroGenesis, said:

This is extremely exciting for PyroGenesis, as we are essentially producing “the ink” for 3D printers. PyroGenesis has, a number of years ago, already produced these small, spherical, uniform, titanium powders for the biomedical industry, particularly for bio-medical implants. We stopped producing powders as we could not sell all of the powder produced however with the advent of 3D printing, and the demand for titanium powders, such as ours, growing daily, the economics are far too compelling for us to ignore. We cannot get back into the business fast enough.

Click here for the full press release.