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PyroGenesis Additive Announces the Development of New Plasma-Based Process to Produce Metal Powders
Aug. 14, 2017 08:54AM PST
Emerging TechnologyPyroGenesis Additive, a division of PyroGenesis Canada (TSXV:PYR) has announced it has developed a new plasma-based process to produce metal powers. As quoted in the press release: Furthermore, the Company announces that the previously announced ramp-up phase for its first powder production system remains on schedule. The Company provides the following highlights and developments to …
PyroGenesis Additive, a division of PyroGenesis Canada (TSXV:PYR) has announced it has developed a new plasma-based process to produce metal powers.
As quoted in the press release:
Furthermore, the Company announces that the previously announced ramp-up phase for its first powder production system remains on schedule.
The Company provides the following highlights and developments to date:
- On October 26, 2015, PyroGenesis announced that it was re-entering the market to produce metal powders, specifically for Additive Manufacturing (3D printing);
- On April 7, 2016, PyroGenesis announced its intention to spin-off its Additive Manufacturing capabilities into an independent public entity;
- On April 27, 2016, PyroGenesis announced that its 3D Printing particle size distribution greatly exceeded expectations;
- On October 25, 2016, PyroGenesis announced that it had filed a patent for an improved metal powder production process and that the Company was on schedule for a 2017-Q1 powder production system assembly and first production run;
- On January 23, 2017 and March 14, 2017, PyroGenesis provided updates on 3D Printing and reaffirms that it is on schedule for 2017-Q1 assembly and first production run despite delays with suppliers;
- On March 30, 2017, PyroGenesis announced that it had completed the assembly of its first powder production system, with its first powder run exceeding expectations, and that the ramp-up, which was already underway, was expected to take place linearly over approximately four (4) months;
- On April 25, 2017, PyroGenesis announced receipt of its first powder order from a multinational conglomerate, with the down payment already received, and market interest exceeding expectations;
- On June 7, 2017, PyroGenesis announced receipt of its second powder order;
- On June 14, 2017, PyroGenesis announced creation of PyroGenesis Additive; and
- On June 19, 2017, PyroGenesis announced receipt of its third powder order and successful delivery of its first order which included both Titanium and Inconel powders;