PyroGenesis Announces Creation of "PyroGenesis Additive"

PyroGenesis Canada (TSXV:PYR) has announced that it has created a new division under the name of “PyroGenesis Additive,” dedicated primarily to PyroGenesis’ additive manufacturing line.
As quoted in the press release:

PyroGenesis is the inventor of Plasma Atomization, using this process to produce very small, uniform, fully dense and spherical metal powders that flow like water, and which are highly sought after in the additive manufacturing (“AM”) Industry.
The Company first began producing powders using Plasma Atomization for the biomedical industry between 2001-2004. In 2015, PyroGenesis invested approximately $2MM in improving both the production rate and particle size distribution, which led not only to a patent pending, but also to PyroGenesis’ decision to re-enter the market and produce powders for the AM Industry.
The following highlights and developments have been made to date:

• On October 26, 2015, PyroGenesis announced that it was re-entering the market to produce metal powders, specifically for AM (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 metal 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 assembly and first production run;
• On January 23 and March 14, 2017, PyroGenesis provided updates 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. The Company also noted 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; and
• On June 7, 2017, PyroGenesis announced receipt of its second powder order.

Click here to read the full press release.