PyroGenesis Announces Plans to Spin-Off Additive Manufacturing (3D Printing) Into an Independent Public Company

PyroGenesis Canada Inc. (TSXV:PYR)(OTCQB:PYRNF), a TSX Venture clean-tech company that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announces today that its Board of Directors have unanimously approved its plan to ultimately spin-off 80% of its Additive Manufacturing (3D Printing) business into an independent publicly-traded company. The name of such company shall be determined at a later date but for the purposes herein, will be referred to as “3DCo”.
As quoted in the press release:

After the successful spin-off, 3DCo will have all rights to (i) produce metal and alloy powders for the Additive Manufacturing (3D Printing) industry using PyroGenesis’ patented technology and (ii) to distribute powder production systems and equipment under an exclusive world-wide license with PyroGenesis. PyroGenesis will continue to benefit from (i) supplying systems and equipment to 3DCo with traditional margins, and (ii) provide standard maintenance and technical support services to 3DCo for each system purchased, for up to $750K per system per year.
3DCo is expected to be in commercial production as early as Q3 2016, with a second system coming online in Q1 2017. 3DCo will be a premier provider of high performance, high quality metal powders. This cutting edge, patented technology, also has the ability to revolutionize the 3D printing industry by developing new and innovative powders thereby enabling the industry to consider applications which, until now, were not feasible without such powders. Particularly of note is that PyroGenesis’ system is extremely flexible and can be adjusted to process other metal wires, including composites, which until now have not been considered practical to produce by other methods In June 2015, PyroGenesis filed a provisional patent for improvements to its existing plasma atomization process.

PyroGenesis Director of Engineering, Pierre Carabin, stated:

Our plasma atomization system produces powders of the highest purity, while being extremely spherical, and having a very narrow particle size distribution, making it ideally suited for the powder requirements of the growing 3D printing industry.
“Building on our history of providing such powders to the biomedical industry (since before 2004), combined with our developed expertise and knowhow in metal powder production, our team of engineers have recently made significant improvements to our current technology, laying down the groundwork for future success.