MONTREAL, Oct. 26, 2015 /CNW Telbec/ - PyroGenesis
Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB:
PYRNF), a TSX Venture 50® clean-tech company (the "Company" or
"PyroGenesis") that designs, develops, manufactures and
commercializes plasma waste-to-energy systems and plasma torch
products, announced today that it will be producing specialty
powders for the Additive Manufacturing industry, specifically for
3D printing.
PyroGenesis' Plasma Atomization Process (PAP) is an enabling
technology for 3D Printing as well as other additive manufacturing
and powder metallurgy applications. PyroGenesis' technology
has the distinction of producing highly flowable and very pure
spherical metallic powders, all highly sought after characteristics
in additive manufacturing applications.
As previously announced, PyroGenesis filed a provisional patent
for this PAP. This new process enables PyroGenesis to produce
metallic powders at higher production rates while, at the same
time, allowing for better control of powder size
distribution. The need to produce powders of a specific
particle size distribution at increasingly higher production rates
is driven by the growing demand created by the additive
manufacturing industry, particularly 3D printing.
"While delivering the first of ten (10) Plasma Atomization
Systems to a client, an opportunity arose to test certain
parameters which PyroGenesis identified as having the potential of
improving both the production rate and purity of the powders," said
P. Peter Pascali, President and CEO
of PyroGenesis. "The decision was taken, with the customer, to
strategically delay delivering the first system to allow for this
testing. This strategic delay not only resulted in a patent
application by PyroGenesis, but paved the way for PyroGenesis to
consider producing powder for 3D printing on its own."
PyroGenesis has already identified customers interested in
procuring PyroGenesis powders, though not in the quantity that
would justify the purchase of a Plasma Atomization System. With a
total investment of $1.7MM,
PyroGenesis could be producing specialty powders within nine (9)
months. It is estimated that PyroGenesis could generate over $10MM
profit per year per system from powder sales alone. As such,
PyroGenesis has decided to enter this market and is in the process
of securing the funds to finance such a build. This first
system would also be used to develop next generation Plasma
Atomization Systems capable of making powders from various metals
being used in 3D printing, as well as from composites.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a TSX Venture 50® clean-tech company,
is the world leader in the design, development, manufacture and
commercialization of advanced plasma processes. We provide
engineering and manufacturing expertise, cutting-edge contract
research, as well as turnkey process equipment packages to the
defense, metallurgical, mining, advanced materials (including 3D
printing), oil & gas, and environmental industries. With a team
of experienced engineers, scientists and technicians working out of
our Montreal office and our 3,800
m2 manufacturing facility, PyroGenesis maintains its
competitive advantage by remaining at the forefront of technology
development and commercialization. Our core competencies allow
PyroGenesis to lead the way in providing innovative plasma torches,
plasma waste processes, high-temperature metallurgical processes,
and engineering services to the global marketplace. Our operations
are ISO 9001:2008 certified, and have been since 1997. PyroGenesis
is a publicly-traded Canadian company on the TSX Venture Exchange
(Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol:
PYRNF). For more information, please visit www.pyrogenesis.com
This press release contains certain forward-looking
statements, including, without limitation, statements containing
the words "may", "plan", "will", "estimate", "continue",
"anticipate", "intend", "expect", "in the process" and other
similar expressions which constitute "forward-looking information"
within the meaning of applicable securities laws. Forward-looking
statements reflect the Company's current expectation and
assumptions, and are subject to a number of risks and uncertainties
that could cause actual results to differ materially from those
anticipated. These forward-looking statements involve risks and
uncertainties including, but not limited to, our expectations
regarding the acceptance of our products by the market, our
strategy to develop new products and enhance the capabilities of
existing products, our strategy with respect to research and
development, the impact of competitive products and pricing, new
product development, and uncertainties related to the regulatory
approval process. Such statements reflect the current views of the
Company with respect to future events and are subject to certain
risks and uncertainties and other risks detailed from time-to-time
in the Company's ongoing filings with the securities regulatory
authorities, which filings can be found at www.sedar.com, or at
www.otcmarkets.com. Actual results, events, and performance may
differ materially. Readers are cautioned not to place undue
reliance on these forward-looking statements. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements either as a result of new information,
future events or otherwise, except as required by applicable
securities laws.
Neither the TSX Venture Exchange, its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) nor the OTCQB accepts responsibility for the
adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.