PyroGenesis Canada Inc a TSX Venture 50® high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) a Company that designs, develops and manufactures plasma-based systems and plasma torch systems, is pleased to announce that it has signed its first major exclusive commercial agreement (the “Agreement”) for the sale of titanium (Ti-6Al-4V) powders for use in the additive manufacturing (“AM”) industry, after having been qualified as an approved supplier by a client in Asia (the “Client”).
This agreement provides for a minimum sales volume of 10,000 kg (10 tons) over 2 years and is limited geographically to a specific territory in Asia. It is anticipated that the agreement would be extended for further terms at the conclusion of the first 2-year term. It also allows for exclusive distribution into this territory.
The Client specializes in advanced alloy powders for, amongst other industries, AM (3D Printing). They also produce metal powders and specialty parts. The Client is well established within the territory which is seeing one of the fastest growing demands for metal powders for AM.