PyroGenesis Canada Inc. has announced that it is shipping the first of ten powder production systems for Additive Manufacturing due under a $12.5MM contract signed last year.
As reported last July, the company signed a contract with a major international manufacturer for ten plasma-based, powder production systems for Additive Manufacturing. Under the contract, PyroGenesis is to supply ten of its unique metal powder production platforms to an Asian Customer for a total contract value of $12.5 MM. The Customer’s name was withheld for competitive reasons.
“Under this contract, 9 of the 10 systems are to be built once the first system is fully installed and commissioned in Asia. With the first system being shipped, and installation and commissioning scheduled for this summer, we plan to start manufacturing the last nine systems in the fall of 2015,” stated P Peter Pascali, President and Chief Executive Officer of PyroGenesis Canada Inc.
“We continue to experience significant interest in our 3D powder capabilities, and we have recently decided to offer these powders on a take-or-pay basis to several key customers,” Pascali added.
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