PyroGenesis signs $12.5 million contract for powder production systems for 3D Printing and states that its order backlog now exceeds $20 million

July 9, 2014

PyroGenesis Canada Inc., based in Montreal, Canada, has announced that it has signed a contract with a major international manufacturer for ten plasma-based powder production systems for 3D printing. The contract is for the supply by PyroGenesis of ten of its unique metal powder production platforms to the customer over an 18 month period for a contract value of $12.5 million. The customer’s name is being withheld for competitive reasons.

With this contract in hand, the company’s backlog of signed contracts now exceeds $20 million or the equivalent of approximately 350% of the company’s revenues in its previous fiscal year, all of which is expected to be completed by year end 2015.

“As mentioned in our March 31, 2014 press release, one of the limiting factors in the full commercialization of 3D printing for metal products is the availability of high-quality, high-purity metal powder,” stated P Peter Pascali, President and Chief Executive Officer of PyroGenesis.

“Our patented platform can produce these powders effortlessly. It is a proven product with completed commercial sales having already taken place in North America and Europe. What is more exciting is the demand we are currently experiencing for this product line worldwide.”

The customer is looking to PyroGenesis and its plasma-based technology to ensure a strategic and continuous supply of metal powder feedstock for their own internal 3D printing production use.

“This contract highlights the success PyroGenesis is having with the focused business development strategy implemented last year; the effects of which we are only now beginning to see,” noted Pascali, “and it once again underscores the success PyroGenesis is having in deploying its core plasma technology to niche, high-margin applications.”

According to World 3D Printing (Additive Manufacturing), a report issued by the Freedonia Group in December 2013, world demand for 3D printers, materials and software will rise 21% yearly to US$ 5 billion in 2017. This report also highlights faster growth projections for metals, as well as rapid gains in markets such as aerospace.

www.pyrogenesis.com 

Useful links

To submit news and articles for publication on Metal Additive Manufacturing email us at [email protected]

Metal-AM homepage | Latest News | Articles | Subscribe to our free e-newsletter

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Revolution, not evolution: General Motors on building an AM culture and the AM Dream Machine
  • The power of Additive Manufacturing in the hands of artists: Public works to small batch production
  • Growing momentum and broadening recognition: A status update on the rise of Electron Beam PBF
  • Improving carbon capture efficiency through Additive Manufacturing in the race for a liveable climate
  • The System of AM Systems: How Metal Powder Works’ in-process powder production could change metal AM
  • The next generation: Using metal AM to drive emissions reduction and educate the engineers of the future
  • Advances in the AM of refractory metals and hard materials at the 20th Plansee Seminar
  • Additive Manufacturing needs you: Why you and your company should get involved in standards development

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

News from the industry…

    News from the industry…

    Discover our magazine archive…

    The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

    • Reports on visits to leading metal AM part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news

    All past issues are available to download as free PDFs or view in your browser.

    Browse the archive

    Looking for AM machines, metal powders or part manufacturing services?

    Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

    • AM machines
    • Process monitoring & calibration
    • Heat treatment & sintering
    • HIP systems & services
    • Pre- & post-processing technology
    • Powders, powder production and analysis
    • Part manufacturers
    • Consulting, training & market data
    Download PDF
    Share via
    Copy link
    Powered by Social Snap