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

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:

  • Aluminium Additive Manufacturing: How a new generation of alloys will fuel industry growth
  • Shaping a national Additive Manufacturing ecosystem: The strategic growth of metal AM in Türkiye
  • How metal Additive Manufacturing is transforming modern hydraulic systems
  • High-performance product development in the era of computational design: a case study with nTop and NASA
  • The Additive Manufacturing of record-breaking pure copper heatsinks for high-performance computing applications
  • The Additive Manufacturing of tool steels: how non-linear modelling enables precise hardness control

Join 40,000+ other AM professionals – follow us online

Don’t miss a thing – register for our newsletter

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

Register now

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
Find suppliers

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

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

Share via
Copy link
Powered by Social Snap