“We are extremely pleased with the results of the on-site audit which offered us an opportunity to showcase our facility, our staff, and our groundbreaking process to a leading provider in design, engineering, and manufacturing of aircraft, aerospace technology, and defense solutions,” said Mr.
As mentioned in prior news releases, this on-site facility and production audit is a significant step for the Company as part of the final phase of the Client’s qualification process, which has spanned over 18 months of investigative rigor towards becoming an approved supplier of metal powders to the Client and its suppliers. With this step completed, the Company is making requested modifications and adjustments in order to proceed with delivery of final samples of titanium powder for chemical and mechanical testing by the Client.
“From the outset, we wanted to validate our product and our system with the best, under the hardest and the most difficult standards. We are proud to state that all of the Client’s findings are addressable and aligned with our expectations prior to the audit,” said Mr.
The goal of PyroGenesis’ Additive division is to become a leading supplier of plasma atomized metal powders to end- users of additive manufacturing (AM) and 3D printing, which include, but are not limited to, the aerospace, biomedical, and automotive industries. The Company believes that its NexGen™ metal powder production system, a single-step process that is unique in that it uses wire as a direct feedstock, will produce significant gains in production speed, particle size control, and cost.
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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 Corporation'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 Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation's ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.sec.gov. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Corporation 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
For further information please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
Phone: (514) 937-0002, E-mail: ir@pyrogenesis.com
RELATED LINK: http://www.pyrogenesis.com/
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