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PyroGenesis Canada Signs $12.5 Million Contract to Supply Powder Production Systems for 3D Printing to Int'l Large-scale Manufacturer - Video News Alert on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2014) - PyroGenesis Canada (TSXV: PYR) ...
About this update from Pyrogenesis Inc.
[{"type":"text","content":"PyroGenesis Canada Signs $12.5 Million Contract to Supply Powder Production Systems for 3D Printing to Int'l Large-scale Manufacturer - Video News Alert on InvestmentPitch.comVancouver, British Columbia--(Newsfile Corp. - July 9, 2014) - \n PyroGenesis Canada (TSXV: PYR) has signed a $12.5 million contract to supply powder production systems, for 3D printing, to an international large-scale manufacturer. Under terms of the contract, PyroGenesis will supply \n10 of its unique metal powder production systems over an 18-month period. The customer, whose name has been withheld for competitive reasons, is looking to PyroGenesis and its plasma-based technology to ensure a strategic and continuous supply of \nmetal powder feedstock for their own internal 3D printing production use. \n\nInvestmentPitch.com has produced a \"video news alert\" about PyroGenesis Canada. If this link is not enabled, please visit \nwww.InvestmentPitch.com and enter \"PyroGenesis\" in the search box. \n\n\n\nIf you cannot view the video above, please visit: \n\nhttp://www.investmentpitch.com/video/0_yfre77et/Pyrogenesis-Canada-TSXV-PYR-Signs-125-million-contract-to-supply-powder-production-systems-for-3D-Printing-to-Intl-manufacturer\n\nP. Peter Pascali, President & CEO stated, \"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 \nmetal powder. 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.\" \n\nMcKinsey Global Institute lists 3D Printing as \"A disruptive technology that will transform life, business and the global economy\", suggesting that it could have an economic impact of up to $550 billion a year by 2025. \n\nAlthough plastics will continue to account for the majority of materials demand, The Freedonia Group forecasts faster growth for metals due to their greater strength and resistance as well as rapid gains in markets such as aerospace. Boeing for \nexample, already uses printers to make some 200 part numbers for 10 different types of aircraft, and medical-products companies are using them to create items such as hip replacements. \n\nPyroGenesis is the world leader in the design, de...