Mr. P. Peter Pascali reports

PYROGENESIS ANNOUNCES THIRD TITANIUM POWDER CONTRACT WITH U.S. APPLIED RESEARCH LAB

PyroGenesis Inc. has signed a third contract with an existing client for titanium powder produced by PyroGenesis's NexGen plasma atomization process. The client is one of the largest applied research laboratories supported by the U.S. Department of Defense and NASA, which previously placed orders with PyroGenesis on Aug. 20, 2026, and Aug. 26, 2026. The name of the client and terms of the contract will remain confidential.

As with this client's previous orders, the order announced today is for Ti64 coarse-cut titanium powder in particle size 45 to 106 microns for use in electron beam melting, a technology widely used in the aerospace and biomedical manufacturing industries to print lightweight, robust and intricate structural components. The powder will be shipped over the coming days.

The client operates one of the largest applied research laboratories supported by the U.S. Department of Defense and NASA. The facility was established at the end of the Second World War and currently employs more than 1,000 personnel.

"This is the second client in the last few weeks to place a third titanium powder order with PyroGenesis. That makes six orders from two clients in less than three months. This is exactly the kind of recurring business model we are pressing for with our materials production business," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "It takes a lot of time and effort to develop trust with high-level clients, but we are getting there. As I stated previously, these multiple orders validate both the quality of our titanium powder and our growing role in these customers' businesses. Our confidence in the titanium powder segment's potential to become an increasingly meaningful contributor to the company's long-term revenue growth continues to grow."

PyroGenesis's technology development for additive manufacturing

PyroGenesis is the inventor of the plasma atomization process and in fact coined the term plasma atomization in its original patent. Plasma atomization is often considered the gold standard process for the production of metal powder for additive manufacturing, also referred to as metal 3-D printing.

After years of R&D (research and development), PyroGenesis redesigned its plasma atomization technology and launched NexGen to re-enter the powder production market by targeting higher quality and yields, at lower operating costs. The company has since taken a deliberate approach to commercialization, progressing from gram-scale customer samples to 100-kilogram orders and its first tonne-scale order in May, 2023.

PyroGenesis produces titanium powders in particle size distribution ranges across three cuts:

• Fine cut, in particle sizes between 15 and 63 microns, for use in laser powder bed fusion (LPBF);
• Coarse cut, in particle sizes between 45 and 106 microns, for use in electron beam melting (EBM), and 45 and 150 microns, for use in directed energy deposition (DED);
• Off cuts, in particle sizes not currently used by the existing range of commercial printers but offering a high-quality feedstock for use in the production of high-quality metal alloys.

Industry and market context:

• The global 3-D printing market specific to titanium powder is expected to increase from $214-million in 2023 to $1.4-billion by 2032.
• Titanium is classified as a critical mineral by both Canada and the United States.
• Titanium is used by multiple industries, including space, aerospace, defence, consumer electronics, medical, hydrogen and electric vehicles, due to its high strength-to-weight ratio and corrosion resistance.

About PyroGenesis Inc.

PyroGenesis leverages 35 years of plasma technology leadership to deliver advanced engineering solutions to energy, propulsion, destruction, process heating, emissions and materials development challenges across heavy industry and defence. Its customers include global leaders in aluminum, aerospace, steel, iron ore, utilities, environmental services, military and government. From its Montreal headquarters and local manufacturing facilities, PyroGenesis's engineers, scientists and technicians drive innovation and commercialization of energy transition and ultrahigh-temperature technology. PyroGenesis's operations are ISO 9001:2015 and AS9100D certified, with ISO certification maintained since 1997. PyroGenesis's shares trade on the Toronto Stock Exchange, OTCQX and Frankfurt Stock Exchange.

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