Mr. P. Peter Pascali reports

PYROGENESIS ANNOUNCES SECOND TITANIUM POWDER CONTRACT WITH METAL ADDITIVE OEM CLIENT

PyroGenesis Inc. has won a second contract for $73,700 (U.S.) ($102,132 (Canadian)) with a U.S.-based original equipment manufacturer (the client) serving the additive manufacturing industry. PyroGenesis will provide coarse-cut titanium powder produced by PyroGenesis's NexGen plasma atomization process. The company announced an initial order with this client last week (press release dated Aug. 24, 2026). The client's name and material volume will remain confidential for competitive reasons. The powder for this order has been produced and is expected to be shipped over the coming days.

As previously announced, the client is a U.S.-based technology provider to the additive manufacturing industry. Today's contract marks the second commercial order with this client. As with the previous order, the order announced today is for Ti64 coarse-cut titanium metal powder with a particle size of 45 to 150 micrometres (microns) for use in directed energy deposition (DED), a technology widely used in the aerospace and defence industries to print or repair structural metal parts and components. Laser-based DED can be used to build large-scale aerospace components that span up to five metres, among the largest items printable in metal 3-D format.

"Although we had anticipated additional orders with this client in the course of the year, we did not anticipate the speed with which this second order was placed. I believe this is particularly noteworthy as it indicates a growing demand for titanium powder at the quality and price level produced by PyroGenesis while also reflecting the strength of our customer response and support," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "Developing repeat customers is a key part of the six-point plan, which we announced in our April 29, 2026, press release, to position the additive manufacturing division for the next level of growth anticipated to be several times larger than that which is currently in place. Combined with last week's announcement (dated Aug. 26, 2026) of a second titanium powder order with a major DOD [U.S. Department of Defense] and NASA-supported [National Aeronautics and Space Administration] U.S. applied research facility client, today's announcement of a separate such order from a serious client moves us closer to reaching the critical mass required to execute on our strategic goal."

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 micrometres for use in laser powder bed fusion (LPBF);
• Coarse cut, in particle sizes between 45 and 106 micrometres for use in electron beam melting (EBM) and between 45 and 150 micrometres in directed energy deposition (DED);
• Off-cuts, in particle sizes not currently used by the existing range of commercial printers but which offers 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 (symbol: PYR), the OTCQX (symbol: PYRGF) and the Frankfurt Stock Exchange (symbol: 8PY1).

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