Mr. Peter Pascali reports

PYROGENESIS ANNOUNCES THIRD TITANIUM POWDER ORDER FROM ADDITIVE INDUSTRY OEM

PyroGenesis Inc. has provided a third contract with an existing client for titanium powder produced by PyroGenesis's NexGen plasma atomization process. The client is a United States-based original equipment manufacturer (OEM) serving the U.S. additive manufacturing, defence and aerospace industries, who placed previous orders with PyroGenesis on Aug. 24 and Aug. 31, 2026. The name of the client and the amount of material ordered will remain confidential for competitive reasons.

As with the previous orders, the contract announced today is for Ti64 "coarse" cut titanium powder in particle size 45-150 micrometres 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 of up to five metres.

The powder will be shipped over the coming days.

"This third contract provides further validation of the quality and consistency of our titanium powder, while reinforcing our confidence in the strategic direction of our materials production business," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "As I have emphasized previously, securing repeat business from established clients is a key component of our long-term growth strategy. Repeat orders are particularly significant because they demonstrate a customer's willingness to move beyond an initial purchase and make our powder part of their ongoing supply requirements. We are now seeing tangible evidence of this strategy taking hold. This growing commercial traction reinforces our confidence in the market opportunity and positions our materials production segment to become an increasingly meaningful contributor to the company's long-term revenue growth."

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 to 63 micrometres for use in laser powder bed fusion (LPBF);
• Coarse cut, in particle sizes between 45 to 106 micrometres for use in electron beam melting (EBM) and 45 to 150 micrometes for use 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 U.S.
• 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 (PYR), OTCQX (PYRGF) and Frankfurt (8PY1) stock exchanges.

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