{"success":true,"data":{"pressRelease":{"id":"12498","rtpr_id":"nGNX1M9YSt","ticker":"PYR","exchange":"TSX","all_tickers":["PYR"],"title":"PyroGenesis Provides Corporate Update on NexGen™ Titanium Metal Powder Strategy","author":"Globe Newswire","published_at":"2026-04-29T11:00:00.631Z","article_body":"MONTREAL, April 29, 2026 (GLOBE NEWSWIRE) -- PyroGenesis Inc.\n(“PyroGenesis” or “the Company”) (TSX: PYR) (OTCQX: PYRGF) (FRA:\n8PY1), a leader in ultra-high temperature processes and engineering\ninnovation, and a plasma-based technology provider to heavy industry &\ndefense, provides today an update on its Additive Manufacturing business\nstrategy, which leverages off of the unique advantages of the Company’s\nNexGen™ plasma atomized titanium metal powder production system.\n\nThis update is being provided in response to investor requests for additional\nclarity on the Company’s Additive Manufacturing division.\n\nBACKGROUND\n\nFor those who may be unfamiliar, PyroGenesis Additive produces high quality\ntitanium metal powder using its NexGen™ plasma atomized metal powder\nproduction system (“NexGen”).\n\nNexGen is a patented upgrade to the plasma atomization process, which is often\nconsidered the gold standard process for the production of metal powder for\nadditive manufacturing (also referred to as industrial 3D printing).\nPyroGenesis was the original inventor of the plasma atomization process to\nproduce metal powder and, in fact, coined the term “plasma atomization” in\nits original patent.\n\nSTRATEGIC GOAL\n\nThe Company has been positioning the Additive division over recent years for\nthe next level of growth, which would be an operational scale-up several times\nlarger than what’s currently in place.\n\nThe goal would be to attract capital to finance the operational scale-up. The\nrequired investment was originally thought to come primarily from an eventual\nspin-off of the division into a stand-alone entity but, more recently, joint\nventure(s) have become an option as well.\n\nSTRATEGIC APPROACH\n\nThe ongoing positioning of the Additive division for next level growth has\nbeen executed within the following context:\n\n                                                                                                                                                                                                                              \n (i)    Continuous improvement of production processes.                                                                                                                                                                       \n                                                                                                                                                                                                                              \n (ii)   Reducing operational costs (Example: a further ~20% reduction was achieved through technical and workflow upgrades since the last operational update was press released in March 2025).                               \n                                                                                                                                                                                                                              \n (iii)  Building critical mass across the existing product range by developing repeat customer relationships.                                                                                                                 \n                                                                                                                                                                                                                              \n (iv)   Expanding the customer base across key industry segments:                                                                                                                                                             \n        •                                                                                               Aerospace                                                                                                             \n        •                                                                                               Medical                                                                                                               \n        •                                                                                               Defence                                                                                                               \n        •                                                                                               Contract Manufacturing                                                                                                \n        •                                                                                               Electronics                                                                                                           \n        •                                                                                               Alloy Producers.                                                                                                      \n                                                                                                                                                                                                                              \n (v)    Developing additional products from existing production runs. (Example: in December 2025, the Company introduced an off-cut powder product to complement its fine and coarse cut products.)                           \n                                                                                                                                                                                                                              \n (vi)   De-risking product offerings by expanding powder suitability to three broad-based applications:                                                                                                                       \n                                                                                                                                                                                                                              \n        1.                                                                                              Laser Bed Powder Fusion (LBPF): the most established metal 3D printing technology.                                    \n        2.                                                                                              Electron Beam Melting (EBM): a technology more widely used in the aerospace and biomedical manufacturing industries.  \n        3.                                                                                              Direct Energy Deposition (DED): suitable for printing large-scale parts and for product repair.                       \n                                                                                                                                                                                                                              \n\nMomentum continues to grow for the Additive division, providing progress\ntowards its long-term strategic goals:\n* The Company has been approached by a corporation interested in securing\ndistribution and/or production capability for the Middle East region,\npotentially as part of a joint venture.\n\n* The Company signed a contract (news release dated April 09, 2026) towards a\npotential titanium powder distribution agreement with a materials firm\nsupplying the Asian electronics market. The potential agreement would include\ndistribution to electronics, medical, and aerospace industries in that\nregion. \n* The Company has released several contract announcements over the past four\nmonths, which included contracts for repeat orders from the same customers.\nNEXT STEPS\n* Continue positioning the Additive division for operational scale-up.\n\n* The Company will continue to broaden its commercial reach beyond North\nAmerica and Europe, with a particular focus on expanding distribution channels\nand market presence across Asia and the Middle East, all with the goal of\npreparing the Additive division for the next level of growth.\n\n* The Company is pursuing joint ventures and strategic alliances to support\nthe expansion of the Company’s international footprint and accelerate market\naccess. These may include the construction of PyroGenesis’ NexGen™ plasma\natomized metal powder production systems in different locations worldwide in\nconjunction with joint-venture partners, or trusted existing clients who have\nexpressed an interest.\nINDUSTRY AND MARKET CONTEXT\n* The global 3D printing market specific to titanium powder is expected to\nincrease from $214 million in 2023 to $1.4 billion by 2032.(1)\n* Titanium is classified as a critical mineral by both Canada(2) and the\nU.S.(3)\n* Titanium is used by multiple industries, including space, aerospace,\ndefense, consumer electronics, medical, hydrogen, and electric vehicles, due\nto its high strength-to-weight ratio and corrosion resistance.\nAbout PyroGenesis Inc.\n\nPyroGenesis leverages 35 years of plasma technology leadership to deliver\nadvanced engineering solutions to energy, propulsion, destruction, process\nheating, emissions, and materials development challenges across heavy industry\nand defense. Its customers include global leaders in aluminum, aerospace,\nsteel, iron ore, utilities, environmental services, military, and government.\nFrom its Montreal headquarters and local manufacturing facilities,\nPyroGenesis’ engineers, scientists, and technicians drive innovation and\ncommercialization of energy transition and ultra-high temperature technology.\nPyroGenesis’ operations are ISO 9001:2015 and AS9100D certified, with ISO\ncertification maintained since 1997. PyroGenesis’ shares trade on the TSX\n(PYR), OTCQX (PYRGF), and Frankfurt (8PY1) stock exchanges.\n\nCautionary and Forward-Looking Statements\n\nThis press release contains “forward-looking information” and\n“forward-looking statements” (collectively, “forward-looking\nstatements”) within the meaning of applicable securities laws. In some\ncases, but not necessarily in all cases, forward-looking statements can be\nidentified by the use of forward-looking terminology such as “plans”,\n“targets”, “expects” or “does not expect”, “is expected”,\n“an opportunity exists”, “is positioned”, “estimates”,\n“intends”, “assumes”, “anticipates” or “does not anticipate”\nor “believes”, or variations of such words and phrases or state that\ncertain actions, events or results “may”, “could”, “would”,\n“might”, “will” or “will be taken”, “occur” or “be\nachieved”. In addition, any statements that refer to expectations,\nprojections or other characterizations of future events or circumstances\ncontain forward-looking statements. Forward-looking statements are not\nhistorical facts, nor guarantees or assurances of future performance but\ninstead represent management’s current beliefs, expectations, estimates and\nprojections regarding future events and operating performance. Forward-looking\nstatements are necessarily based on a number of opinions, assumptions and\nestimates that, while considered reasonable by PyroGenesis as of the date of\nthis release, are subject to inherent uncertainties, risks and changes in\ncircumstances that may differ materially from those contemplated by the\nforward-looking statements. Important factors that could cause actual results\nto differ, possibly materially, from those indicated by the forward-looking\nstatements include, but are not limited to, the risk factors identified under\n“Risk Factors” in PyroGenesis’ latest annual information form, and in\nother periodic filings that it has made and may make in the future with the\nsecurities commissions or similar regulatory authorities, all of which are\navailable under PyroGenesis’ profile on SEDAR+ at www.sedarplus.ca. These\nfactors are not intended to represent a complete list of the factors that\ncould affect PyroGenesis. However, such risk factors should be considered\ncarefully. There can be no assurance that such estimates and assumptions will\nprove to be correct. You should not place undue reliance on forward-looking\nstatements, which speak only as of the date of this release. PyroGenesis\nundertakes no obligation to publicly update or revise any forward-looking\nstatement, except as required by applicable securities laws. Neither the\nToronto Stock Exchange, its Regulation Services Provider (as that term is\ndefined in the policies of the Toronto Stock Exchange) nor the OTCQX Best\nMarket accepts responsibility for the adequacy or accuracy of this press\nrelease.\n\nFor further information contact ir@pyrogenesis.com or visit\nhttp://www.pyrogenesis.com\n\n________________________\n(1)\nhttps://3dprint.com/313549/titanium-3d-printing-powders-to-reach-1-4b-by-2032/\n\n(2)\nhttps://www.canada.ca/en/campaign/critical-minerals-in-canada/critical-minerals-an-opportunity-for-canada.html\n\n(3) https://public-inspection.federalregister.gov/2025-16311.pdf\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/be715f43-295f-49b0-ae9a-5190ef3b76bf)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX1M9YSt","title":"PyroGenesis Provides Corporate Update on NexGen™ Titanium Metal Powder Strategy","author":"Globe Newswire","ticker":"PYR","created":"2026-04-29T11:00:00.631Z","tickers":["PYR"],"exchange":"TSX","article_body":"MONTREAL, April 29, 2026 (GLOBE NEWSWIRE) -- PyroGenesis Inc.\n(“PyroGenesis” or “the Company”) (TSX: PYR) (OTCQX: PYRGF) (FRA:\n8PY1), a leader in ultra-high temperature processes and engineering\ninnovation, and a plasma-based technology provider to heavy industry &\ndefense, provides today an update on its Additive Manufacturing business\nstrategy, which leverages off of the unique advantages of the Company’s\nNexGen™ plasma atomized titanium metal powder production system.\n\nThis update is being provided in response to investor requests for additional\nclarity on the Company’s Additive Manufacturing division.\n\nBACKGROUND\n\nFor those who may be unfamiliar, PyroGenesis Additive produces high quality\ntitanium metal powder using its NexGen™ plasma atomized metal powder\nproduction system (“NexGen”).\n\nNexGen is a patented upgrade to the plasma atomization process, which is often\nconsidered the gold standard process for the production of metal powder for\nadditive manufacturing (also referred to as industrial 3D printing).\nPyroGenesis was the original inventor of the plasma atomization process to\nproduce metal powder and, in fact, coined the term “plasma atomization” in\nits original patent.\n\nSTRATEGIC GOAL\n\nThe Company has been positioning the Additive division over recent years for\nthe next level of growth, which would be an operational scale-up several times\nlarger than what’s currently in place.\n\nThe goal would be to attract capital to finance the operational scale-up. The\nrequired investment was originally thought to come primarily from an eventual\nspin-off of the division into a stand-alone entity but, more recently, joint\nventure(s) have become an option as well.\n\nSTRATEGIC APPROACH\n\nThe ongoing positioning of the Additive division for next level growth has\nbeen executed within the following context:\n\n                                                                                                                                                                                                                              \n (i)    Continuous improvement of production processes.                                                                                                                                                                       \n                                                                                                                                                                                                                              \n (ii)   Reducing operational costs (Example: a further ~20% reduction was achieved through technical and workflow upgrades since the last operational update was press released in March 2025).                               \n                                                                                                                                                                                                                              \n (iii)  Building critical mass across the existing product range by developing repeat customer relationships.                                                                                                                 \n                                                                                                                                                                                                                              \n (iv)   Expanding the customer base across key industry segments:                                                                                                                                                             \n        •                                                                                               Aerospace                                                                                                             \n        •                                                                                               Medical                                                                                                               \n        •                                                                                               Defence                                                                                                               \n        •                                                                                               Contract Manufacturing                                                                                                \n        •                                                                                               Electronics                                                                                                           \n        •                                                                                               Alloy Producers.                                                                                                      \n                                                                                                                                                                                                                              \n (v)    Developing additional products from existing production runs. (Example: in December 2025, the Company introduced an off-cut powder product to complement its fine and coarse cut products.)                           \n                                                                                                                                                                                                                              \n (vi)   De-risking product offerings by expanding powder suitability to three broad-based applications:                                                                                                                       \n                                                                                                                                                                                                                              \n        1.                                                                                              Laser Bed Powder Fusion (LBPF): the most established metal 3D printing technology.                                    \n        2.                                                                                              Electron Beam Melting (EBM): a technology more widely used in the aerospace and biomedical manufacturing industries.  \n        3.                                                                                              Direct Energy Deposition (DED): suitable for printing large-scale parts and for product repair.                       \n                                                                                                                                                                                                                              \n\nMomentum continues to grow for the Additive division, providing progress\ntowards its long-term strategic goals:\n* The Company has been approached by a corporation interested in securing\ndistribution and/or production capability for the Middle East region,\npotentially as part of a joint venture.\n\n* The Company signed a contract (news release dated April 09, 2026) towards a\npotential titanium powder distribution agreement with a materials firm\nsupplying the Asian electronics market. The potential agreement would include\ndistribution to electronics, medical, and aerospace industries in that\nregion. \n* The Company has released several contract announcements over the past four\nmonths, which included contracts for repeat orders from the same customers.\nNEXT STEPS\n* Continue positioning the Additive division for operational scale-up.\n\n* The Company will continue to broaden its commercial reach beyond North\nAmerica and Europe, with a particular focus on expanding distribution channels\nand market presence across Asia and the Middle East, all with the goal of\npreparing the Additive division for the next level of growth.\n\n* The Company is pursuing joint ventures and strategic alliances to support\nthe expansion of the Company’s international footprint and accelerate market\naccess. These may include the construction of PyroGenesis’ NexGen™ plasma\natomized metal powder production systems in different locations worldwide in\nconjunction with joint-venture partners, or trusted existing clients who have\nexpressed an interest.\nINDUSTRY AND MARKET CONTEXT\n* The global 3D printing market specific to titanium powder is expected to\nincrease from $214 million in 2023 to $1.4 billion by 2032.(1)\n* Titanium is classified as a critical mineral by both Canada(2) and the\nU.S.(3)\n* Titanium is used by multiple industries, including space, aerospace,\ndefense, consumer electronics, medical, hydrogen, and electric vehicles, due\nto its high strength-to-weight ratio and corrosion resistance.\nAbout PyroGenesis Inc.\n\nPyroGenesis leverages 35 years of plasma technology leadership to deliver\nadvanced engineering solutions to energy, propulsion, destruction, process\nheating, emissions, and materials development challenges across heavy industry\nand defense. Its customers include global leaders in aluminum, aerospace,\nsteel, iron ore, utilities, environmental services, military, and government.\nFrom its Montreal headquarters and local manufacturing facilities,\nPyroGenesis’ engineers, scientists, and technicians drive innovation and\ncommercialization of energy transition and ultra-high temperature technology.\nPyroGenesis’ operations are ISO 9001:2015 and AS9100D certified, with ISO\ncertification maintained since 1997. PyroGenesis’ shares trade on the TSX\n(PYR), OTCQX (PYRGF), and Frankfurt (8PY1) stock exchanges.\n\nCautionary and Forward-Looking Statements\n\nThis press release contains “forward-looking information” and\n“forward-looking statements” (collectively, “forward-looking\nstatements”) within the meaning of applicable securities laws. In some\ncases, but not necessarily in all cases, forward-looking statements can be\nidentified by the use of forward-looking terminology such as “plans”,\n“targets”, “expects” or “does not expect”, “is expected”,\n“an opportunity exists”, “is positioned”, “estimates”,\n“intends”, “assumes”, “anticipates” or “does not anticipate”\nor “believes”, or variations of such words and phrases or state that\ncertain actions, events or results “may”, “could”, “would”,\n“might”, “will” or “will be taken”, “occur” or “be\nachieved”. In addition, any statements that refer to expectations,\nprojections or other characterizations of future events or circumstances\ncontain forward-looking statements. Forward-looking statements are not\nhistorical facts, nor guarantees or assurances of future performance but\ninstead represent management’s current beliefs, expectations, estimates and\nprojections regarding future events and operating performance. Forward-looking\nstatements are necessarily based on a number of opinions, assumptions and\nestimates that, while considered reasonable by PyroGenesis as of the date of\nthis release, are subject to inherent uncertainties, risks and changes in\ncircumstances that may differ materially from those contemplated by the\nforward-looking statements. Important factors that could cause actual results\nto differ, possibly materially, from those indicated by the forward-looking\nstatements include, but are not limited to, the risk factors identified under\n“Risk Factors” in PyroGenesis’ latest annual information form, and in\nother periodic filings that it has made and may make in the future with the\nsecurities commissions or similar regulatory authorities, all of which are\navailable under PyroGenesis’ profile on SEDAR+ at www.sedarplus.ca. These\nfactors are not intended to represent a complete list of the factors that\ncould affect PyroGenesis. However, such risk factors should be considered\ncarefully. There can be no assurance that such estimates and assumptions will\nprove to be correct. You should not place undue reliance on forward-looking\nstatements, which speak only as of the date of this release. PyroGenesis\nundertakes no obligation to publicly update or revise any forward-looking\nstatement, except as required by applicable securities laws. Neither the\nToronto Stock Exchange, its Regulation Services Provider (as that term is\ndefined in the policies of the Toronto Stock Exchange) nor the OTCQX Best\nMarket accepts responsibility for the adequacy or accuracy of this press\nrelease.\n\nFor further information contact ir@pyrogenesis.com or visit\nhttp://www.pyrogenesis.com\n\n________________________\n(1)\nhttps://3dprint.com/313549/titanium-3d-printing-powders-to-reach-1-4b-by-2032/\n\n(2)\nhttps://www.canada.ca/en/campaign/critical-minerals-in-canada/critical-minerals-an-opportunity-for-canada.html\n\n(3) https://public-inspection.federalregister.gov/2025-16311.pdf\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/be715f43-295f-49b0-ae9a-5190ef3b76bf)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-04-29T11:00:00.746480402Z","server_sent_at_ms":1777460400746},"received_at":"2026-04-29T11:00:00.798Z","source_url":"https://www.globenewswire.com/news-release/2026/04/09/3270788/0/en/pyrogenesis-announces-contract-toward-titanium-powder-supply-and-distribution-agreement-with-asian-materials-company.html"},"analysis":{"id":"9699","press_release_id":"12498","analysis_json":{"industry":{"label":"Capital Goods","sector":"Industrials"},"redFlags":[],"eventType":"other","narrative":"PyroGenesis released a strategic update for its Additive Manufacturing division, highlighting a ~20% reduction in operational costs achieved through technical upgrades since March 2025.\n\nThe company is positioning the division for a significant operational scale-up and reported interest from a Middle East corporation for a potential joint venture alongside a recent contract regarding Asian distribution.\n\nManagement plans to expand its footprint in Asia and the Middle East through strategic alliances, targeting a titanium powder market projected to grow to $1.4 billion by 2032.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Strategic update details 20% cost reduction and outlines JV interest for international expansion."},"keyFigures":{"customDimensions":{"market_size_2023":"$214 million","market_size_2032_projected":"$1.4 billion","operational_cost_reduction":"~20%"}},"quotedText":"","namedEntities":{"people":[],"products":["NexGen","NexGen plasma atomized titanium metal powder","off-cut powder","Laser Bed Powder Fusion (LBPF)","Electron Beam Melting (EBM)","Direct Energy Deposition (DED)"],"companies":[{"name":"PyroGenesis Inc."}],"dollarAmounts":[{"amount":"$214 million","context":"global 3D printing market size in 2023"},{"amount":"$1.4 billion","context":"global 3D printing market size projection for 2032"}]},"materialImpact":{"score":2,"reasoning":"Strategic corporate update highlighting operational improvements and growth potential, but lacking definitive material events such as finalized M&A, significant earnings, or secured financing."},"tickerRelevance":{"others":[{"ticker":"PYRGF","relevance":"mentioned"},{"ticker":"8PY1","relevance":"mentioned"}],"primary":"PYR"},"globalImportance":15,"audienceRelevance":20,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"small_cap","eventGravity":"strategic_update","sectorWeight":"industrials","householdBrandBoost":0}},"event_type":"other","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":2,"narrative":"PyroGenesis released a strategic update for its Additive Manufacturing division, highlighting a ~20% reduction in operational costs achieved through technical upgrades since March 2025.\n\nThe company is positioning the division for a significant operational scale-up and reported interest from a Middle East corporation for a potential joint venture alongside a recent contract regarding Asian distribution.\n\nManagement plans to expand its footprint in Asia and the Middle East through strategic alliances, targeting a titanium powder market projected to grow to $1.4 billion by 2032.","key_figures":{"customDimensions":{"market_size_2023":"$214 million","market_size_2032_projected":"$1.4 billion","operational_cost_reduction":"~20%"}},"named_entities":{"people":[],"products":["NexGen","NexGen plasma atomized titanium metal powder","off-cut powder","Laser Bed Powder Fusion (LBPF)","Electron Beam Melting (EBM)","Direct Energy Deposition (DED)"],"companies":[{"name":"PyroGenesis Inc."}],"dollarAmounts":[{"amount":"$214 million","context":"global 3D printing market size in 2023"},{"amount":"$1.4 billion","context":"global 3D printing market size projection for 2032"}]},"model_name":"glm-4.7","prompt_hash":"sha256:1fc968c3ac7f7ebb","schema_hash":"sha256:1f8af1196c7db48c","created_at":"2026-04-29T11:39:04.953Z","global_importance":15,"audience_relevance":20,"importance_components":{"tickerTier":"small_cap","eventGravity":"strategic_update","sectorWeight":"industrials","householdBrandBoost":0}},"durationMs":73500,"modelName":"glm-4.7"}}