{"success":true,"data":{"pressRelease":{"id":"157801","rtpr_id":"nGNX62y9Qn-20261001","ticker":"PYR","exchange":"TSX","all_tickers":["PYR"],"title":"PyroGenesis Confirms Completion of Installation of 4.5 MW Plasma Torch System at U.S. Defense and Aeronautics Research Facility","author":"Globe Newswire","published_at":"2026-10-01T11:00:00.430Z","article_body":"MONTREAL, Oct. 01, 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, today confirmed that installation of the Company’s 4.5 MW plasma\ntorch system for a U.S. defense and aeronautics research facility, has been\ncompleted. The system and its auxiliary components are now undergoing final\nadjustments to ensure specification compliance.\n\nAs announced previously\n(https://www.globenewswire.com/Tracker?data=Kju1WdmukUtq4sB8s8tuX3gdBbPGwWFCDwKtQrIAaI2wfwFJqSpXJ2ypax432B8HQlFSoTrB10avgBOLqz-vZzQ_FrlzrY9J7tbBEkHzot4NQT7LoMjsFGhO5gU76F0J79yJrlcFj-6EdwYoCc9dwejbMh4PsUkL_pH2wSM0XZliWReQD6AhFq6u-09f8zZtYDBQ8ZknKjQg9IvjDWiAakeW1dPwo0WpEjkVgO48HxEpIeo3EW9Rmku5S_KyTX8mVsnZLd_-1OvpmyR2isdshgtzxQh19FUbJrGsWxGgJZMwzQ-2uy6KoVPlifjmtYuE8JvXAgBSnAbP31zmNpBq5yv52ttQEWP8TFb_xajubbSkx2XyCCth1rzp5XrtjuQMz8AJzHCX5njPDeJ6wp4HJ9e_89xE2WfWJj1D5IZwVS0=),\nPyroGenesis signed a contract valued at approximately $4.13 million (US$3.13\nmillion) with a U.S. corporation who regularly serves as a prime contractor\nfor the U.S. government as well as for public and private customers in the\naeronautics and related industries. The contract is for the design and build\nof a 4.5 MW plasma torch system and related peripherals. The project is the\nfirst of two large-scale plasma torch system projects for this client, who\nsubsequently ordered a 20 MW plasma torch, announced October 21, 2024\n(https://www.globenewswire.com/Tracker?data=0gY_o7RNnarzuLOozxBwrAWFrqyiZJvfv4TefSHb9h8fYOtUEJ3dPri2U6kDa6TplDiO1BSJJZ-LSun-mb9wfkyRtcoPOI1JfKeXOjBc-_Cq0qdnsD3udcjM2VOi6GPObGNSo8jpkwsKpuZQgjg7FoU70_-7uiZDl_aEGkzKb8pnSI84sS0UHz5TDOoU4LKExzPAlh_VoTDFrpZlC81m-4Rhf-XgMR3wR16diEozIpE=).\nThe 20 MW torch system, with a signed budget of $27 million (US$19.6 million),\nis expected to be the largest plasma torch ever produced commercially, based\non the Company’s own research.\n\n\nImage: PyroGenesis’ 4.5 MW plasma torch\n\nThe 4.5 MW plasma torch system was subsequently delivered to the client\n[announced January 27, 2026], pending completion of the client’s facility to\nenable installation. Over the past few weeks, the system and related\nperipheral components were installed. Live pre-operational startup and testing\nof the plasma torch have commenced.\n\nOnce fully operational, and all specification adjustments have been completed,\nthe plasma torch is expected to operate within an extreme-temperature test\ntunnel, generating the ultra-high-temperature conditions required to expose\nmaterials and scale models to extreme thermal environments and assess their\nperformance for aeronautics applications. For reference, a 4.5 MW plasma torch\nis equivalent to the average concurrent electricity demand of approximately\n3,750 average U.S. homes (based on an average U.S. household’s continuous\ndemand of 1.2kW(1)).\n\nThe client is a leading center for innovation, technology development, and\ntesting in support of critical defense, military, and aeronautics\napplications. Its world-class scientific community includes internationally\nrecognized experts whose collective contributions span numerous landmark\nachievements in U.S. aeronautics. The client’s facilities house unique\nfull-scale test conditions considered essential to U.S. national security.\n\n“This announcement marks an important milestone in the deployment of our\nhigh-power plasma technology for advanced aeronautics testing,” said Mr. P.\nPeter Pascali, President and CEO of PyroGenesis. “With the torch now\ninstalled, the system will proceed through commissioning before entering its\nintended operational phase, where the system is expected to support the\nclient’s specialized test programs by providing a controlled, high-power\nplasma heat source capable of generating exceptionally demanding thermal\nconditions. This installation also represents an important step in our ongoing\nrelationship with the client, which has already ordered a 20 MW plasma torch.\nThe 20 MW system represents the next major scale-up in plasma power and, based\non our research, is expected to be the largest plasma torch ever produced\ncommercially.”\n\nToday’s announcement complemented other advancements to the Company’s\nhigh-powered plasma torch business line that the Company has previously\nannounced. The following is a short summary of two of the more prominent\nprojects that are currently underway:\n1. Constellium:\n\nAs previously announced (press release dated August 5, 2025\n(https://www.globenewswire.com/Tracker?data=PCqN3jqVT9Y8bOpBvZ7sPPnwTRmefjZlMwA_fuhUZ-WxFmzrApEeBtER8VBVy67aScgKzhiaGLU9abhe-VSS-rCPrWy21U4jZOhxdI1nHqB_A9qjNCFjRzmy7xiP0VKjEUSmO8kl-T2kQN2-cgNjNfDj--zvSaReAkgAWiqckoRRneQj2NT3Lj3D-n-rTA0mT_JjgyPQWl0ujPOWWMTTNRdiZCYi5DMiwa2NdbI4rzfIE2U4bV92OmsiKd23j68O)),\nPyroGenesis signed an industrial implementation contract with Constellium, one\nof the world’s largest aluminum transformation and recycling companies, for\nthe sale of plasma torch technology and related peripheral components, for use\nin a Constellium aluminum remelting furnace. This followed a previous\nannouncement (press release dated April 10, 2024\n(https://www.globenewswire.com/Tracker?data=PCqN3jqVT9Y8bOpBvZ7sPPnwTRmefjZlMwA_fuhUZ-XJNID5srii7zHJ50ok_ZpYa6BHzg8u9APHet2n_TVcCdWUALgj0clMFH8w7urYeW9Fer72dziqs3tNW5qvLyA44GUCW-dgZKsGmvyXHAFg9eokdifi2OaXI5R777qlgHWZui2tL3eKaGFWdP7ji29eDnHTy_1mmwiZ4uLUSThMGjOG-erJ_KPRNY438C3oHNMXNiUHECkls4iPRG1g2iL8))\ndetailing a collaboration agreement whereby Constellium stated its intention\nto use PyroGenesis plasma torches as potential replacement heating sources in\nConstellium’s aluminum cast houses.\n\nMore recently, the Company announced [press release March 6, 2026\n(https://ir.pyrogenesis.com/news-releases/news-release-details/pyrogenesis-completes-plasma-torch-system-build-constellium)]\nsuccessful completion of the system and commencement of the delivery and\ninstallation phase.\n\nThe Company today reports that the system has been operating successfully\nsince early June 2026 within a furnace at a Constellium manufacturing plant in\nFrance. Since that time, the furnace has been successfully producing aluminum,\nusing PyroGenesis’ plasma torch system as the furnace heat source.\n\nThe system will continue operating and producing aluminum during October, at\nwhich point the first phase of the collaboration agreement will be completed.\nAt that point, the next phase in the collaboration agreement will be discussed\nbetween Constellium and PyroGenesis.\n\n\n2. Norsk Hydro ASA\n\nAs previously announced (press release dated February 24, 2025\n(https://ir.pyrogenesis.com/news-releases/news-release-details/pyrogenesis-signs-24-million-contract-norsk-hydro-asa)),\nPyroGenesis signed a €1.63 million (CA$2.4 million) contract with Norsk\nHydro ASA (“Hydro”), a Norway-based aluminum and renewable energy company\nthat, since its founding in 1905, has become one of the largest aluminum\nproducers in the world and one of the most respected and influential leaders\nin heavy industry. The contract with PyroGenesis is to test plasma technology\nas one of the ways to replace fossil fuels with renewable alternatives in its\naluminum casthouses. This contract followed Hydro publicly announcing (in\nJanuary 2024) its stated goal to achieve net-zero emissions across the entire\naluminum value chain\n(https://www.hydro.com/en/global/sustainability/our-roadmap-to-net-zero-emissions-in-aluminium-production/)\nby 2050, including their intention to test plasma\n(https://www.globenewswire.com/Tracker?data=mAZUAgDGI1z_pWASOUacvoYAeopugEZM0azLNDDAkgFXOgMbWw-aFLdIP2vTw9Dk_wa66yUp5jeVFCjRG0nVkQWrRr074JL6FA6uHpIHtdTEUtztGsC8VCYNgbb5vpwg2YN7-IjO444JuVo8CEvkcCwzfB4rTzy3UHneVmHWcPoTbcL07-K9qM9u07l6HyHTr6GU8YYBUpLj5Nc-mAZkOCZoft8ils1UQMb_86i1gVJvRJM16unCUGQX9a6Qz-qmcqi7k8fqZqRKwJVy0-oNvZgT_-dOcXowGmfU6kviNB4=)\ntechnology in their test center in Sunndal Norway.\n\nThe Company today reports that the development of the plasma torch system for\nHydro has been completed, and the system and related components are expected\nto arrive at Hydro’s Sunndal facility during Q4 2026. The plasma torch\nsystem will then be installed in an aluminum furnace, with start-up and\ncommissioning expected to be completed during Q1 2027.\n\nHydro’s Sunndal facility is the largest and most modern primary aluminum\nplant in Europe. The facility, which also houses remelting, casthouse, and\nresearch and development activities, produces over 400,000 tonnes of primary\naluminum, 500,000 tonnes of casthouse products, and 80,000 tonnes of anodes\nannually.(2)\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(1) https://www.eia.gov/tools/faqs/faq.php?id=97&t=7\n\n(2)\nhttps://www.hydro.com/en/global/about-hydro/hydro-worldwide/europe/norway/sunndal/\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/adc0db89-dc10-4c43-8bed-e7f742ab1fe4\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/be715f43-295f-49b0-ae9a-5190ef3b76bf)\nPyroGenesis’ 4.5 MW plasma torch \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/adc0db89-dc10-4c43-8bed-e7f742ab1fe4/en)\nPyroGenesis’ 4.5 MW plasma torch\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX62y9Qn-20261001","title":"PyroGenesis Confirms Completion of Installation of 4.5 MW Plasma Torch System at U.S. Defense and Aeronautics Research Facility","author":"Globe Newswire","ticker":"PYR","created":"2026-10-01T11:00:00.430Z","tickers":["PYR"],"exchange":"TSX","article_body":"MONTREAL, Oct. 01, 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, today confirmed that installation of the Company’s 4.5 MW plasma\ntorch system for a U.S. defense and aeronautics research facility, has been\ncompleted. The system and its auxiliary components are now undergoing final\nadjustments to ensure specification compliance.\n\nAs announced previously\n(https://www.globenewswire.com/Tracker?data=Kju1WdmukUtq4sB8s8tuX3gdBbPGwWFCDwKtQrIAaI2wfwFJqSpXJ2ypax432B8HQlFSoTrB10avgBOLqz-vZzQ_FrlzrY9J7tbBEkHzot4NQT7LoMjsFGhO5gU76F0J79yJrlcFj-6EdwYoCc9dwejbMh4PsUkL_pH2wSM0XZliWReQD6AhFq6u-09f8zZtYDBQ8ZknKjQg9IvjDWiAakeW1dPwo0WpEjkVgO48HxEpIeo3EW9Rmku5S_KyTX8mVsnZLd_-1OvpmyR2isdshgtzxQh19FUbJrGsWxGgJZMwzQ-2uy6KoVPlifjmtYuE8JvXAgBSnAbP31zmNpBq5yv52ttQEWP8TFb_xajubbSkx2XyCCth1rzp5XrtjuQMz8AJzHCX5njPDeJ6wp4HJ9e_89xE2WfWJj1D5IZwVS0=),\nPyroGenesis signed a contract valued at approximately $4.13 million (US$3.13\nmillion) with a U.S. corporation who regularly serves as a prime contractor\nfor the U.S. government as well as for public and private customers in the\naeronautics and related industries. The contract is for the design and build\nof a 4.5 MW plasma torch system and related peripherals. The project is the\nfirst of two large-scale plasma torch system projects for this client, who\nsubsequently ordered a 20 MW plasma torch, announced October 21, 2024\n(https://www.globenewswire.com/Tracker?data=0gY_o7RNnarzuLOozxBwrAWFrqyiZJvfv4TefSHb9h8fYOtUEJ3dPri2U6kDa6TplDiO1BSJJZ-LSun-mb9wfkyRtcoPOI1JfKeXOjBc-_Cq0qdnsD3udcjM2VOi6GPObGNSo8jpkwsKpuZQgjg7FoU70_-7uiZDl_aEGkzKb8pnSI84sS0UHz5TDOoU4LKExzPAlh_VoTDFrpZlC81m-4Rhf-XgMR3wR16diEozIpE=).\nThe 20 MW torch system, with a signed budget of $27 million (US$19.6 million),\nis expected to be the largest plasma torch ever produced commercially, based\non the Company’s own research.\n\n\nImage: PyroGenesis’ 4.5 MW plasma torch\n\nThe 4.5 MW plasma torch system was subsequently delivered to the client\n[announced January 27, 2026], pending completion of the client’s facility to\nenable installation. Over the past few weeks, the system and related\nperipheral components were installed. Live pre-operational startup and testing\nof the plasma torch have commenced.\n\nOnce fully operational, and all specification adjustments have been completed,\nthe plasma torch is expected to operate within an extreme-temperature test\ntunnel, generating the ultra-high-temperature conditions required to expose\nmaterials and scale models to extreme thermal environments and assess their\nperformance for aeronautics applications. For reference, a 4.5 MW plasma torch\nis equivalent to the average concurrent electricity demand of approximately\n3,750 average U.S. homes (based on an average U.S. household’s continuous\ndemand of 1.2kW(1)).\n\nThe client is a leading center for innovation, technology development, and\ntesting in support of critical defense, military, and aeronautics\napplications. Its world-class scientific community includes internationally\nrecognized experts whose collective contributions span numerous landmark\nachievements in U.S. aeronautics. The client’s facilities house unique\nfull-scale test conditions considered essential to U.S. national security.\n\n“This announcement marks an important milestone in the deployment of our\nhigh-power plasma technology for advanced aeronautics testing,” said Mr. P.\nPeter Pascali, President and CEO of PyroGenesis. “With the torch now\ninstalled, the system will proceed through commissioning before entering its\nintended operational phase, where the system is expected to support the\nclient’s specialized test programs by providing a controlled, high-power\nplasma heat source capable of generating exceptionally demanding thermal\nconditions. This installation also represents an important step in our ongoing\nrelationship with the client, which has already ordered a 20 MW plasma torch.\nThe 20 MW system represents the next major scale-up in plasma power and, based\non our research, is expected to be the largest plasma torch ever produced\ncommercially.”\n\nToday’s announcement complemented other advancements to the Company’s\nhigh-powered plasma torch business line that the Company has previously\nannounced. The following is a short summary of two of the more prominent\nprojects that are currently underway:\n1. Constellium:\n\nAs previously announced (press release dated August 5, 2025\n(https://www.globenewswire.com/Tracker?data=PCqN3jqVT9Y8bOpBvZ7sPPnwTRmefjZlMwA_fuhUZ-WxFmzrApEeBtER8VBVy67aScgKzhiaGLU9abhe-VSS-rCPrWy21U4jZOhxdI1nHqB_A9qjNCFjRzmy7xiP0VKjEUSmO8kl-T2kQN2-cgNjNfDj--zvSaReAkgAWiqckoRRneQj2NT3Lj3D-n-rTA0mT_JjgyPQWl0ujPOWWMTTNRdiZCYi5DMiwa2NdbI4rzfIE2U4bV92OmsiKd23j68O)),\nPyroGenesis signed an industrial implementation contract with Constellium, one\nof the world’s largest aluminum transformation and recycling companies, for\nthe sale of plasma torch technology and related peripheral components, for use\nin a Constellium aluminum remelting furnace. This followed a previous\nannouncement (press release dated April 10, 2024\n(https://www.globenewswire.com/Tracker?data=PCqN3jqVT9Y8bOpBvZ7sPPnwTRmefjZlMwA_fuhUZ-XJNID5srii7zHJ50ok_ZpYa6BHzg8u9APHet2n_TVcCdWUALgj0clMFH8w7urYeW9Fer72dziqs3tNW5qvLyA44GUCW-dgZKsGmvyXHAFg9eokdifi2OaXI5R777qlgHWZui2tL3eKaGFWdP7ji29eDnHTy_1mmwiZ4uLUSThMGjOG-erJ_KPRNY438C3oHNMXNiUHECkls4iPRG1g2iL8))\ndetailing a collaboration agreement whereby Constellium stated its intention\nto use PyroGenesis plasma torches as potential replacement heating sources in\nConstellium’s aluminum cast houses.\n\nMore recently, the Company announced [press release March 6, 2026\n(https://ir.pyrogenesis.com/news-releases/news-release-details/pyrogenesis-completes-plasma-torch-system-build-constellium)]\nsuccessful completion of the system and commencement of the delivery and\ninstallation phase.\n\nThe Company today reports that the system has been operating successfully\nsince early June 2026 within a furnace at a Constellium manufacturing plant in\nFrance. Since that time, the furnace has been successfully producing aluminum,\nusing PyroGenesis’ plasma torch system as the furnace heat source.\n\nThe system will continue operating and producing aluminum during October, at\nwhich point the first phase of the collaboration agreement will be completed.\nAt that point, the next phase in the collaboration agreement will be discussed\nbetween Constellium and PyroGenesis.\n\n\n2. Norsk Hydro ASA\n\nAs previously announced (press release dated February 24, 2025\n(https://ir.pyrogenesis.com/news-releases/news-release-details/pyrogenesis-signs-24-million-contract-norsk-hydro-asa)),\nPyroGenesis signed a €1.63 million (CA$2.4 million) contract with Norsk\nHydro ASA (“Hydro”), a Norway-based aluminum and renewable energy company\nthat, since its founding in 1905, has become one of the largest aluminum\nproducers in the world and one of the most respected and influential leaders\nin heavy industry. The contract with PyroGenesis is to test plasma technology\nas one of the ways to replace fossil fuels with renewable alternatives in its\naluminum casthouses. This contract followed Hydro publicly announcing (in\nJanuary 2024) its stated goal to achieve net-zero emissions across the entire\naluminum value chain\n(https://www.hydro.com/en/global/sustainability/our-roadmap-to-net-zero-emissions-in-aluminium-production/)\nby 2050, including their intention to test plasma\n(https://www.globenewswire.com/Tracker?data=mAZUAgDGI1z_pWASOUacvoYAeopugEZM0azLNDDAkgFXOgMbWw-aFLdIP2vTw9Dk_wa66yUp5jeVFCjRG0nVkQWrRr074JL6FA6uHpIHtdTEUtztGsC8VCYNgbb5vpwg2YN7-IjO444JuVo8CEvkcCwzfB4rTzy3UHneVmHWcPoTbcL07-K9qM9u07l6HyHTr6GU8YYBUpLj5Nc-mAZkOCZoft8ils1UQMb_86i1gVJvRJM16unCUGQX9a6Qz-qmcqi7k8fqZqRKwJVy0-oNvZgT_-dOcXowGmfU6kviNB4=)\ntechnology in their test center in Sunndal Norway.\n\nThe Company today reports that the development of the plasma torch system for\nHydro has been completed, and the system and related components are expected\nto arrive at Hydro’s Sunndal facility during Q4 2026. The plasma torch\nsystem will then be installed in an aluminum furnace, with start-up and\ncommissioning expected to be completed during Q1 2027.\n\nHydro’s Sunndal facility is the largest and most modern primary aluminum\nplant in Europe. The facility, which also houses remelting, casthouse, and\nresearch and development activities, produces over 400,000 tonnes of primary\naluminum, 500,000 tonnes of casthouse products, and 80,000 tonnes of anodes\nannually.(2)\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(1) https://www.eia.gov/tools/faqs/faq.php?id=97&t=7\n\n(2)\nhttps://www.hydro.com/en/global/about-hydro/hydro-worldwide/europe/norway/sunndal/\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/adc0db89-dc10-4c43-8bed-e7f742ab1fe4\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/be715f43-295f-49b0-ae9a-5190ef3b76bf)\nPyroGenesis’ 4.5 MW plasma torch \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/adc0db89-dc10-4c43-8bed-e7f742ab1fe4/en)\nPyroGenesis’ 4.5 MW plasma torch\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-01T11:00:00.579387688Z","server_sent_at_ms":1790852400579},"received_at":"2026-10-01T11:00:00.630Z","source_url":null},"analysis":{"id":"146454","press_release_id":"157801","analysis_json":{"industry":{"label":"Industrial Machinery & Supplies & Components","sector":"Industrials"},"redFlags":[],"eventType":"operations_update","narrative":"PyroGenesis confirmed installation of its 4.5 MW plasma torch system at a U.S. defense and aeronautics research facility, with the system now in final specification adjustments and pre-operational testing underway.\n\nThe $4.13 million (US$3.13 million) contract is the first of two large-scale projects with this client, who has already ordered a 20 MW torch with a $27 million (US$19.6 million) budget — expected to be the largest commercial plasma torch ever produced.\n\nSeparately, the company said its Constellium furnace system has been producing aluminum in France since June 2026, and Hydro's €1.63 million plasma system is slated for delivery to Sunndal in Q4 2026 with commissioning in Q1 2027.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Defense-sector plasma torch installed and testing started — pipeline intact ahead of the larger 20 MW, US$19.6M follow-on system."},"keyFigures":{"dealValueUsd":3130000,"customDimensions":{"torch_power_mw":4.5,"contract_value_cad":"$4.13 million","hydro_contract_eur":1630000,"household_equivalent":3750,"follow_on_20mw_budget_usd":19600000}},"quotedText":"This announcement marks an important milestone in the deployment of our high-power plasma technology for advanced aeronautics testing","namedEntities":{"people":[{"name":"P. Peter Pascali","role":"President and CEO of PyroGenesis"}],"products":["4.5 MW plasma torch system","20 MW plasma torch system"],"companies":[{"name":"PyroGenesis Inc.","ticker":"PYR","relationship":"filer"},{"name":"U.S. defense and aeronautics research facility client","relationship":"customer"},{"name":"Constellium","relationship":"customer"},{"name":"Norsk Hydro ASA","relationship":"customer"}],"dollarAmounts":[{"amount":"$4.13 million (US$3.13 million)","context":"contract for design and build of the 4.5 MW plasma torch system"},{"amount":"$27 million (US$19.6 million)","context":"signed budget for the 20 MW plasma torch system"},{"amount":"€1.63 million (CA$2.4 million)","context":"contract with Norsk Hydro ASA for plasma technology testing"}]},"materialImpact":{"score":2,"reasoning":"Completion of installation of a $4.13M (US$3.13M) plasma torch system is a routine contract milestone, though it de-risks a multi-project defense client relationship and precedes a larger $27M (US$19.6M) 20 MW torch order. No new revenue or earnings figures announced."},"tickerRelevance":{"others":[],"primary":"PYR"},"globalImportance":22,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap (TSX/OTCQX)","eventGravity":"contract-milestone installation, no new revenue","sectorWeight":"defense/industrial tech niche","eventGravityNotes":"de-risks larger follow-on order"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"PyroGenesis confirmed installation of its 4.5 MW plasma torch system at a U.S. defense and aeronautics research facility, with the system now in final specification adjustments and pre-operational testing underway.\n\nThe $4.13 million (US$3.13 million) contract is the first of two large-scale projects with this client, who has already ordered a 20 MW torch with a $27 million (US$19.6 million) budget — expected to be the largest commercial plasma torch ever produced.\n\nSeparately, the company said its Constellium furnace system has been producing aluminum in France since June 2026, and Hydro's €1.63 million plasma system is slated for delivery to Sunndal in Q4 2026 with commissioning in Q1 2027.","key_figures":{"dealValueUsd":3130000,"customDimensions":{"torch_power_mw":4.5,"contract_value_cad":"$4.13 million","hydro_contract_eur":1630000,"household_equivalent":3750,"follow_on_20mw_budget_usd":19600000}},"named_entities":{"people":[{"name":"P. 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