Powder specialist PyroGenesis Canada has reported revenues of CAN$8,280,572, an increase of 289% from CAN$2,128,454 in Q2 2020.
Revenue for the first six months of 2021 was CAN$14,545,075, an increase of 411% over revenue of CAN$2,847,362 during the same period in 2020.
The company said that it expects significant year over year improvements in 3D metal powders as its NexGen facility is now on-line.
‘There are major top tier aerospace companies and OEMs, in both Europe and North America, eagerly awaiting powders from this new state-of-the-art production line, and we are currently in the process of supplying sample powders to them for analysis,’ a press release said. According to PyroGenesis, a tier one global aerospace company has entered into an agreement with the company to qualify its powder.
‘This is the fourth quarter in a row that PyroGenesis has posted more revenues in each quarter than for all of 2019, and the company is on track to exceed the record revenues of 2020,’ said P Peter Pascali, CEO PyroGenesis.
This story uses material from PyroGenesis, with editorial changes made by Materials Today.
