As of March 11, 2021, PyroGenesis is officially trading on the NASDAQ Stock Exchange. Before that the company was listed on the Candian index, where it had been performing quite well over the past 12 months.
“This is an exciting milestone for the Company and one that we have been considering and working towards for quite some time,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “We are proud to have qualified as a NASDAQ member and we look forward to trading on this prestigious platform. The Company’s Shares will now be listed on two major exchanges, and we expect that this will not only further increase PyroGenesis’ visibility within the financial community but will also increase awareness of our product offerings amongst potential clients.”
Pyogenesis is credited for being the inventor of plasma atomization technology, arguably the most advanced process in Ti64 powder production for additive manufacturing. Now the Montreal-based firm has now been emerging as a key global player. After inventing the technology it was initially licensed to what is now AP&C. Now Pyrogenesis is set on riding the growing wave of demand for high-quality atomized powders, driven by – and driving – the AM industry’s growth.
Powder production marked a re-entry into the business for PyroGenesis. It is one of PyroGenesis’ business lines and an area that holds tremendous potential for growth. In October 2018 the company opened a new metal powder facility for additive manufacturing equipped with state-of-the-art equipment for producing plasma atomized Ti-6Al-4V powders for the AM market and, specifically, for the aerospace and biomedical industries.
The company also recently partnered with Aubert & Duval to supply plasma atomized titanium powder to the additive manufacturing market in Europe. In 2019 the company established a new spin-off focused on additive manufacturing powders and dubbed PyroGenesis Additive.