Swift Navigation Secures $50M Series E to Accelerate Global Adoption of Centimeter-Accurate Satellite Positioning
Traditional Global Navigation Satellite Systems (GNSS), such as GPS, provide positioning with an accuracy range of 3 to 10 meters. Swift's Skylark™ Precise Positioning Service is a cloud-based service that corrects errors in GNSS signals, improving accuracy by 100x—to centimeter level. Skylark is purpose-built to enable mass market adoption of high-accuracy GNSS by unlocking high-volume applications in autonomous driving, robotics, precision logistics, and V2X communication.
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Toronto Star
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Montreal-based PyroGenesis Canada Inc. has secured its first commercial contract for titanium metal powder from a European client Europe Metal 3D Printing Market Size & Outlook projected to grow to US$11.2 B by 2030 Titanium is notably classified as a critical mineral by the Canadian government First European Titanium Contract In a notable milestone for its additive manufacturing division, Montreal-based PyroGenesis Canada Inc. (TSX: PYR, OTCQX: PYRGF) has secured its first commercial contract for titanium metal powder from a European client in the advanced manufacturing space, the company announced on July 31. This content has been prepared as part of a partnership with PyroGenesis Inc., and is intended for informational purposes only. The contract marks the company's debut transaction with a European-based engineering and materials science firm focused on additive manufacturing technologies, specifically electron beam melting (EBM) and direct energy deposition (DED). At the heart of the deal is PyroGenesis's Ti-6Al-4V coarse-cut titanium powder, produced using its proprietary NexGen™ plasma atomization system—a process that has recently won praise from some of the most demanding stakeholders in the aerospace and defence sectors. 'This order confirms the readiness of our NexGen™ powder production for demanding, real-world applications,' said CEO P. Peter Pascali in a statement. 'It's a significant commercial validation.' Peter Pascali, CEO of PyroGenesis Canada Inc. Industry and Market Context Additive manufacturing has long promised to disrupt how we build everything from jet engine components to orthopedic implants. But at its core lies a challenge: creating high-purity, uniformly sized metal powders that meet tight tolerances and performance metrics. Additionally, PyroGenesis's entry into this market hasn't gone unnoticed. It's coarse powder product, particularly in the 53–150 µm size range, has already passed rigorous qualification by a major aerospace OEM—widely speculated to be Boeing, which granted the company 'approved supplier' status earlier this year. The current contract, though undisclosed in size, is strategically significant: it reflects a shift in PyroGenesis's European go-to-market strategy, moving from distributor-based sales to direct client engagement, enabling better margins, faster cycles, and deeper integration with OEMs. Metric Details Projected Market Size (2030) US $11.2 billion CAGR (2024–2030) 24.8% Key Industries Driving Growth – Automotive– Aerospace & Aviation– Machinery – Electronics Market Position Europe is a global hub for advanced manufacturing Europe Metal 3D Printing Market Size & Outlook, 2023-2030. (Source: Grandview Research). Titanium Classified as a Critical Mineral PyroGenesis' production of high-quality titanium metal powders is part of its broader three-vertical solution strategy designed to address key economic drivers in global heavy industry. Furthermore, this work falls under the Commodity Security & Optimization vertical. which focuses on advanced material production and technologies—like plasma processing—to recover valuable metals and minerals from industrial waste, enhancing the availability of critical resources. Evidently, titanium is notably classified as a critical mineral by the Canadian government, plays a central role in this initiative. Equally important, PyroGenesis' two other strategic verticals are Energy Transition and Emission Reduction and Waste Remediation. Strategic Pivot to Europe: A $10 Billion Opportunity The deal underscores PyroGenesis's growing focus on the European additive manufacturing market. The market is projected to exceed $11.2 billion by 2030, according to independent industry research. In addition, the company's exit from its distribution arrangement with Aubert & Duval—announced in 2024—freed PyroGenesis to pursue direct sales relationships across the continent. 'This customer is a key technology hub in Europe,' noted Massimo Dattilo, VP of Sales. 'We believe this initial engagement opens the door to more substantial long-term contracts.' Massimo Dattilo, VP of Sales, PyroGenesis Canada Landmark Titanium Orders Additionally, over the past 18 months, PyroGenesis has transformed its metal powder business from pilot-scale shipments to full commercial operations. Given that, in May 2025, it received a landmark 5-tonne titanium powder order from a U.S.-based customer, followed by a 6-tonne reorder—underscoring the sector's readiness to scale. Meanwhile, its NexGen™ production line continues to be a differentiator. Compared to legacy systems, NexGen™ delivers higher throughput, lower cost-per-kilogram, and greater particle size control—making it especially well-suited for aerospace and defence applications where certification is non-negotiable. Another key point, PyroGenesis will host a conference call at 12:00 PM Eastern Time on Thursday, August 7th, 2025. The company will discuss second quarter 2025 financial results ending June, 30, 2025. Join the discussion: Find out what the Bullboards are saying about PyroGenesis Canada Inc. and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
