MONTREAL,
QUEBEC--
May 25, 2005) - Raymor Industries Inc. (TSX VENTURE:RAR)
is proud to announce that its wholly-owned industrial
subsidiary, AP&C Advanced Powders & Coatings
Inc. (AP&C)
has concluded a contract for Titanium powder production
with THE BOEING COMPANY (NYSE:BA).
BOEING
will use this unique powder, given its sphericity
and its purity, for aerospace applications. Thanks
to AP&C's patented plasma atomization process, these powders are
of a high purity, with an exceptional sphericity, ideal for aerospace applications.
The plasma atomization process was developed at the beginning of the 90's at
Hydro-Quebec's Shawinigan laboratory, in collaboration with Noranda. "This contract
represents an important breakthrough in the aerospace sector for our metallic
powders," said Mr. Stephane Robert, President of Raymor Industries and AP&C.
With
other negotiations underway, AP&C foresees
the installation of a second reactor in its facility,
which could hold up to six units. The forecasted
revenue from powder sales is in the order of $3.5
million per year, per reactor. RAYMOR INDUSTRIES
INC. (TSX-V:RAR) has as its mission to become the
leading Canadian developer of high technology and
a producer/recycler of advanced materials and nanomaterials
for high value-added applications.
In
November 2004, Raymor Industries created a wholly-owned,
industrial subsidiary, AP&C Advanced Powders and
Coatings, specializing in nanotechnology and advanced materials, and comprising
four operational divisions: (1) nanotechnology products, including nano-powders,
nano-coatings, and single-walled carbon nanotubes (C-SWNT) for "the applications
of tomorrow"; (2) metal and ceramic coatings, which largely targets aerospace,
military, and mining applications; (3) spherical metallic powders, primarily
used for biomedical and aerospace applications; and (4) net-shape forming,
a component manufacturing technique used for ballistic protection and other
aerospace and military applications.
Raymor holds the exclusive rights to more than 20
patents throughout the world, with other patents pending.
ON BEHALF OF
THE BOARD OF DIRECTORS Stephane Robert, President.
FOR MORE INFORMATION ON RAYMOR INDUSTRIES,
PLEASE
VISIT: www.raymor.com
FOR
MORE INFORMATION ON NANOTECHNOLOGY AND ITS POTENTIAL,
PLEASE VISIT: www.nanoquebec.ca -
30 -
FOR FURTHER INFORMATION PLEASE CONTACT: Raymor Industries Inc.
Raymond Fournel Investor Relations (514) 932-3485 Fax: (514) 932-3644 investor@raymor.com
|
