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MONTREAL,
QUEBEC--( April 21, 2005) - Raymor Industries Inc.
(TSX
VENTURE:RAR) is proud to announce that its wholly-owned
subsidiary, AP&C
Advanced Powders and Coatings Inc. (AP&C) has
received several contracts from
Cooper Cameron Valves (USA) and Geographe Energy (Australia)
for its thermal
spray metal & ceramic coating services. These
two companies are important
suppliers of severe service ball valves for the mining
industry. They required
AP&C's high quality coatings for critical ball
valve components.
AP&C has developed
its expertise through a significant research &
development
effort in the field of thermal spraying. This program
was accomplished with
prestigious clients in the aerospace sector and required
the purchase of a
Vacuum Plasma Spray (VPS) coating chamber at a cost
of $2.5 million. This unit
is the only commercial VPS chamber in Canada. Furthermore,
this program
included the development of nanocoatings onto critical
components for the US
Navy.
"These contracts
confirm the performance of our coatings on valves
used in
extreme environments of high abrasion, corrosion,
temperature, or wear," said
Mr. Stephane Robert, President of Raymor Industries
and AP&C. "Our coatings
can be applied onto various other new or restored
components in the mining
industry," added Mr. Robert.
AP&C is bidding
on important mining projects currently underway, and
intends to
introduce its VPS expertise to the aerospace sector.
AP&C also offers other
coating services for the mining and aerospace sectors,
including Atmospheric
Plasma Spray (APS) and High Velocity Oxyfuel (HVOF).
Also, AP&C is presently
in the process of qualifying to become an approved
supplier with other
important companies where large production volumes
are anticipated for this
year.
AP&C's Thermal
Spray Coatings Division aims to generate revenues
in excess of
$4.0 million over the next 12 months with only one
production shift. These
revenues may increase substantially with the addition
of a second shift with
the existing equipment in place. Given the demand
for AP&C coatings, this
second shift may happen this year.
According to Freedonia
Group, a respected market analyst firm, the North
American market for coatings will grown at an annual
rate of 4.8% until 2009,
to reach annual sales of US$4.8 billion.
The ceramic coatings
segment of the market represented sales of US$1.1
billion
in 2004. According to BCC Research, a US research
firm, this market should
grow at a rate of 7.6% to reach sales of US$1.6 billion
in 2009.
The thermal spray
segment of the ceramic coatings market, which Raymor
& AP&C
service, is experiencing the strongest growth, with
an annual rate of 8.6% from
2004 to 2009. This rate is almost double that of the
coatings industry. The
North American sales in 2004 for ceramic thermal spray
coatings was US$690
million, and should grow to US$1.04 billion by 2009.
Thermal spray represents
62.3% of the ceramic coatings market. It holds a
significant advantage over other techniques, such
as physical vapour deposition
(PVD) and chemical vapour deposition (CVD). According
to BCC, thermal spray
will continue to grow with respect to the competing
technologies, reaching 65%
of the ceramic coatings market by 2009.
The aerospace segment
of the ceramic coatings market represented sales of
US$574 million last year, and should reach US$904
million in 2009. This
represents an annual growth rate of 9.5%. The aerospace
sector represents 52%
of the ceramic coatings market, which should grow
to 57% by the end of the
decade.
The industrial coatings
segment of the ceramic coatings market for corrosion
and wear protection represented sales of US$192 million
in 2004. With an
annual growth rate of 4.4%, sales should reach US$201
million in 2009.
RAYMOR INDUSTRIES
INC. (TSX-V:RAR) has as its mission to become the
largest
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 21
patents throughout the world,
with other patents pending.
ON BEHALF OF THE BOARD
OF DIRECTORS
Stephane Robert, President.
FOR MORE INFORMATION
ON NANOTECHNOLOGY AND ITS POTENTIAL, PLEASE VISIT
THE
FOLLOWING SITE: www.nanoquebec.ca
FOR FURTHER INFORMATION
PLEASE CONTACT:
RAYMOR INDUSTRIES INC.
Raymond Fournel
Investor Relations
(514) 932-3485
Fax: (514) 932-3644
investor@raymor.com
www.raymor.com
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