| MONTREAL,
QUEBEC--(CCNMatthews - Aug. 9, 2005) - Raymor Industries
Inc. (TSX VENTURE:RAR) is proud to announce that
the 2005 Nanotechnology for Defense conference, held
from July 25th to July 27th, 2005, in Washington
DC, was a great success for the company, confirming
the very strong, immediate need for Raymor's single-walled
carbon nanotubes (C-SWNT) .
During this conference, the majority of decision
makers from the US Military, as well as from other leading-edge companies
were in attendance in order to discuss business.
Raymor has received many requests for quotations
for its single-walled carbon nanotubes, as well
as many requests for samples from its current production.
By the end of September, Raymor will supply these
samples as well as a price list based on large
production volumes. These requests come primarily
from future clients in the military and aerospace
fields.
The majority of groups present at this conference
develop products based on nanotechnology, and are
financed in whole or in part by the US program, National
Nanotechnology Initiative (NNI). This program is
managed by many federal agencies in the US, and has
an available budget of more than US$1 billion annually.
Among these agencies include the Department of Defense,
the Department of Energy, NASA, the Department
of Health, and others. NNI was launched in 2000 with
the goal to promote the development of applications
using nanotechnology, and has a budget of US$4.7
billion.
For
example, thanks to nanotechnology, the group Institute
for Soldier Nanotechnologies (ISN), who was present
at the conference, has the definitive mandate to
create a battlesuit which combines high-tech capabilities
with the need for light weight, comfortable clothing.
The ISN's challenge is to transform today's cotton/nylon
fatigues and bulky equipment belts to a sleek,
lightweight battlesuit that provides everything
from responsive armor to medical monitoring to
communications-and more-in one integrated system.
The
use of nanotechnology will be important for military
applications such as solar panels, coatings, batteries,
electronics, sensors and artificial muscles. Given
the progression of work underway, Raymor expects
to complete installation of its 10,000 gram/day
single-walled carbon nanotubes (C-SWNT) production
line this fall. 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 military, aeronautical,
aerospace, specialized industrial, 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. MORE
INFORMATION ON NANOTECHNOLOGY AND ITS POTENTIAL,
PLEASE VISIT: 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
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