MONTREAL,
QUEBEC--June 22, 2005) - Raymor Industries
Inc. (TSX VENTURE:RAR) is proud to announce that
its wholly-owned subsidiary, AP&C Advanced Powders
and Coatings Inc. has concluded an agreement for
the production of titanium powder with Metaor (US).
Metaor, part of IMC (International Metalworking Companies),
specializes in the fabrication of metal components
using a metal injection molding (MIM) process. Their
products serve high-volume markets in various sectors,
including automotive, medical, industrial tooling,
electronics, and other sectors. Metaor has sales
offices in the US and Europe. AP&C's metallic
powders are produced using the patented plasma atomization
process. This unique process produces metallic powders
of high purity, with an exceptional sphericity. Given
these two characteristics,
AP&C metallic powders
offer the best performance for metal injection molding
applications. The plasma atomization process was
developed at the beginning of the 90's at Hydro-Quebec's
Shawinigan laboratory, in collaboration with Noranda.
AP&C benefits from a worldwide, exclusive license
for the process. "The exceptional sphericity and
purity characterisitics of our titanium powers allows
us to respond favourably to the strict requirements
of the biomedical and aerospace fields," said Dr.
Michel Drouet, Chief Scientist with AP&C.
"This
agreement with Metaor confirms that our metallic
powders meet the needs of the MIM industry, MIM being
a method to fabricate complex components using high-value
metals," said Mr. Stephane Robert, President of Raymor
and AP&C. "The use of MIM is advantageous for
markets such at aerospace and other specialized sectors,
which for us, will imply important powder sales," added
Mr. Robert. AP&C's plasma atomization process
allows for the commercialization of many types of
micron-sized and nano-sized metallic powders for
different applications in promising markets. 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
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