Home > Press > Raymor Receives a Contract from Turbomeca
Abstract:
Advanced Powders and Coatings receives contract to provide metallic coating services for helicopter turbine engine components
Raymor Receives a Contract from Turbomeca (SNECMA Group – Aerospace Sector) and Becomes an Approved Supplier
Montreal, Quebec, Canada | March 18, 2005
Raymor Industries is proud to announce that its wholly-owned,
industrial subsidiary, AP&C Advanced Powders and Coatings Inc. (AP&C) has received a
contract from Turbomeca, a SNECMA Group aerospace company, to provide metallic coating
services for helicopter turbine engine components. AP&C won the contract after having
undergone an approval process for its anti-wear metallic coating production unit and its quality
management system. As a result, AP&C becomes an approved supplier for Turbomeca, a
division of the large aerospace company, SNECMA Group.
“This contract with Turbomeca is very important, because it represents for our company a
source of recurring revenue for products & services of high added value and a breakthrough in
the aeronautical sector,” highlights Mr. Stéphane Robert, President of Raymor Industries.
With its current client base, its anticipated accreditations from targeted companies, and its
current production capacity for one shift, AP&C targets generating revenues of up to CDN$4
million over the next twelve months from its Metal & Ceramic Coatings Division. This capacity
may increase with the addition of more shifts, without additional investment in equipment. This
division has highly-specialized equipment for the operation of processes, such as HVOF (High
Velocity Oxyfuel), APS (Atmospheric Plasma Spray), VPS (Vacuum Plasma Spray), the
analytical labs, and a highly-skilled workforce for the production and development of new nano
and conventional coatings. The goal of AP&C is to become a leader in metal and ceramic
coatings in sectors such as aerospace, mining, power turbines, and other industries with
specialized equipment.
“AP&C’s expertise in thermal spray coatings is very appealing for the Canadian Aerospace
sector. AP&C is currently attracting the attention of many industrial leaders both in Quebec
and abroad, in this area; and I believe that AP&C’s technology represents a significant
competitive advantage for Quebec,” adds Mr. Michel Baril, well-known in the aerospace sector
and a member of Raymor Industries Board of Directors.
Analysts from the renowned Freedonia Group evaluated the anti-wear coatings market to be
US$1.52 billion in 1999 and US$1.68 billion in 2004. They anticipate a steady annual growth
rate of 6.3% for this market, which should lead to sales of more that US$2.27 billion in 2009.
"As well, the current trend towards raw material cost reductions will make thermal spray
coatings more and more affordable, allowing this type product to penetrate existing, untapped
markets, such as industrial equipment and heavy machinery. This is why we anticipate a
strong growth in demand for AP&C products,” concludes Mr. Robert.
###
About Raymor Industries
Raymor Industries Inc. (TSX-V:RAR) has for mission to be 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) metal and ceramic coatings, which largely targets aerospace,
military, and mining applications; (2) spherical metallic powders, primarily used for biomedical and
aerospace applications; (3) nanotechnology products, including nano-powders, nano-coatings, and
carbon nanotubes for “the applications of tomorrow”; 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 20 patents throughout the world.
For more information, visit www.raymor.com
Contact:
Raymond Fournel
Investor Relations
Tel: 514-932-3485
Fax: 514-932-3644
investor@raymor.com
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Raymor Industries
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