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Home > Press > Raymor Received a Strategic Order from STRYKER

Abstract:
Unique powder to be used to create lasting biocompatible coatings for its new generation of
innovative orthopedic implants

Raymor Received a Strategic Order from STRYKER Corporation for its Biomedical Titanium Powder

Montreal, Quebec, Canada | March 23, 2005

Raymor Industries 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 STRYKER Corporation (NYSE: SYK). STRYKER will use this unique powder, given its sphericity and its purity, to create lasting biocompatible coatings for its new generation of innovative orthopedic implants.

The ultra-spherical titanium powder allows STRYKER to produce high quality orthopedic implants. Before issuing a purchase order to AP&C, Stryker conducted a worldwide search to find a powder which would provide optimal longevity and biocompatibility for its orthopedic implants.

Thanks to AP&C’s patented plasma atomization process, biomedical powders are of a high purity, with an exceptional sphericity. The spherical nature of the powder provides an evenly-distributed coating for artificial joints, thus allowing for the optimization of the coating porosity, which facilitates tissue growth.

“The STRYKER contract represents for AP&C a breakthrough in the biomedical sector with a large US company. STRYKER is one of the three global leaders in human orthopedic implants, and we are pleased to have been selected by them,” said Mr. Stéphane Robert, President of Raymor Industries.

“STRYKER received FDA (US Food & Drug Administration) approval for these innovative orthopedic implants using AP&C powder, enabling us to begin a long-term business relationship,” adds Mr. Robert.

According to Dr. Michel Drouet, Chief Scientist with AP&C, “At the beginning of the 90’s, I began development work on this plasma atomization process, which is unique in the world, at Hydro-Québec’s Shawinigan laboratories, in collaboration with Noranda. Thanks to AP&C, I am extremely happy to see all this research effort leading to commercialization in the orthopedic implant sector with a client as prestigious as STRYKER.”

“With this Titanium powder, other applications will be commercialized, including the metal injection molding of components for the aerospace sector. With our Plasma Atomization Process, we can in fact consider taking a foot-hold in other promising markets with other types of nano-sized and micron-sized metallic powders,” adds Dr. Drouet.

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.

The world market for orthopedic implants was more than US$6.4 billion in 2002. Analysts from the renowned Freedonia Group predict markets of US$8.7 billion in 2007 and US$11.6 billion in 2012. The overall growth rate for this sector will be 6.2%. However, Freedonia Group and Frost & Sullivan both agree that this growth rate can increase significantly (up to 15% per year), given the potential removal of certain anti-inflammatory and pain medications from the market place by the FDA. As well, an aging population will likely have an impact on the orthopedic implant market growth rate.

####


About Raymor Industries
Raymor Industries (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

Copyright © Raymor Industries

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