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Home > Press > Raymor Receives Coating Contracts

Abstract:
AP&C Advanced Powders and Coatings Inc. (AP&C) received contracts from Cooper Cameron Valves (USA) and Geographe Energy (Australia) for its thermal spray metal & ceramic coating services

Raymor Receives Coating Contracts from Cooper Cameron Valves (USA) and Geographe Energy (Australia)

Montreal | April 21, 2005

Raymor Industries Inc. (TSX-V: 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. Stéphane 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.

####

About Raymor Industries Inc.
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 nanopowders, 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.

Additional information about Raymor Industries can be found at www.raymor.com

Additional information about nanotechnology and its potential can be found at www.nanoquebec.ca.


Contact:
Raymond Fournel – Investor Relations
Tel: 514-932-3485
Fax: 514-932-3644
E-mail: investor@raymor.com

Copyright © Raymor Industries

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