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Raymor’s process is 25 times more efficient, less hazardous, and less expensive to operate than any other existing technology in the world, while being non-polluting
Raymor Industries Inc. (TSX-V: RAR) is proud to announce that the commercial
production of single-walled carbon nanotubes (C-SWNT) has begun at its industrial facility in Montreal. Raymor’s
process is 25 times more efficient, less hazardous, and less expensive to operate than any other existing
technology in the world, while being non-polluting. This process was developed at the Institut Nationale de la
Recherche Scientifique – EMT.
Raymor plans to increase its current C-SWNT commercial production capacity using high-power plasma torches already installed at its plant. The minimum projected annual revenues for the next 12 months is CDN$1.0 million, CDN$5.0 million in 24 months, and CDN$10.0 million in 36 months. The projected revenues may significantly increase with the increased available production capacity from the plasma torches in place. Within 12 months, production throughput should reach rates of 10,000 grams per day. Raymor will use part of its C-SWNT production for the development of future applications both internally and with strategic, targeted partners.
“C-SWNT produced by our process are of an exceptional quality, and are combined in a way to generate a very unique product,” said Dr. Olivier Smiljanic, co-inventor of this process.
“Our product is beneficial for uses in numerous applications, including new generation batteries, semiconductors, nano-composite materials, or in the biomedical field,” highlights Dr. Frédéric Larouche, also co-inventor of the process.
“The impact of nanotubes in today’s society will be more important than the arrival of the transistor,” adds Dr. Smiljanic.
Dr. Smiljanic & Dr. Larouche already have begun working for Raymor on the installation of the second, high throughput C-SWNT production unit and on the development of new, innovative applications using C-SWNT. According to BCC Research, the carbon nanotubes market will reach US$231.5 million in 2006, with an average annual growth of 173% over the next 5 years.
For more information, visit www.raymor.com
About Raymor Industries:
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 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 21 patents throughout the world, with other patents pending.
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
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