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Home > News > Raymor Announces First Quarter 2006 Results

June 1st, 2006

Raymor Announces First Quarter 2006 Results

Abstract:
Raymor Industries Inc. (TSX VENTURE: RAR), a leading developer and producer of single-walled carbon nanotubes, nanomaterials and advanced materials, yesterday released its financial statements, along the company's Management Discussion and Analysis (MD&A) for the first quarter of 2006. Raymor, listed as a top 100 NANOTECH public company, posted revenues of $401,288, as compared to revenues of $250,000 over the same period in 2005.

"With respect to the revenues derived from our powders and coatings, division, we are satisfied with the overall results. However, the major milestone reached during this quarter was the installation of our first high capacity single-walled carbon nanotubes production unit. With this industrial production capacity, ramping up to 10,000 grams/day by the end of June 2006, Raymor will be in a position to conclude long-term agreements with previously targeted clients for aerospace applications." Stephane Robert, President and CEO of Raymor Industries

Source:
marketwire

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