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Raymor Industries Inc. (TSX VENTURE: RAR), a leading developer and producer of single-walled carbon nanotubes, nanomaterials and advanced materials, announces that its wholly-owned subsidiary, AP&C Advanced Powders and Coatings has commenced operations on its 2nd metallic powder production unit. As a result, AP&C has received new orders for the third and fourth quarter of 2007 totalling $1,230,000 for the supply of its spherical titanium (CP Ti) powders from a major US orthopedic implant company. With over $2,000,000 in orders for 2007 from this client, whose identity is protected by confidentiality agreements in place, indications are that orders from this client will be renewed, at a minimum, in 2008. Raymor continues to expect its long-term relationship with this client to grow, and fully expects order levels to increase again in the coming years. With the 2nd powder production unit in operation, Raymor is now in the position to double its production capacity to meet the growing needs of this client as well as additional demand from other clients.
This client is exclusively using AP&C's titanium powder in a process which has received approval from the US Food and Drug Administration (FDA). With the second metallic powder production unit now operating, AP&C will be in an excellent position to meet additional demand for its CP Ti powders, as well as to put in place a significant production capacity of Ti-6Al-4V powders.
Stephane Robert, President and CEO of Raymor Industries, had the following to say:
"These orders solidify our revenue stream for 2007 and beyond. We expect the long term relationship with this client to grow for many years to come. Given that this client only purchases a certain size fraction of our spherical CP Ti powder production, many new opportunities has been created for the introduction of our powders into different rapid manufacturing technologies for the aerospace and biomedical sectors. We have recently implemented a new sales infrastructure to aggressively pursue these new markets niches for the remaining CP Ti powders. as well as for Ti-6Al-4V powders, which could bring substantial revenues to the company. Results of this change should become apparent in the short term."
AP&C's metallic powders, including CP Ti, Ti-6Al-4V, and Nitinol, are produced using the patented Plasma Wire Atomization (PWA) Process. This globally unique process produces a highly pure metallic powder with an exceptional sphericity. These two properties allow AP&C's metallic powders to offer the best performance for aerospace, aeronautical, biomedical and defense applications.
About Raymor Industries Inc.
RAYMOR INDUSTRIES INC. (TSX VENTURE: RAR) has as its mission to become a leading developer of high technology for the production of single-walled carbon nanotubes, nanomaterials and other advanced materials for high value-added applications. Raymor Industries operates three wholly-owned, industrial subsidiaries, Raymor Nanotech, Raymor Aerospace and AP&C Advanced Powders and Coatings, specializing in nanotechnology and advanced materials, and comprising four divisions: (1) nanotechnology products, including nano-powders, nano-coatings, and single-walled carbon nanotubes (C-SWNT) for "the applications of tomorrow"; (2) thermal spray coatings, which largely targets military, aeronautical, aerospace, specialized industrial, 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 20 patents throughout the world, with other patents pending.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephane Robert, President.
FOR MORE INFORMATION ON RAYMOR INDUSTRIES, A NANOTECH 100 COMPANY AND LIST OF NANOTECH 100 COMPILED BY IANANO, PLEASE VISIT: http://www.raymor.com
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Raymor Industries Inc.
450-434-1004 ext.: 444
Toll Free: 888-734-1004
Raymor Industries Inc.
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