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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, Raymor Aerospace Inc. has received accreditation by Nadcap in accordance with SAE Aerospace Standard AS7003 for its coating services. The prestigious Nadcap accreditation is considered the ultimate approval of a quality supplier to the aerospace and defense industries.
Administered by the Performance Review Institute (PRI), Nadcap is a co-operative industry effort for quality assurance in the aerospace, defense and related industries throughout the world. Nadcap is a co-operative industry effort for quality assurance in the aerospace, defense and related industries throughout the world. The Nadcap organization consists of major prime contractors, suppliers and government agencies. Nadcap was originally the acronym NADCAP (National Aerospace and Defense Contractors Accreditation Program)-but was changed to Nadcap when it became international. Nadcap provides accreditation of subcontractors and suppliers of special processes to stringent aerospace standards in Coatings, Chemical Processing, Materials Testing Laboratory, Heat Treating, and other specialized fields.
Raymor Aerospace (AS9100:Rev.B and ISO 9001:2000) was founded in 2007 to address the growing need for HVOF (High Velocity Oxy Fuel) spray coating services on components for airplane landing gears and other commercial and military aircraft applications. With the recent acquisition of SE Techno Plus, Raymor Aerospace now offers a one-stop-shop to its aerospace and industrial sectors customers including expertise in the manufacturing, repair and precision grinding with super finishing.
Raymor Aerospace also offers other coatings services such as APS (Atmospheric plasma spray), VPS (Vacuum plasma spray) for biomedical, industrial and mining applications.
Canada is home to one of the largest concentration of landing gear OEMs and subcontractors in the world. HVOF spray coating has become the standard for landing gear coatings on the latest line of new commercial aircraft, including the Boeing 787 Dreamliner and Airbus A380. HVOF is also in the process of becoming standard on older model aircraft still in production, including the Boeing 737. HVOF spray coating is the best alternative technology for hard chrome plating, and is ideal for both the coating of new components and for the repair and overhaul of worn components.
Some data on the aerospace sector: This sector includes commercial, regional and business aeronautics, general and military aviation. The Airline Monitor estimates that the total market of commercial airplanes alone will reach $65.4 G in 2007. Also according to Airline Monitor, the two largest competitors being Boeing and Airbus should deliver a global total amount of approximately 925 commercial airplanes in 2007 and at June 30, 2007, had a combined order booking of 4,969 commercial airplanes. Boeing foresees that the aeronautic world fleet will double over the next twenty (20) years (until 2026), which should bring a demand of 28,600 new aeronautics during this period. According to Forecast International, the worldwide market of military airplanes should increase by $156 G between 2006 and 2015.
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.
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