Nanotechnology Now





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Raymor Signs Titanium Powder Supply Agreement With New European Client for a Minimum of $1,000,000/Yr for 2008 & 2009

Abstract:
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 signed a titanium powder supply agreement with a new international European-based client, which will generate sales of a minimum of $1,000,000 per year for 2008 and 2009. This client, whose identity is protected by a confidentiality agreement in place, has developed applications for AP&C powders primarily to service the biomedical and aerospace sectors. Raymor expects its long-term relationship with this client to grow in the coming years. Orders received to date by AP&C which are deliverable in 2008 amount to $3.5 million, as compared to $2.5 million for all of 2007. With qualifications underway with new clients, more orders are expected before the end of this year. Also, with the 2nd powder production unit in operation, coupled with its process optimization work, Raymor has now more than doubled its production capacity to meet the growing needs of this new client as well as additional demand from other clients.

Raymor Signs Titanium Powder Supply Agreement With New European Client for a Minimum of $1,000,000/Yr for 2008 & 2009

BOISBRIAND, QUEBEC, CANADA | Posted on October 7th, 2008

Stephane Robert, President and CEO of Raymor Industries, had the following to say:

"Since AP&C signed its first large volume contract with a major US orthopedic implant company, AP&C has been receiving many interest for its unique, high-quality titanium powders. This new international, European-based client is a very positive addition to our list of clients because they develop different applications for international clients in the aerospace and biomedical industry with AP&C powders. The potential for increased business volume from this new client is excellent."

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.

Also, as mentioned in our September 2nd, 2008 press release, Raymor is currently negotiating financing alternatives with different lenders and investors in order to secure the funds required for its ongoing operations including factoring arrangements. With regards to these financing alternatives, a private placement of between $1 million to $2 million at the best market conditions available is currently being negotiated. As well, factoring agreement facilities based on raw materials, inventory, and purchase orders is also presently being negotiated.

####

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.

(VERSION FRANCAISE SERA DISPONIBLE SUR LE SITE WEB DE RAYMOR)

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information, please click here

Contacts:
Investor Relations:
450-434-1004 ext. 444
1-877-734-1004
450-434-1300 (FAX)

or
Media Relations:

Copyright © Marketwire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Discovery of nanotubes offers new clues about cell-to-cell communication July 2nd, 2015

Nanospiked bacteria are the brightest hard X-ray emitters July 2nd, 2015

Engineering the world’s smallest nanocrystal July 2nd, 2015

Producing spin-entangled electrons July 2nd, 2015

Nanotubes/Buckyballs/Fullerenes

Discovery of nanotubes offers new clues about cell-to-cell communication July 2nd, 2015

NIST Group Maps Distribution of Carbon Nanotubes in Composite Materials July 2nd, 2015

NIST ‘How-To’ Website Documents Procedures for Nano-EHS Research and Testing July 1st, 2015

Cellulose from wood can be printed in 3-D June 17th, 2015

Nanomedicine

Iranian Scientists Find Simple, Economic Method to Synthesize Antibacterial Nanoparticles July 2nd, 2015

Leti Announces Launch of First European Nanomedicine Characterisation Laboratory: Project Combines Expertise of 9 Partners in 8 Countries to Foster Nanomedicine Innovation and Facilitate Regulatory Approval July 1st, 2015

Carnegie Mellon chemists characterize 3-D macroporous hydrogels: Methods will allow researchers to develop new 'smart' materials June 30th, 2015

Chitosan coated, chemotherapy packed nanoparticles may target cancer stem cells June 30th, 2015

Announcements

Nanospiked bacteria are the brightest hard X-ray emitters July 2nd, 2015

Engineering the world’s smallest nanocrystal July 2nd, 2015

Producing spin-entangled electrons July 2nd, 2015

NIST Group Maps Distribution of Carbon Nanotubes in Composite Materials July 2nd, 2015

Aerospace/Space

Discovery paves way for new kinds of superconducting electronics June 22nd, 2015

Deben reports on how the University of Portsmouth use in situ µXCT compressive testing to help answer how materials respond to complex loading conditions June 17th, 2015

Slip sliding away: Graphene and diamonds prove a slippery combination June 10th, 2015

Ultrafast heat conduction can manipulate nanoscale magnets June 8th, 2015

New-Contracts/Sales/Customers

Oxford Instruments’ TritonXL Cryofree dilution refrigerator selected for the Oxford NQIT Quantum Technology Hub project June 30th, 2015

Centre for Process Innovation pilots Beneq’s breakthrough roll-to-roll ALD system for moisture barrier films June 3rd, 2015

Argonne chooses Beneq’s TFS 500 Atomic Layer Deposition System: Modularity and flexibility make for a natural choice May 14th, 2015

New JEOL E-Beam Lithography System to Enhance Quantum NanoFab Capabilities May 6th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project