Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

android tablet pc

Home > Press > SE Techno Plus, Division of Raymor Aerospace, Receives AS 9100 Certification and Negociation Asset-Backed Lender for Financing

Raymor Industries Inc. (TSX VENTURE:RAR), a leading developer and producer of single-walled carbon nanotubes, nanomaterials and advanced materials, announces that SE Techno Plus, a division of Raymor Aerospace, has received AS 9100 certification for its operations, which consists of the manufacturing, repair and precision grinding of aerospace and industrial components. The AS 9100 certification of the division's quality system, achieved after intense auditing, is another major milestone and a prerequisite in becoming an approved supplier to the major aerospace Original Equipment Manufacturers (OEMs). With SE Techno Plus' AS 9100 certification, coupled with the AS 9100 and Nadcap certifications achieved by its Thermal Spray Coating division, Raymor Aerospace will become an important supplier of thermal spray coating services to the aircraft landing gear industry in the aerospace sector. Furthermore, Raymor Aerospace intends to add more processes in order to provide the landing gear OEMs with a strategic "one-stop shop" for its coating, grinding, surface treatment, and testing.

SE Techno Plus, Division of Raymor Aerospace, Receives AS 9100 Certification and Negociation Asset-Backed Lender for Financing

BOISBRIAND, QUEBEC, CANADA | Posted on November 22nd, 2008

AS 9100 is an ISO 9001 based set of standards that addresses the stringent quality requirements of the aerospace industry, from commercial aviation to defense. Certification against AS 9100 standard requirements can be applied to virtually any area of the aerospace industry throughout the entire supply chain. It covers areas such as design and manufacture of equipment, aircraft accessory supply, replacement parts, supply and maintenance, overhaul and repair services.

SGS Canada certified both SE Techno Plus and Raymor Aerospace's Thermal Spray Coating division to the AS 9100 standards. SGS is the world's leading inspection, verification, testing and certification company. With more than 48,000 employees, SGS operates a network of over 1,000 offices and laboratories in 75 countries around the world.

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

"With the accreditation of these two divisions, Raymor Aerospace has crossed another important phase in its plan to offer a one-stop-shop to its aerospace and industrial customers. Raymor Aerospace's customers are demanding more and more that their coating manufacturers include service of precision grinding."

Raymor Industries also announces that it has entered into a Term Sheet with an asset-backed lender to establish the necessary credit facilities to support its operations. The proposed facility, currently being negotiated, will replace most banking arrangements required for Raymor's operations, in particular those of Raymor Industries Inc. and SE Techno Plus. In addition, the company's subsidiary, S.E. Techno Plus Inc. has entered into a stand-still agreement with its Bank whereby S.E. Techno Plus and its Bank will collaborate in a restructuring of the business in order to ensure its continued viability. The Bank has accepted to tolerate a default to the existing credit facility and the company has worked with the bank on reducing the term loan balance from 1.8 M$ to 1.3 M$. With respect to Raymor Industries inc., its principal financial institution has also agreed to the proposed replacement of the existing credit facility, by way of the offer from the asset-backed lender, the whole subject to certain conditions. In light of this it is also proposing a stand-still agreement with respect to outstanding defaults to existing credit facilities.

Furthermore, Raymor Industries Inc. is confirming having closed its private placement at $819,200 for a total of 4,551,111 units instead of $1,021,200 as previously announced on November 3rd 2008. Conditions attached to this private placement have remained unchanged.


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.


Stephane Robert, President.

For more information, please click here

Raymor Industries Inc.
Investor Relations:
450-434-1004 ext. 444
450-434-1300 (FAX)

Raymor Industries Inc.
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.

Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Sopping up proteins with thermosponges: Researchers develop novel nanoparticle platform that proves effective in delivering protein-based drugs October 22nd, 2014

Brookhaven Lab Launches Computational Science Initiative:Leveraging computational science expertise and investments across the Laboratory to tackle "big data" challenges October 22nd, 2014

Bipolar Disorder Discovery at the Nano Level: Tiny structures found in brain synapses help scientists better understand disorder October 22nd, 2014

NIST offers electronics industry 2 ways to snoop on self-organizing molecules October 22nd, 2014


Materials for the next generation of electronics and photovoltaics: MacArthur Fellow develops new uses for carbon nanotubes October 21st, 2014

Special UO microscope captures defects in nanotubes: University of Oregon chemists provide a detailed view of traps that disrupt energy flow, possibly pointing toward improved charge-carrying devices October 21st, 2014

Imaging electric charge propagating along microbial nanowires October 20th, 2014

Beyond LEDs: Brighter, new energy-saving flat panel lights based on carbon nanotubes - Planar light source using a phosphor screen with highly crystalline single-walled carbon nanotubes (SWCNTs) as field emitters demonstrates its potential for energy-efficient lighting device October 14th, 2014


Researchers patent a nanofluid that improves heat conductivity October 22nd, 2014

Materials for the next generation of electronics and photovoltaics: MacArthur Fellow develops new uses for carbon nanotubes October 21st, 2014

Super stable garnet ceramics may be ideal for high-energy lithium batteries October 21st, 2014

Could I squeeze by you? Ames Laboratory scientists model molecular movement within narrow channels of mesoporous nanoparticles October 21st, 2014


NanoTechnology for Defense (NT4D) October 22nd, 2014

Mechanism behind nature's sparkles revealed October 22nd, 2014

TARA Biosystems and Harris & Harris Group Form Company to Improve Safety and Efficacy of New Therapies October 22nd, 2014

Researchers patent a nanofluid that improves heat conductivity October 22nd, 2014


Removal of Limitations of Composites at Superheat Temperatures October 20th, 2014

1980s aircraft helps quantum technology take flight October 20th, 2014

Electrically conductive plastics promising for batteries, solar cells October 10th, 2014

Fast, cheap nanomanufacturing: Arrays of tiny conical tips that eject ionized materials could fabricate nanoscale devices cheaply October 4th, 2014

The latest news from around the world, FREE

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

Nanotechnology Now Featured Books


The Hunger Project

© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE