Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button

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

Abstract:
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.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephane Robert, President.

For more information, please click here

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

or
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.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Nanoparticle versus cancer: Scientists have created nanoparticles which cure cancer harmlessly July 22nd, 2016

Quantum drag:University of Iowa physicist says current in one iron magnetic sheet can create quantized spin waves in another, separate sheet July 22nd, 2016

New Yale-developed device lengthens the life of quantum information July 22nd, 2016

RMIT researchers make leap in measuring quantum states July 21st, 2016

Nanotubes/Buckyballs/Fullerenes

Easier, faster, cheaper: A full-filling approach to making nanotubes of consistent quality: Approach opens a straightforward route for engineering the properties of single-wall carbon nanotubes July 19th, 2016

Sensing trouble: A new way to detect hidden damage in bridges, roads: University of Delaware engineers devise new method for monitoring structural health July 8th, 2016

Wireless, wearable toxic-gas detector: Inexpensive sensors could be worn by soldiers to detect hazardous chemical agents July 4th, 2016

Nanotubes' 'stuffing' as is: A scientist from the Lomonosov Moscow State University studied the types of carbon nanotubes' 'stuffing' June 2nd, 2016

Materials/Metamaterials

New reaction for the synthesis of nanostructures July 21st, 2016

Research team led by NUS scientists develop plastic flexible magnetic memory device: Novel technique to implant high-performance magnetic memory chip on a flexible plastic surface without compromising performance July 21st, 2016

Researchers discover key mechanism for producing solar cells: Better understanding of perovskite solar cells could boost widespread use July 21st, 2016

Graphene photodetectors: Thinking outside the 2-D box July 21st, 2016

Announcements

Nanoparticle versus cancer: Scientists have created nanoparticles which cure cancer harmlessly July 22nd, 2016

Quantum drag:University of Iowa physicist says current in one iron magnetic sheet can create quantized spin waves in another, separate sheet July 22nd, 2016

New Yale-developed device lengthens the life of quantum information July 22nd, 2016

Graphene photodetectors: Thinking outside the 2-D box July 21st, 2016

Aerospace/Space

Scientists move 1 step closer to creating an invisibility cloak July 15th, 2016

Bouncing droplets remove contaminants like pogo jumpers: Researchers at Duke University and the University of British Columbia are exploring whether surfaces can shed dirt without being subjected to fragile coatings July 7th, 2016

Russian physicists create a high-precision 'quantum ruler': Physicists have devised a method for creating a special quantum entangled state June 25th, 2016

Novel capping strategy improves stability of perovskite nanocrystals: Study addresses instability issues with organometal-halide perovskites, a promising class of materials for solar cells, LEDs, and other applications June 13th, 2016

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







Car Brands
Buy website traffic