Nanotechnology Now - Press Release: Raymor receives a strategic contract from Boeing

Home > Press > Raymor receives a strategic contract from Boeing

Abstract:
High purity powders to be used in aerospace applications

Raymor receives a strategic contract from Boeing for its titanium powder

Montreal | May 25, 2005

Raymor Industries Inc. is proud to announce that its wholly-owned industrial subsidiary, AP&C Advanced Powders & Coatings Inc. (AP&C) has concluded a contract for Titanium powder production with the Boeing Company (NYSE: BA). Beoing will use this unique powder, given its sphericity and its purity, for aerospace applications.

Thanks to AP&C’s patented plasma atomization process, these powders are of a high purity, with an exceptional sphericity, ideal for aerospace applications. The plasma atomization process was developed at the beginning of the 90’s at Hydro-Quebec’s Shawinigan laboratory, in collaboration with Noranda.

“This contract represents an important breakthrough in the aerospace sector for our metallic powders,” said Mr. Stéphane Robert, President of Raymor Industries and AP&C.

With other negotiations underway, AP&C foresees the installation of a second reactor in its facility, which could hold up to six units. The forecasted revenue from powder sales is in the order of $3.5 million per year, per reactor.

####

About Raymor Industries:
Raymor Industries Inc. (TSX-V:RAR) has as its mission to become the leading Canadian developer of high technology and a producer/recycler of advanced materials and nanomaterials for high value-added applications. In November 2004, Raymor Industries created a wholly-owned, industrial subsidiary, AP&C Advanced Powders and Coatings, specializing in nanotechnology and advanced materials, and comprising four operational divisions: (1) nanotechnology products, including nano-powders, nano-coatings, and single-walled carbon nanotubes (C-SWNT) for “the applications of tomorrow”; (2) metal and ceramic coatings, which largely targets aerospace, military, 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.

For more information, visit www.raymor.com

Contact:
Raymond Fournel
Investor Relations
Tel: 514-932-3485
Fax: 514-932-3644
investor@raymor.com

Copyright © Raymor Industries

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: