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MONTREAL -- 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). BOEING 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.
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.
Source: Raymor Industries
Inc.
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