RAYMOR INDUSTRIES INC.
TSX VENTURE : RAR
August 09, 2005 09:13 ET
Nanotechnology for Defense 2005 'Washington' Generates Many Requests for Raymor's Carbon Nanotubes
MONTREAL, QUEBEC--(CCNMatthews - Aug. 9, 2005) - Raymor Industries Inc. (TSX VENTURE:RAR) is proud to announce that the 2005 Nanotechnology for Defense conference, held from July 25th to July 27th, 2005, in Washington DC, was a great success for the company, confirming the very strong, immediate need for Raymor's single-walled carbon nanotubes (C-SWNT) . During this conference, the majority of decision makers from the US Military, as well as from other leading-edge companies were in attendance in order to discuss business. Raymor has received many requests for quotations for its single-walled carbon nanotubes, as well as many requests for samples from its current production. By the end of September, Raymor will supply these samples as well as a price list based on large production volumes. These requests come primarily from future clients in the military and aerospace fields.
The majority of groups present at this conference develop products based on nanotechnology, and are financed in whole or in part by the US program, National Nanotechnology Initiative (NNI). This program is managed by many federal agencies in the US, and has an available budget of more than US$1 billion annually. Among these agencies include the Department of Defense, the Department of Energy, NASA, the Department of Health, and others. NNI was launched in 2000 with the goal to promote the development of applications using nanotechnology, and has a budget of US$4.7 billion.
For example, thanks to nanotechnology, the group Institute for Soldier Nanotechnologies (ISN), who was present at the conference, has the definitive mandate to create a battlesuit which combines high-tech capabilities with the need for light weight, comfortable clothing. The ISN's challenge is to transform today's cotton/nylon fatigues and bulky equipment belts to a sleek, lightweight battlesuit that provides everything from responsive armor to medical monitoring to communications-and more-in one integrated system.
The use of nanotechnology will be important for military applications such as solar panels, coatings, batteries, electronics, sensors and artificial muscles.
Given the progression of work underway, Raymor expects to complete installation of its 10,000 gram/day single-walled carbon nanotubes (C-SWNT) production line this fall.
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 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 ON RAYMOR INDUSTRIES, PLEASE VISIT: www.raymor.com
FOR MORE INFORMATION ON NANOTECHNOLOGY AND ITS POTENTIAL, PLEASE VISIT: www.nanoquebec.ca
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