RAYMOR INDUSTRIES INC.
TSX VENTURE : RAR

RAYMOR INDUSTRIES INC.

November 01, 2006 08:01 ET

Raymor Announces $600,000 Orders from Major US Orthopedic Implant Company with Potential for Larger Orders in 2007

MONTREAL, QUEBEC--(CCNMatthews - Nov. 1, 2006) - Raymor Industries Inc. (TSX VENTURE:RAR), a leading developer and producer of single-walled carbon nanotubes, nanomaterials and advanced materials, announced that its wholly-owned subsidiary, AP&C Advanced Powders and Coatings has received orders totalling $600,000 for the supply of its spherical titanium powders from a major US orthopedic implant company. The client, whose name cannot be disclosed due to confidentiality agreements in place, has issued monthly purchase orders with AP&C that will supply them with powders until the end of the first quarter, 2007. Monthly orders from this client will increase by 33% during the period of these current orders.

This client is exclusively using AP&C's titanium powder in a process which has received approval from the US Food and Drug Administration (FDA). As such, Raymor has commenced negotiations with this client for the supply of powders for the remainder of 2007. Information from the client indicates that monthly purchase orders will be renewed and substantially increased to a minimum of 100% over current levels for the rest of 2007.

Stephane Robert, President and CEO of Raymor Industries, who will discuss this announcement as part of a speech to be given today at the 3rd International Congress of Nanotechnology in San Francisco, California (www.ianano.org), had the following to say:

"Raymor has entered into its first long term supply commitment to an important client, in this case, in the biomedical field. The expansion of our powder production capacity, announced on October 5th, 2006, was absolutely necessary in order to meet our current commitments to this client. We are currently undertaking negotiations with other potential and current clients in aerospace, defence and biomedical sectors for the long-term supply of our metallic powders. The model of the relationship we have established with this client is similar to the approach which Raymor Nanotech is currently pursuing for the supply of the company's single-walled carbon nanotubes to various key companies in the aerospace, defence and energy fields."

AP&C's metallic powders, including titanium, Ti-6Al-4V alloy, and nitinol are produced using the patented Plasma Atomization Process. This globally unique process produces a highly pure metallic powder with an exceptional sphericity. These two properties allow AP&C's metallic powders to offer the best performance for aerospace, aeronautical, biomedical and defence applications. The patented Plasma Atomization Process, of which AP&C holds an exclusive, worldwide license, was developed at the beginning of the 90's at Hydro-Quebec's Shawinigan laboratory in collaboration with Noranda.

About Raymor Industries

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 two wholly-owned, industrial subsidiaries, Raymor Nanotech 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 ON RAYMOR INDUSTRIES, A NANOTECH 100 COMPANY, PLEASE VISIT: http://www.raymor.com

FOR MORE INFORMATION ON THE LIST OF NANOTECH 100 COMPILED BY IANANO, PLEASE VISIT: http://www.raymor.com/en/inthenews.htm

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