February 01, 2006 08:51 ET

Raymor Announces Nanotube Patent Award, Provides an Update on its Nanotube Production, and Reveals its Objectives for 2006 and Beyond at IBF Nanotech Investing Forum in Palm Springs, California

MONTREAL, QUEBEC--(CCNMatthews - Feb. 1, 2006) - Raymor Industries Inc. (TSX VENTURE:RAR), a leading developer and producer of single-walled carbon nanotubes, nanomaterials and advanced materials, made several announcements during a speech to participants at the 5th Annual Nanotech Investing Forum currently being held in Palm Springs, California.

Stephane Robert, President & CEO of Raymor Industries, presented an overview of the company to forum participants. During his presentation, Mr. Robert made several announcements, including the following:

- Canadian Patent CA 2,499,850 Method and Apparatus for
Producing Single Wall Carbon Nanotubes was recently granted by
the Canadian Intellectual Property Office. Raymor Industries
holds the exclusive, worldwide license to commercialize this
technology. The US patent application for this technology is
currently being reviewed and other patents will be filed soon.

- Our first high-capacity production unit of single-walled
carbon nanotubes (C-SWNT) will be operational by the end of
the first quarter of 2006. This production capacity will
increase to 10,000 grams/day during the 2nd quarter of 2006.

- Our high-capacity production of C-SWNT will allow Raymor to
conclude agreements with previously identified clients for
applications requiring high volumes of C-SWNT, such as
aerospace, defense and other high-tech applications. We
foresee considerable sales as of 2007.

- Objectives for 2006 and beyond were revealed, and include the
1. Rapidly complete the installation of our 10,000
g/unit/day production of C-SWNT, and prepare for the
installation of other production units to meet market

2. Conclude agreements for the sale of C-SWNT in high
volume applications, such as aerospace, defense and
high technology;

3. Complete the numerous qualifications underway to
increase our current sales with respect to our other
products and services (powders & coatings);

4. Position Raymor's C-SWNT production division in the US

5. Develop and acquire end-use applications using C-SWNT;

6. Establish a manufacturing facility in the US;

7. Identify potential nanotechnology acquisition targets
(technologies & companies).

"Conference goers are now well aware of our intention to become the largest producer of single-walled carbon nanotubes in the world," said Mr. Robert after his speech. "Our market research has confirmed what we have always thought, that C-SWNT are in demand for important market," added Mr. Robert.

The Nanotech Investing Forum, organized by IBF Conferences Inc., presents cutting-edge developments related to nanotechnology, determines the best nanotech opportunities & strategic initiatives; understands how nanotechnologies will make a dramatic impact on specific commercial applications and hears from and share ideas with the dealmakers in nanotech investing. This conference is specifically geared towards venture capitalists, private equity investors, corporate investors, institutional investors, technology transfer experts, licensing executives, university academia, government and corporate research scientists, emerging growth nanotechnology companies, and government agencies, with a key emphasis on investing and understanding what the most promising commercial applications are in nanotech.

About Raymor Industries

RAYMOR INDUSTRIES INC. (TSX-V: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. 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) 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.

Stephane Robert, President.

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