RAYMOR INDUSTRIES INC.

RAYMOR INDUSTRIES INC.

March 30, 2005 09:30 ET

Raymor Industries Inc./World's Unique Plasma Process for Single-Walled Carbon Nanotube 'C-SWNT' Production: A Green Technology in Response to the Kyoto Protocol


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RAYMOR INDUSTRIES INC.

TSX VENTURE SYMBOL: RAR

MARCH 30, 2005 - 09:30 ET

Raymor Industries Inc./World's Unique Plasma Process
for Single-Walled Carbon Nanotube 'C-SWNT' Production:
A Green Technology in Response to the Kyoto Protocol

MONTREAL, QUEBEC--(CCNMatthews - March 30, 2005) - Raymor Industries
Inc. (TSX VENTURE:RAR) is proud to announce the signing of an agreement
with the Institut National de la Recherche Scientifique (INRS), whereby
Raymor has acquired the exclusive worldwide rights for the
commercialization of a new technology for the production of
single-walled carbon nanotubes (C-SWNT), based on a plasma process,
unique in the world. This process is 25 times more efficient, less
dangerous, and less costly than any other existing technologies in the
world. Environmentally, this process is non-polluting (green technology)
and helps Canada meets its commitments with respect to the Kyoto
Protocol. BCC Research estimates that global sales of carbon nanotubes
will reach US$231.5 million in 2006, with an average annual growth rate
of 173% over the next 5 years.

Raymor plans to increase its current C-SWNT production capacity by using
larger power plasma torches already installed at its plant. The minimum
revenue forecasted for the next 12 months is CDN$1.0 million, with
CDN$5.0 million in 24 months, and CDN$10 million in 36 months. As well,
revenues may dramatically increase with increased available capacity
from the production units actually in place. The capacity installed in
the plant will allow for a production rate in the order of 10,000
grams/day in the next 12 months. Also, Raymor will use a large portion
of its production to develop future applications with targeted strategic
partners.

Presently, the market price of C-SWNT fluctuates around US$500/gram.
This elevated price is primarily due to the very high production costs
of the processes used by the competition for the production of similar
quality C-SWNT. Given the very high efficiency of the Raymor process,
the company anticipates offering its C-SWNT at more reasonable prices,
while grabbing a large portion of the global market. The lower price and
higher availability will facilitate the rapid integration of C-SWNT in a
large number of future applications.

Raymor's unique process uses a plasma torch to produce large quantities
of high quality C-SWNT based on methane gas as the raw material. These
nanotubes (C-SWNT) are 100 times stronger than steel at 1/6 th the
weight, are able to withstand high temperatures, and are extremely
conductive. C-SWNT can be used for countless technology innovations,
such as chemical sensors, structural reinforcement, electrical sensors,
fuel cells, portable X-ray machines, extremely lightweight and strong
fabrics, artificial muscles and lightweight components of cars and
spacecraft, as well as a multitude of other applications.

This revolutionary process is highly sustainable because it uses
methane, a greenhouse gas abundantly available worldwide, and it
produces C-SWNT and hydrogen. Hydrogen is a secure emission-free fuel
for heat and electricity production or even next-generation vehicles. It
is important to note that the destruction of methane enables Raymor to
support Canada's efforts in meeting its
commitment to the Kyoto Protocol.

In comparison with the Raymor process, the three other known processes
used by competitors for single-walled nanotube production (C-SWNT) have
a low production efficiency, a high operating cost, and/or use a
dangerous combination of high pressure, high temperature and toxic
carbon monoxide (CO).

"There is no question that single-walled carbon nanotubes will have
enormous impact on our lives. This new process makes it easier and safer
to produce the high quality nanotubes needed for breakthrough
technologies," said Stephane Robert, President of Raymor Industries Inc.
"Manufacturers around the world are looking for sustainable and
efficient ways to incorporate nanotechnology into their products. We've
brought them one step closer with this Raymor process," adds Mr. Robert.

Scientific breakthrough has been developed at the INRS-EMT (Montreal)

The development of Raymor's process started in 1999. A proof of concept
of the process was conducted in 2000. From that point, it took five
years to optimize the process, and ready it for large-scale production.

"We've waited a long time to see our innovation enter real-world
production and, thanks to Raymor, we are happy that manufacturers around
the world will benefit from the extraordinary properties of
single-walled carbon nanotubes, produced using an efficient and
environmentally-friendly process," said Dr. Barry Stansfield from INRS.

RAYMOR INDUSTRIES INC. (TSX-V:RAR) has for mission to be the largest
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 21 patents
throughout the world, with other patents pending.


ON BEHALF OF THE BOARD OF DIRECTORS

Stephane Robert, President.



FOR MORE INFORMATION ON INRS, PLEASE VISIT THE FOLLOWING SITE:
www.emt.inrs.ca

FOR MORE INFORMATION ON NANOTECHNOLOGY AND ITS POTENTIAL, PLEASE VISIT
THE FOLLOWING SITE: www.nanoquebec.ca

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Raymor Industries Inc.
    Raymond Fournel
    Investor Relations
    (514) 932-3485
    (514) 932-3644 (FAX)
    investor@raymor.com
    www.raymor.com
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    or accuracy of this release.