RAYMOR INDUSTRIES INC.
TSX VENTURE : RAR
October 18, 2005 08:30 ET
Raymor Penetrates the Rapid Prototyping Market With the Sale of a new Titanium Powder to EOS GmbH 'Germany'
MONTREAL, QUEBEC--(CCNMatthews - Oct. 18, 2005) - Raymor Industries Inc. (TSX VENTURE:RAR) is proud to announce that its wholly-owned subsidiary, AP&C Advanced Powders and Coatings Inc. (AP&C) has penetrated another market with the sale of a new product, spherical Ti-6Al-4V powder, a titanium alloy, to EOS GmbH. EOS is a German-based manufacturer of laser-sintering equipment, a rapid prototyping and manufacturing technology, serving the aerospace, automotive, and electronics industries. Furthermore, EOS is looking at AP&C to fulfill a need for high quality, high purity spherical titanium alloy powder with its growing list of international clients.
EOS is the world leading manufacturer of laser-sintering systems. Laser-sintering is the key technology for the fast, flexible and cost effective production of products, patterns or tools for every phase of the product life cycle directly from electronic data. Innovative companies from different sectors are using sintering systems to accelerate their product development and to optimize their production processes. The list of EOS customers includes well-known companies such as BMW, Boeing, DaimlerChrysler, Ford, Nokia, Philips, Pioneer, Porsche, Sharp, Siemens VDO, Toyota, VW, and Volvo. Last year, EOS earned more than Euro 43 million in revenues and has experienced an average annual growth rate of 22% over the last 5 years.
AP&C's metallic powders 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 rapid prototyping and manufacturing 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.
"Having an exceptional, patented technology such as Plasma Atomization allows us to provide diversified products such as spherical titanium CpTi and Ti-6Al-4V powders, enabling AP&C to penetrate new growth-oriented markets, such as rapid prototyping, injection molding and biomedical " said Stephane Robert, President of Raymor Industries. "Entering the European market with our titanium powders is also an important step for Raymor," adds Mr. Robert.
According to the Wohlers Report 2005, an industry-recognized progress report on the rapid prototyping, tooling, and manufacturing state of the industry, the 2004 worldwide market for additive fabrication, consisting of all products and services, grew to $705.2 million, up an impressive 33.3% from 2003.
RAYMOR INDUSTRIES INC. (TSX VENTURE: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) 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release