RAYMOR INDUSTRIES INC.

RAYMOR INDUSTRIES INC.

March 17, 2005 09:00 ET

Raymor Receives a Contract from Turbomeca (SNECMA Group - Aerospace Sector) and Becomes an Approved Supplier


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RAYMOR INDUSTRIES INC.

TSX VENTURE SYMBOL: RAR

MARCH 17, 2005 - 09:00 ET

Raymor Receives a Contract from Turbomeca (SNECMA
Group - Aerospace Sector) and Becomes an Approved
Supplier

MONTREAL, QUEBEC--(CCNMatthews - March 17, 2005) - Raymor Industries
(TSX VENTURE:RAR) is proud to announce that its wholly-owned, industrial
subsidiary, AP&C Advanced Powders and Coatings Inc. (AP&C) has received
a contract from Turbomeca, a SNECMA Group aerospace company, to provide
metallic coating services for helicopter turbine engine components. AP&C
won the contract after having undergone an approval process for its
anti-wear metallic coating production unit and its quality management
system. As a result, AP&C becomes an approved supplier for Turbomeca, a
division of the large aerospace company, SNECMA Group.

"This contract with Turbomeca is very important, because it represents
for our company a source of recurring revenue for products & services of
high added value and a breakthrough in the aeronautical sector,"
highlights Mr. Stephane Robert, President of Raymor Industries.

With its current client base, its anticipated accreditations from
targeted companies, and its current production capacity for one shift,
AP&C targets generating revenues of up to CDN$4 million over the next
twelve months from its Metal & Ceramic Coatings Division. This capacity
may increase with the addition of more shifts, without additional
investment in equipment. This division has highly-specialized equipment
for the operation of processes, such as HVOF (High Velocity Oxyfuel),
APS (Atmospheric Plasma Spray), VPS (Vacuum Plasma Spray), the
analytical labs, and a highly-skilled workforce for the production and
development of new nano and conventional coatings. The goal of AP&C is
to become a leader in metal and ceramic coatings in sectors such as
aerospace, mining, power turbines, and other industries with specialized
equipment.

"AP&C's expertise in thermal spray coatings is very appealing for the
Canadian Aerospace sector. AP&C is currently attracting the attention of
many industrial leaders both in Quebec and abroad, in this area; and I
believe that AP&C's technology represents a significant competitive
advantage for Quebec," adds Mr. Michel Baril, well-known in the
aerospace sector and a member of Raymor Industries Board of Directors.

Analysts from the renowned Freedonia Group evaluated the anti-wear
coatings market to be US$1.52 billion in 1999 and US$1.68 billion in
2004. They anticipate a steady annual growth rate of 6.3% for this
market, which should lead to sales of more that US$2.27 billion in 2009.

"As well, the current trend towards raw material cost reductions will
make thermal spray coatings more and more affordable, allowing this type
product to penetrate existing, untapped markets, such as industrial
equipment and heavy machinery. This is why we anticipate a strong growth
in demand for AP&C products," concludes Mr. Robert.

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) metal and ceramic coatings, which largely targets
aerospace, military, and mining applications; (2) spherical metallic
powders, primarily used for biomedical and aerospace applications; (3)
nanotechnology products, including nano-powders, nano-coatings, and
carbon nanotubes for "the applications of tomorrow"; 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 20 patents throughout the world.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephane Robert, President.

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 (NEW)
    (514) 932-3644 (NEW) (FAX)
    investor@raymor.com
    www.raymor.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.