RAYMOR INDUSTRIES INC.
TSX VENTURE : RAR
September 14, 2005 08:30 ET
Raymor Receives an Order From EADS Composites Atlantic for its Single-Walled Carbon Nanotubes 'C-SWNT'
MONTREAL, QUEBEC--(CCNMatthews - Sept. 14, 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 received an order to deliver single-walled carbon nanotubes (C-SWNT) from EADS Composites Atlantic Ltd., a company from the EADS Group, the maker of Airbus passenger jets, Ariane rockets, and the Eurocopter helicopter.
EADS Composites Atlantic has earned a reputation as a leader in the design, testing, certification, and manufacture of advanced composites for the aerospace, space, defence, and commercial industries. The company is located in Nova Scotia and employs more than 200 employees.
The EADS Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter and MBDA, the international leader in missile systems. EADS is the major partner in the Eurofighter consortium, is the prime contractor for the Ariane launcher, develops the A400M military transport aircraft and is the largest industrial partner for the European satellite navigation system Galileo. The EADS Group generated revenues of Euro 31.8 billion in 2004.
"The order from EADS Atlantic Composites is a concrete example of current developments using single-walled carbon nanotubes in composite materials for aerospace applications," said Dr. Olivier Smiljanic, co-inventor of Raymor's single-walled carbon nanotubes production process.
"The addition of single-walled carbon nanotubes in composite materials will allow for the development of new materials which are lighter and stronger," adds Dr. Frederic Larouche, co-inventor of the process.
"The interest for our single-walled carbon nanotubes increases from week to week," said Stephane Robert, President of Raymor Industries. "Our 10,000 grams per day production capacity currently being installed is generating great interest from other companies on an international scale," adds Mr. Robert.
The need to make use of nanotechnology is immediate. A recent study indicates that 25 of the 30 companies on the Dow Jones Industrial Average Index (NYSE:DJI) are currently developing products using nanotechnology. As well, many of these companies will have a significant need for single-walled carbon nanotubes (C-SWNT) at the commercialization phase of these products.
According to BCC Research, the carbon nanotubes market will grow to US$232 million in 2006, and will experience an average annual growth of 173% over the next 5 years to reach US$35 billion. According to Lux Research, the nanotechnology industry may represent a market of US$2,600 billion within 10 years.
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.
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