RAYMOR INDUSTRIES INC.
TSX VENTURE : RAR
June 14, 2005 09:41 ET
Raymor's Presentation in New York City is a Success
MONTREAL, QUEBEC--(CCNMatthews - June 14, 2005) - Raymor Industries Inc. (TSX VENTURE:RAR) successfully presented its company to the US business and investment community at NanoBusiness 2005, a leading nanotechnology conference held on May 22nd-25th 2005 at the Marriott Financial Center in lower Manhattan, New York City. Representatives from Raymor Industries, including Mr. Stephane Robert, President and CEO of Raymor, met with important American business leaders, including leading analysts, bankers and fund managers in the nanotechnology sector. Mr. Robert also presented the company and its nanotechnology products and services as part of the conference's Investor Forum on May 25th 2005.
The interest in the US for a company like Raymor, with a market cap of CDN$40 million, is large. "If we compare Raymor to other companies on the various US-based nanotechnology indices (ex. Merrill Lynch, Lux Research, Punk Ziegel, Newbridge), comparable companies have a market cap of up to US$250 million," said Mr. Robert, following the conference. "NanoBusiness 2005 has laid the ground work for future meetings in June and July with US institutions and funds, with the objective of having a US market presence," added Mr. Robert.
Presently, several different business proposals have already been received from different US financial groups, with many discussions currently underway.
In other news, Raymor announces that it has granted in May, 2005 1,050,000 options to employees, directors and consultant at an exercise price of $0.34. These options are valid for a period of 5 years. Of these options, 300,000 were granted to three directors of Raymor.
RAYMOR INDUSTRIES INC. (TSX-V: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) 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 20 patents throughout the world, with other patents pending.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephane Robert, President.
FOR MORE INFORMATION ON RAYMOR INDUSTRIES, PLEASE VISIT: www.raymor.com
FOR MORE INFORMATION ON NANOTECHNOLOGY AND ITS POTENTIAL, PLEASE VISIT: www.nanoquebec.ca
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