Raymor Industries Inc. (TSX VENTURE: RAR), a leading developer and producer of single-walled carbon nanotubes, nanomaterials and advanced materials, announces that its wholly-owned subsidiary, AP&C Advanced Powders and Coatings has received new orders totalling $520,000 for the supply of its spherical titanium (CP Ti) powders from a major US orthopedic implant company. The client, whose name cannot be disclosed due to confidentiality agreements in place, has issued monthly purchase orders with AP&C that will supply them with powders for the second quarter of 2007. Information from the client indicates that monthly purchase orders will be renewed at the same monthly levels for the remainder of 2007.
This client is exclusively using AP&C’s titanium powder in a process which has received approval from the US Food and Drug Administration (FDA). The new monthly purchase orders represent an increase of 167% over monthly order levels in the fourth quarter of 2006, much more than the 100% increase predicted in the November 1st, 2006 press release. The company expects the long-term relationship with this client to grow, and fully expects monthly order levels to increase in the coming years.
With the second metallic powder production unit operational next quarter, AP&C will be in an excellent position to meet additional demand for its CP Ti powders, as well as to put in place a significant production capacity of Ti-6Al-4V powders.
Stephane Robert, President and CEO of Raymor Industries, had the following to say:
“AP&C has already announced more than 12 clients in this division. In addition, the company has received several inquiries for the supply of product from the second metallic powder production unit to supply new distributors and clients in Asia, Europe and the USA.”
AP&C’s metallic powders, including CP Ti, Ti-6Al-4V, and Nitinol, are produced using the patented Plasma Wire Atomization (PWA) 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 aerospace, aeronautical, biomedical and defense applications.
About Raymor Industries
RAYMOR INDUSTRIES INC. (TSX VENTURE: RAR) has as its mission to become a leading developer of high technology for the production of single-walled carbon nanotubes, nanomaterials and other advanced materials for high value-added applications. Raymor Industries operates three wholly-owned, industrial subsidiaries, Raymor Nanotech, Raymor Aerospace and AP&C Advanced Powders and Coatings, specializing in nanotechnology and advanced materials, and comprising four 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.
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SOURCE: RAYMOR INDUSTRIES INC.