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Raymor Receives Coating Contracts from Cooper Cameron Valves 'USA' and Geographe Energy 'Australia'

 

MONTREAL, QUEBEC--( April 21, 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 several contracts from
Cooper Cameron Valves (USA) and Geographe Energy (Australia) for its thermal
spray metal & ceramic coating services. These two companies are important
suppliers of severe service ball valves for the mining industry. They required
AP&C's high quality coatings for critical ball valve components.

AP&C has developed its expertise through a significant research & development
effort in the field of thermal spraying. This program was accomplished with
prestigious clients in the aerospace sector and required the purchase of a
Vacuum Plasma Spray (VPS) coating chamber at a cost of $2.5 million. This unit
is the only commercial VPS chamber in Canada. Furthermore, this program
included the development of nanocoatings onto critical components for the US
Navy.

"These contracts confirm the performance of our coatings on valves used in
extreme environments of high abrasion, corrosion, temperature, or wear," said
Mr. Stephane Robert, President of Raymor Industries and AP&C. "Our coatings
can be applied onto various other new or restored components in the mining
industry," added Mr. Robert.

AP&C is bidding on important mining projects currently underway, and intends to
introduce its VPS expertise to the aerospace sector. AP&C also offers other
coating services for the mining and aerospace sectors, including Atmospheric
Plasma Spray (APS) and High Velocity Oxyfuel (HVOF). Also, AP&C is presently
in the process of qualifying to become an approved supplier with other
important companies where large production volumes are anticipated for this
year.

AP&C's Thermal Spray Coatings Division aims to generate revenues in excess of
$4.0 million over the next 12 months with only one production shift. These
revenues may increase substantially with the addition of a second shift with
the existing equipment in place. Given the demand for AP&C coatings, this
second shift may happen this year.

According to Freedonia Group, a respected market analyst firm, the North
American market for coatings will grown at an annual rate of 4.8% until 2009,
to reach annual sales of US$4.8 billion.

The ceramic coatings segment of the market represented sales of US$1.1 billion
in 2004. According to BCC Research, a US research firm, this market should
grow at a rate of 7.6% to reach sales of US$1.6 billion in 2009.

The thermal spray segment of the ceramic coatings market, which Raymor & AP&C
service, is experiencing the strongest growth, with an annual rate of 8.6% from
2004 to 2009. This rate is almost double that of the coatings industry. The
North American sales in 2004 for ceramic thermal spray coatings was US$690
million, and should grow to US$1.04 billion by 2009.

Thermal spray represents 62.3% of the ceramic coatings market. It holds a
significant advantage over other techniques, such as physical vapour deposition
(PVD) and chemical vapour deposition (CVD). According to BCC, thermal spray
will continue to grow with respect to the competing technologies, reaching 65%
of the ceramic coatings market by 2009.

The aerospace segment of the ceramic coatings market represented sales of
US$574 million last year, and should reach US$904 million in 2009. This
represents an annual growth rate of 9.5%. The aerospace sector represents 52%
of the ceramic coatings market, which should grow to 57% by the end of the
decade.

The industrial coatings segment of the ceramic coatings market for corrosion
and wear protection represented sales of US$192 million in 2004. With an
annual growth rate of 4.4%, sales should reach US$201 million in 2009.

RAYMOR INDUSTRIES INC. (TSX-V:RAR) has as its mission to become 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) 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 21 patents throughout the world,
with other patents pending.

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

 

FOR FURTHER INFORMATION PLEASE CONTACT:
RAYMOR INDUSTRIES INC.
Raymond Fournel
Investor Relations
(514) 932-3485
Fax: (514) 932-3644
investor@raymor.com
www.raymor.com

 

www.nano-tsunami.com
This story has been adapted from a news release -
Diese Meldung basiert auf einer Pressemitteilung -
Deze tekst is gebaseerd op een nieuwsbericht -

 


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