Raymor Signs Titanium Powder Supply Agreement
October 13, 2008
BOISBRIAND, Canada – Raymor Industries Inc., Boisbriand, Canada, a developer and producer of single-walled carbon nanotubes, nanomaterials and advanced materials, has announced that its wholly-owned subsidiary, AP&C Advanced Powders and Coatings, has signed a titanium powder supply agreement with a new international European-based client. The deal will generate sales of a minimum of $1,000,000 per year for 2008 and 2009. This client, whose identity is protected by a confidentiality agreement in place, has developed applications for AP&C powders primarily to serve the biomedical and aerospace sectors. Raymor expects its long-term relationship with this client to grow in the coming years. With a second powder production unit in operation, coupled with its process optimization work, Raymor has more than doubled its production capacity to meet the growing needs of this new client as well as additional demand from other clients.