June 30, 2006 – Raymor Industries Inc. (TSX VENTURE: RAR), a developer and producer of single-walled carbon nanotubes, nanomaterials and adanced materials, announced that the company’s wholly-owned subsidiary, Raymor Nanotech, has begun producing single-walled carbon nanotubes (C-SWNT) from its high capacity production unit.
With the unit in production (which is designed to produce 10,000 grams/day), the company said it is currently meeting with potential clients in order to secure long-term agreements for the supply of Raymor’s C-SWNT for use initially in the aerospace and defense sectors. With these agreements, Raymor said it intends to install additional production units.