Sept. 28, 2006 — Raymor Industries Inc., a Montreal, Quebec, developer and producer of single-walled carbon nanotubes, nanomaterials and advanced materials, announced that its wholly-owned subsidiary, Raymor Nanotech Inc., has received an initial order for the supply of single-walled carbon nanotubes from a major US firm who is one of the 30 companies that form part of the Dow Jones Industrial Average.

The company said this initial order will be completed and shipped during the next fiscal quarter. Raymor said the client, who was not named, has the capabilities and experience to help integrate Raymor’s nanotubes into end-use products, such as composite components for aircraft. This initial order is for the purposes of qualifying Raymor as a supplier of nanotubes and is not of a material importance from a financial perspective. However, Raymor said that it does expect that upon qualification, such a client will be able to generate significant demand for its single-walled carbon nanotubes.