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Cymat Technologies Ltd V.CYM

Alternate Symbol(s):  CYMHF

Cymat Technologies Ltd. is a manufacturing company. The Company holds licenses and related patents to manufacture and sell Stabilized Aluminum Foam (SAF), a cellular metallic material. SAF is produced utilizing a process in which gas is bubbled into molten alloyed aluminum containing a dispersion of fine ceramic particles to create foam, which is then cast into strong, lightweight panels and shapes. The Company is manufacturing SAF for use in architectural, blast mitigation and energy absorption applications. It develops applications for use in the automotive and industrial markets. Its divisions include SmartMetal and Alusion. Its SmartMetal stabilized aluminum foam products are effective at absorbing an amount of energy in a lightweight and recyclable package. SAF is used in such industries as architectural design, military and automotive. It markets its architectural SAF under the Alusion brand and its automotive and military SAF under the SmartMetal brand.


TSXV:CYM - Post by User

Bullboard Posts
Comment by go4futureon Nov 18, 2008 1:17pm
184 Views
Post# 15593272

RE: Not Concerned About Lack of Insider Buying

RE: Not Concerned About Lack of Insider BuyingI agree, this announcement was a confirmation by GF of sustained/increased interest by OEMs of SAF technology solutions. Good time for GF to be trying to make more inroads in the USA with the BIG 3 automakers with light-weight auto part solutions as well as Europe.
This NR also confirms Cymat's previous claims that the OEM(s) were very interested in pursuing SAF technology for other part solutions, so the first prototype was useful since it was an industry first and set the baseline for what the technology can be best used by the OEMs at this point in time and quickly.

A Triple Play is still in effect with SAF, Architectual (high profile accounts, $400K revenue, many bids), Automobile (more prototypes, OEM interest, has to be some revenue associated), and Blast Mitigation (waiting to hear soon).
Bullboard Posts