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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 May 26, 2009 11:03pm
284 Views
Post# 16018590

RE: General Dynamics - Stryker Armor

RE: General Dynamics - Stryker Armor

The Stryker vechicle is a variant of the LAV platform (Light Armour Vechicle) made by General Dynamics Land Systems. The Cymat website military vechicle that is illustrated is the Coyote (LAV variant) and also noted in the Cymat Investor presentation.

This NR was interesting since it was basically promoting a contract between companies that are all part of General Dynamics, probably part of an earlier government contract to deliver retrofits for the Stryker familiy. The contract objective is to qualify and produce the tile sets for delivery beginning in March 2010. 

Some other potential links to Cymat are the Israel OEM partner mentioned and an Israel OEM (current global client) referenced in the Cymat Investor presentation, along with the reference to a US miliary preproduction contract for June 2009 as a milestone. IMO, the timing of this makes sense in the scheme of things from what we are aware of and the need to incorporate an increased level of equipment and troop protection with retrofits as the priority.

GD-ATP website also lists building protection systems as a products for blast protection. The GD-ATP website news releases also mentions a May 7th NR as part of an earlier contract to provide armour tile sets for the Bradley Fighting vechicle as well with the same players.

 

Bullboard Posts