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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
Post by go4futureon Jun 02, 2009 8:39am
478 Views
Post# 16035778

$5B CDN Military Approval Pitch...

$5B CDN Military Approval Pitch...Today as reported in the Ottawa Citizen....$5B purchase pitched to cabinet for approval as package....

https://www.ottawacitizen.com/news/todays-paper/Somnia/1653152/story.html

Military wants $5B for army's fleet

Close-combat vehicle, LAV-3 upgrades sought

The Defence Department is ready to make a pitch to cabinet for its approval to purchase $5 billion worth of new armoured vehicles.

The proposal comes about six months later than planned, and two months after the head of the army, Lt.-Gen. Andrew Leslie, warned that many of the army's vehicles had been worn out or destroyed by the Afghan war.

The Defence Department has been working on the proposal since last fall and is hoping to get the OK on the projects before Parliament breaks for the summer.

The plan proposes the purchase of what is being called a close-combat vehicle, which would be used to accompany the army's Leopard 2 tanks. The proposal also calls for the purchase of a new armoured tactical patrol vehicle and an upgrade of the existing LAV-3 armoured vehicle fleet.

The package would be bundled together with the Conservatives being asked to approve all three at once.

Late last year, Leslie said the purchase of the new vehicles could be used as part of the government's economic stimulus. In particular, the upgrades of the light armoured vehicles would be attractive to the Conservatives since that work would likely be done at General Dynamics Land Systems Canada facilities in London, Ont. and Edmonton.

The rest of the vehicle purchases would likely be from foreign firms, with industrial input from Canadian companies.

Some firms, such as DEW Engineering of Ottawa, have already joined forces with BAE Systems of Britain in anticipation of the close combat vehicle program.

Asked to comment on the armoured vehicle package, Jay Paxton, Defence Minister Peter MacKay's press secretary, said the minister's office does not discuss cabinet business.

At a recent Senate defence committee meeting, Leslie noted that the LAV-3 fleet had been depleted because of the wear and tear in Afghanistan.

Those comments before the committee echoed Leslie's views presented in his strategic assessment report, sent to the government last year and obtained by the Citizen. In that document, he warned that Canada's army was stretched almost to the breaking point and replacement equipment for Afghanistan had long been used up.

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