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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 Sep 30, 2009 4:20pm
291 Views
Post# 16351488

RE: Government funding

RE: Government fundingAs Bronte4 mentioned, its from the AGM presentation, "Cymat request $2.5-5M" Government Funding page.
I didn't think much of this at the time, but if Cymat is involved in a large contract with considerable near-term deliverables they will need to ramp up and acquire production resources quickly, hence their business plan at the AGM indicates they are positioning for success and delivery with government assistance with EDC validation completed to fund the US military orders.
If you look at the MRAP contract awards, the US government was looking to get vehicles quickly and OshKosh could deliver. So one of the requirements for Cymat being a smaller company is to have a business plan / funding ramp-up plan in place to insure they can be an integration partner whether it is a retro-fit and/or new design opportunity.

Nice way to end a quarter for Cymat.......
Bullboard Posts