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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

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Post by red_baronon Jun 24, 2010 11:01am
400 Views
Post# 17217879

U.S. bid for new GCV on track

U.S. bid for new GCV on trackWASHINGTON, June 24 (UPI) -- A small and relatively unknown company has filed a complaint linked to a U.S. Army tender for the development of a new ground combat vehicle.

https://www.upi.com/Business_News/Security-Industry/2010/06/24/US-bid-for-new-GCV-on-track/UPI-19731277383922/

Advanced Defense Vehicle Systems filed the protest with the Government Accountability Office but officials said the complaint was unlikely to setback U.S. Army's September plan to award contracts this summer for the new combat vehicle program.

The small Michigan-based company known by its acronym ADVS said in a statement that it had "submitted a proposal that offered proven technology developed by ADVS and its subcontractors that would provide the Army with an innovative, maneuverable vehicle offering an extraordinary level of crew protection."

Still, the ADVS proposal was rejected on grounds of what Defense News claimed to unmet requirements set by the U.S. Army. Until that rejection, ADVS was among four companies bidding for a piece of the program.

All proposals for the first phase of the combat vehicle program were submitted in late May. Program officials expect to award up to three contracts for the technology development phase by Sept. 27.

The Army launched the GCV program in April 2009 as part of a larger Army Brigade Combat Team Modernization program, formerly known as Future Combat Systems. The modernization plan opts to use mine-resistant, ambush-protected vehicles while upgrading those currently in use, particularly the Styker.

Military experts anticipate the first ground combat vehicle to be used in infantry fighting, providing what they call a "highly survivable platform" for transferring infantry squads in field operations.

It is the first vehicle that will be designed from the ground up to operate in an improvised explosive device environment.

In recent weeks, senior U.S. Army officials have indicated their desire to trim combat vehicles in size and weight.

The Army's Chief of Staff, Gen. George Casey, has specifically said that future replacements should be much lighter than the estimated 70 tons that program officials have specified that the new combat vehicle should weigh.

"I keep saying, 'Look, man, an MRAP is about 23 tons, and you're telling me this is going to be 70 tons, which is the same as an (M1) Abrams (tank). Surely we can get a level of protection between that, that is closer to the MRAP than it is the M1,'" Casey was quoted as saying by the Army Times earlier this month. "It's not going to be a super heavyweight vehicle."

Also vying for the bid is BAE Systems, which has teamed with Northrop Grumman. Other industry teams have yet to be announced.

At least three contracts will be involved in the project. They include technology development, engineering and manufacturing design.Once the primary contractors are selected, the U.S. Army could take delivery of the vehicles within 5-7 years, military experts forecast.
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