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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 Jul 10, 2010 1:42pm
634 Views
Post# 17259743

LAV deal could bring in $1B - General Dynamic

LAV deal could bring in $1B - General DynamicGeneral Dynamic Land Systems Canada took a first step into a big contract Friday with a funding announcement by federal cabinet ministers Peter MacKay and Rona Ambrose.

https://www.lfpress.com/news/london/2010/07/09/14665441.html

https://storage.canoe.ca/v1/dynamic_resize/?src=https://www.lfpress.com/news/london/2010/07/09/0710_lav.jpg&size=248x186

Peter MacKay, Minister of National Defence and Rona Ambrose, Minister of Public Works and Government Services and Minister for Status of Women investigated the interior of a Light Armoured Vehicle (LAV) Friday. The ministers visited General Dynamics Land Systems to announce that the Government of Canada has awarded a $34.4 million contract to the Light Armoured Vehicle (LAV) 111 Upgrade program. (SUE REEVE The London Free Press)

The ministers were at GDLS on Oxford St. E. to announce $34.4 million in funding for the initial stage of a contract to upgrade 550 made-in-London LAV III light armoured vehicles. The contract could eventually bring $1 billion in business to the GDLS plant, which employs 2,100.

The upgrades to the LAV III, used extensively by Canadian forces in Afghanistan, includes improvements to the armour system, including a double-V hull that will make the vehicles less vulnerable to the buried explosives that have caused many of the casualties in the conflict.

“These upgrades will improve the effectiveness of the LAVs across all terrains and all missions, including cold weather,” said Ambrose, who is minister of public works.

There will also be improvements to the vehicle’s engine, suspension and weapons systems.

MacKay, the federal defence minister, called the LAV III “the backbone of the Canadian army,” but said the crews in the vehicles need more protection from mines, improvised explosives devices and anti-armour weapons. He said the upgraded vehicles will be needed even after Canada’s military mission in Afghanistan ends next year.

“We know that this type of warfare will be prevalent well into the future,” said MacKay.

The $34-million initial contract involves engineering and design work and the building of prototypes, said GDLS spokesperson Ken Yamashita.

He said the most of the funding for the project will come when the upgrades are actually installed in the vehicles — a process that is expected to begin in about a year.

“The implementation stage is the big-money phase, but this is important because it gets us started,” said Yamashita.
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