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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 red_baronon Aug 11, 2010 2:45pm
528 Views
Post# 17342252

Cymat AGM - Update

Cymat AGM - UpdateThree Stockhouse posters, that I know of, were at the Cymat AGM today. I sent Tim the list of questions (posted earlier on Stockhouse) before the AGM and he incorporated the majority of the answers right into his presentation which helped out in the Q&A session. Tim's presentation was similar to the last one, no specific names of companies they're working with (except Otakar) , no contracts announced, no revenue projections, just a general overview about a lot of foundation work that has happened and is ongoing in all segments to bring the company to commercialization and realize "real" revenues. I have an audio recording of Tim's presentation and as soon as I get a copy of his presentation I will post it so everyone can "hear it from the man himself". Reading between the lines I'm sensing anywhere from 6 to 18 months before significant commercialization. But I'm betting that some of these contracts will be huge based on what he said today!

PS: (1) Mike L. confirmed to all present that there are no governance issues. (2) Tim confirmed that blast mitigation contracts will be announced as soon as they are signed providing unit quantities and revenues to Cymat.
Bullboard Posts