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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 red_baronon Aug 20, 2010 12:44pm
248 Views
Post# 17369313

RE: RE: spanish contract payment

RE: RE: spanish contract paymentParthent, I think you are being way premature on speculating on the need for additional financing. Cymat as you know doesn't announce any Alusion deals until their delivered, and doesn't announce at all any revenues from blast mitigation. They have been working with Otokar for over 2 years on the Cobra and they are now out looking for purchasers, Otokar's name was never mentioned until recently. Cymat has lots of irons in the fire, they are generating revenues from there activities and blast mitigation commercialization is not that far off. In the AGM shareholder update Tim spend some time on government funding. I don't believe they will require any funding before "real revenue" begin to be generated.
Bullboard Posts