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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 Sep 08, 2010 3:05pm
290 Views
Post# 17425758

BAE gets new contract for DOD

BAE gets new contract for DODI wonder if they are referring to Cymat SAF when they say "enhanced monolithic floor"

Definition of "monolithic" is:

a : cast as a single piece <a monolithic concrete wall....or SAF>
b : formed or composed of material without joints or seams <a monolithic floor covering....or SAF>
c : consisting of or constituting a single unit ....such as SAF

https://www.hcnonline.com/articles/2010/09/08/katy_sun/news/sws_bae_new_contract.txt

BAE Systems in Sealy was awarded a new $629 million contract from U.S. Mine Resistant Ambush Protected (MRAP) Joint Program Office (JPO) on Sept. 1.

BAE will upgrade 1,700 Caiman MRAP vehicles for the company according to the agreement.

The upgraded MTVs, Multi-Terrain Vehicles, will have improvements such as, improved armored capsules, high-power automotive power trains, enhanced monolithic floor, strengthened frame and effective blast absorbing seats.

The enhancements are expected to provide greater protection and mobility in challenging and dangerous environments.

“The Caiman MTV meets the urgent and enduring needs of our troops for greater mobility and survivability,” said Dennis Morris, president, BAE Systems Global Tactical Systems.

“The Caiman MTV is a very adaptable configuration that can be customized to meet a variety of missions, and we look forward to getting these to the field.”

The contract is good news for BAE employees.

BAE announced last month that they will be laying off approximately 1300 employees, due to the loss of a $3 billion U.S. Army contract to produce FMTV combat trucks.

“This is great news in that it stabilizes employment at 1,400 people into the end of 2012,” said Lance LaCour, president and ceo of the Katy Area Economic Development Council.
Bullboard Posts