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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 11, 2010 3:46pm
393 Views
Post# 17437596

Interesting Timeline Exec Changes

Interesting Timeline Exec ChangesSince Tim is staying on as an employee till Oct / Nov before becoming a "consultant" and had to be given six months notice if being replaced (or paid for it), that means he was notified of being replaced in the May / June timeframe. In the same time period, probably shortly after Tim was notified, Trevor Sandler, the ex-CFO, resigns as Michael Liik was obviously working on a replacement for Tim and Trevor Sandler didn't agree with it and caught Michael off guard by deciding it was time for him to go also.

Just shows the type of person Tim is, too put aside this situation and continue working to improve shareholder value and earn the monies they would have otherwise just had to pay him for being replaced. He could have just taken the six months of money and walked away. He knew he was gone at the August AGM and will still very professional and focused on delivering to the Cymat shareholders. An genuinely honest professional person to the core.
Bullboard Posts