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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 29, 2010 1:59pm
327 Views
Post# 17507696

United Arab Emirates Preparing To Buy M-ATVs

United Arab Emirates Preparing To Buy M-ATVsQUANTICO, Virginia — Significant foreign military sales are in the works for the lightest-weight MRAP variant built by Oshkosh, including a sale to the United Arab Emirates, according to the company.

https://defensenews.com/blogs/modern-day-marine/2010/09/29/united-arab-emirates-preparing-to-buy-m-atvs/

The UAE is looking to buy the Mine-Resistant Ambush-Protected All-Terrain Vehicle (M-ATV), said John Bryant, vice president and general manager for Marine Corps programs at Oshkosh. The M-ATV was developed to meet an urgent operational request from U.S. combat forces in Afghanistan. There are currently 8,108 vehicles on contract with Oshkosh for the U.S. military.

In addition to the UAE, there are two other foreign military sales being worked, including an urgent requirement, Bryant said.

Oshkosh expects to wrap up production of the first 8,108 vehicles by the beginning of November, allowing the company to address the needs of other countries, he said.

More U.S. contracts also seem likely.

The Pentagon is working a joint urgent operational needs statement for an M-ATV-like ambulance, according to Lt. Col. Coll Haddon, program manager for M-ATV. And Oshkosh believes the U.S. Marine Corps has a need for a reconnaissance variant, Bryant said.

Bryant said he is also confident that the U.S. military’s requirement for the first configuration of the vehicle, what’s being shipped now to Afghanistan, will also grow.

The M-ATV contract was awarded to Oshkosh on June 30, 2009. By December, the first unit was equipped, 159 days after the contract award. Now, there are more than 5,000 of the vehicles operating in Afghanistan.
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