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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 Jan 19, 2011 2:55pm
224 Views
Post# 17997536

AM General 'optimistic' about future

AM General 'optimistic' about futureDespite layoffs looming at Mishawaka’s AM General plant, the company says it remains optimistic about what its doing and where it’s headed.

https://www.wsbt.com/news/wsbt-am-general-optimistic-about-fu-01172011,0,5040625.story

“Our new president and CEO, Charlie Hall, is working hand-in-hand with our chairman, Jim Armour, as we continue to produce Humvees for U.S. and international customers and attract new business opportunities,” said spokeswoman Celeste Ross.

On Friday, the company announced it would begin eliminating 300 jobs because of reduced demand for Humvees for the U.S. military.

“This is kind of a natural draw down from being out of Iraq, primarily, and not using the vehicles as much in Afghanistan,” said 2nd District Congressman Joe Donnelly. “And so … it's not that the vehicle is not performing, it's that its numbers are not needed as high anymore.”

Ross said the company remains optimistic for a number of reasons. She said AM General is actively involved with the Army and Marine Corps’ Joint Light Tactical Vehicle program; a competition to engineer and manufacture a new generation military vehicle. The company is also developing enhancements for use in new vehicle production, and it’s involved in improving Humvees that have already been manufactured.

In addition, Ross said AM General is optimistic that it could add hundreds of jobs as commercial production starts on a wheelchair accessible vehicle known as MV-1s that run on compressed natural gas.

The company brought back some employees in 2010 to prepare the facility for production.

But Donnelly echoed Ross regarding hope for the future.

“They have very, very strong opportunities on the commercial side that they're waiting to hear on, so the number of employed has dropped some right now, but we're hopeful in the next year or two it'll come back up.”
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