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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

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Post by red_baronon Jan 21, 2011 1:01pm
269 Views
Post# 18008134

SAIC-led Industry Team Continues to Pursue GCV

SAIC-led Industry Team Continues to Pursue GCVScience Applications International Corporation (SAIC) (NYSE: SAI) announced today it will continue to lead a team pursuing the U.S. Army's Ground Combat Vehicle (GCV) program. The SAIC-led team submitted a revised proposal for the technology development phase of the Infantry Fighting Vehicle (IFV) being developed under the GCV effort to the U.S. government. The team originally submitted a proposal in May 2010, but the initial Request for Proposal was rescinded by the Army, and a second RFP issued in November 2010.

https://www.prnewswire.com/news-releases/saic-led-industry-team-continues-to-pursue-ground-combat-vehicle-program-114354134.html

"GCV is of vital importance to our nation as it will be the first combat vehicle designed to be adaptable to the full range of military operations, while protecting our soldiers from current and emerging threats," said Deborah Alderson, SAIC group president. "Our offer continues to focus on delivering a newer, highly survivable, more lethal, off-road IFV than previous offerings we know of."

SAIC's Team Full Spectrum consists of three large enterprises – The Boeing Company, Krauss-Maffei Wegmann (KMW), and Rheinmetall Defence (RMD). The team, called Team Full Spectrum, is proposing a vehicle it believes is well-positioned to meet the Army's accelerated development needs because of its MGV and Puma heritage. The Puma is the only production-ready IFV designed from the ground up since Sept. 11, 2001, and incorporates the lessons of the wars in Iraq and Afghanistan. The team will also incorporate lessons learned from the Future Combat Systems Manned Ground Vehicle effort.

"Our offering is designed, first and foremost, to protect our Soldiers, to unburden them from mechanical tasks with the latest technology thus allowing concentration on the cognitive, and to empower them to accomplish their mission," said Alderson. "In addition, high technical readiness levels will help meet the Army's timeline of delivering the first vehicle in 7 years."

The U.S. Army's Ground Combat Vehicle program is part of a holistic Army plan to modernize its combat vehicle fleet.

About SAIC

SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $10.8 billion for its fiscal year ended January 31, 2010.
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