Where is the Beef!Another quarter passes and still will nothing between the buns! Without the company divulging information on progress in the blast mitigation and automotive segments to shareholders and the public everyone will continue to wonder if there is really anything there.
CYMAT REPORTS 2009 - THIRD QUARTER RESULTS (March 11, 2009)
Despite the slowdown of the Audi business, Cymat continues to bid on significant architectural opportunities for both exterior and interior projects.
The company is also gaining momentum in its military industry initiatives with the confirmation of an order from the Canadian Department of National Defence in early February 2009. It is anticipated that military revenues will grow substantially towards the end of 2009 and into 2010.
Cymat reports 2009 year-end results (June 23, 2009)
Cymat anticipates that 2010 will be a turning point for the company with respect to its initiatives in its 3 targeted industry segments.
Military and numerous defense contractors continue to work with Cymat to develop blast mitigant solutions using SmartMetal. The company is in the process of capturing blast data on SmartMetal which will help validate its efficacy in blast mitigation applications. Cymat expects that these efforts will lead to initial revenues this fiscal year.
Automakers continue to be interested in the noise/vibration reduction and stiffness enhancing properties of SAF. The company expects that more OEM programs will be undertaken together with its Swiss partner Georg Fischer, leading to initial royalty payments in 2010.
Revenues from Alusion, Cymat’s architectural product, are expected to grow considerably this year resulting from an expansion in its distributor base in North America, Europe and Asia and a focus on external applications
CYMAT REPORTS FISCAL 2010 - FIRST QUARTER RESULTS (September 2, 2009)
Quarterly revenue declined as architectural sales to high profile projects and Audi dealership platforms in the prior year’s quarter were not matched in this period due to negative global economic conditions. It is expected that demand for Audi showroom platforms will return to past levels by the end of the current calendar year as a consequence of planned launches of showroom retrofits in North America. Additionally, Cymat continues to bid on significant architectural opportunities for both exterior and interior projects and any positive economic growth should
see increased demand for Cymat’s architectural products.
The company is also gaining momentum in its military industry initiatives and it is anticipated that military revenues will grow substantially towards the end of 2009 and into 2010.
CYMAT REPORTS FISCAL 2010 - SECOND QUARTER RESULTS (December 11, 2009)
Cymat continues to bid on significant architectural opportunities for exterior and interior projects, both directly and through its extensive agent network covering North America, Europe and Australasia. Further positive economic growth should result in the increased demand for Cymat’s architectural products.
The company is also gaining momentum in its military industry initiatives and it is anticipated that military revenues will grow in 2010.
Cymat reports 2010 year-end results (July 8, 2010)
Cymat anticipates that 2011 will see significant growth in its 3 targeted industry segments. Military and numerous defence contractors and armour integrators continue to work with Cymat to develop blast mitigant solutions using SmartMetal.
The Company completed capturing its blast data on SmartMetal? which is being used to validate its efficacy in blast
mitigation applications. Cymat expects that these efforts will lead to revenues in retrofit and next-generation applications this coming fiscal year.
Automakers continue to express an interest in noise/vibration reduction and stiffness enhancing features of SAF. The company expects that more OEM programs will be undertaken together with its Swiss partner Georg Fischer, leading to initial royalty payments in 2011 and beyond.
Revenues from Cymat’s architectural product, Alusion, are expected to grow considerably in 2011 resulting from an expansion in its distributor base in North America, Europe and Asia, a focus on external applications and an expectation that the economy in those regions will turn around.
CYMAT REPORTS FISCAL 2011 - FIRST QUARTER RESULTS (September 10, 2010)
“We are very pleased with the progress we made in the first quarter with our commercialization activities” said Michael Liik, Cymat’s Chief Executive Officer. “The inclusion of the Alusion product in the high profile LEED’s Platinum Certified project in China was a significant win for Cymat and has increased the profile of our product within the architecture market. The on-going integration of SmartMetalTM by several military vehicle OEMs and amour integrators into their specific IED solutions has shown extremely positive results. We are optimistic that our commercialization activities will continue to gain momentum through the remainder of this year under David’s leadership.”
CYMAT REPORTS FISCAL 2011 – SECOND QUARTER RESULTS (December 13, 2010)
“We are very pleased with the progress made this year with our commercialization activities” said Michael Liik, Cymat’s Executive Chairman. He added, “The inclusion of our Alusion product in such high profile projects as the 911 Memorial Museum in New York and the Vanke Center in China should serve to accelerate the penetration of our material into other high end applications.”
“The on-going integration of SmartMetal™ by several military vehicle OEMs’ and armour integrators into their specific IED solutions continues to show positive results” said David Fowler, Cymat’s new President and COO. He went on to say that “We are optimistic that these commercialization initiatives will continue to gain momentum through the remainder of the year.”
CYMAT REPORTS FISCAL 2011 - THIRD QUARTER RESULTS (March 8, 2011)
"We are very pleased with the progress made this year with our commercialization activities," said Michael Liik, Cymat's Executive Chairman. He added, "The inclusion of our AlusionTM product in such high profile projects as Congress Center in Mallorca and the 911 Memorial Museum in New York should serve to accelerate the penetration of our material into other high end applications." He went on to say that, "These major projects together with a healthy pipeline are the culmination of our recent efforts to reach a baseline profitability from our AlusionTM business in order to support Cymat's ongoing commercialization initiatives in the blast mitigation and automotive fields."