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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 Oct 12, 2011 3:46pm
276 Views
Post# 19142716

As Army Mounts Effort to Rescue JLTV, Deal

As Army Mounts Effort to Rescue JLTV, DealMade for Marine Version

https://defense.aol.com/2011/10/10/as-army-mounts-effort-to-salvage-jltv-deal-made-for-marine-vers/

https://o.aolcdn.com/mars/12940/471/265/jltvbaesystems.jpg
Washington: The Army is working closely with the Marines to salvage the $54 billion Joint Light Tactical Vehicle, Army Chief of Staff Gen. Ray Odierno said today.

The Senate Appropriations Committee recently killed the JLTV, citing out of control requirements and persistent cost growth. The committee cut JLTV "due to excessive cost growth and constantly changing requirements." The rebuilding of the Humvee fleet should take care of most of the military's need for tactical mobility, the committee said. The Marines have indicated for more than a year that they were skeptical of JLTV's benefits and had increasingly distanced themselves from the program.

But Odierno told reporters at the Association of the US Army's annual conference that "we are in the process of working with the SAC" and had made "some creative progress on JLTV."

The Army chief of staff said that his deputy, Gen. Peter Chiarelli, is meeting with the assistant Marine Commandant, Gen. John Donforth, to ensure the two services are on the same page. The two men "will go over there and talk with them jointly," Odierno said.

We've heard from a congressional source that a deal between the Army and Marines has been struck. The "Marines are back on board. VCSA and ACMC have a deal. USMC gets its own version, basically."

So look for a lighter, simpler version of JLTV to go to the Marines.

Three companies are currently pursuing JLTV: General Tactical Vehicles, a joint venture of General Dynamics Land Systems and AM General LLC; BAE Systems; and Lockheed Martin.
Bullboard Posts