Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Nov 04, 2011 7:54pm
377 Views
Post# 19211433

Army goes back to the future on GCV

Army goes back to the future on GCVArmy Secretary John McHugh said Wednesday that service officials will reconsider a vehicle they’ve already rejected as a potential candidate for their planned Ground Combat Vehicle. Germany’s Puma infantry fighting vehicle, a version of which was offered by an SAIC-led industry team but not awarded a development contract earlier this year, will be among the potential GCV prospects after all, McHugh said.

https://www.dodbuzz.com/2011/11/02/army-goes-back-to-the-future-on-gcv/

He mentioned it in passing in response to a reporter’s question as an example of how the Army would do whatever it takes to save money and be as efficient as possible in its acquisitions going forward. Buzz asked McHugh to repeat it just to make sure we hadn’t misheard — so what does the acknowledgement of the Puma mean for the protest SAIC has lodged over this year’s GCV development contract awards?

“I’m not going to sit here and adjudicate the SAIC protest,” he said, other than to reaffirm that the Army will spend the next two years looking at this thing from vichyssoise to pistachios in an effort to get the best deal possible.

“You have to make smart decisions,” McHugh said — and if that means a [consumer, off-the-shelf] vehicle, “we will do that.”

The GCV effort today is frozen by SAIC’s protest. If McHugh’s concession can open peace talks between the Army and SAIC, the company might eventually abandon its dispute and free the Army program officials now encased in carbonite. We’ve asked SAIC to comment and we’ll update as we hear more.

The Army’s GCV efforts are on two parallel tracks: In one, service officials are doing their latest in the never-ending rounds of due diligence about looking at all options for a large, well protected new fighting vehicle for the whole nine-soldier squad. We’ve heard service officials say they’ll look at Strykers, Bradleys — anything and everything — over about the next two years. That’s how they’ll get the vehicle cost down and get it into the fleet within the goal of seven years.

But the other track is the one that appears to represent the Army’s true desire. That’s the one that led the service to issue roughly $900 million in development contracts to General Dynamics and BAE Systems back in August for those two companies to go forward with developing their contestants for GCV. SAIC did not get one of those development deals, even though it was part of a longstanding GCV troika, and the Army’s unspoken message was clear: We don’t want a “stretched” or “upgraded” off-the-shelf vehicle — we want the new hotness.

Since then, we’ve heard McHugh and other top leaders sing a different tune publicly, but how much does the Army’s true green heart ever change? The service would no doubt pursue a compromise GCV if it had no other choice, and McHugh’s concession about the Puma is a nod in that direction. Still, if it can have its ‘druthers, the Army has already put its money where its mouth is.
Bullboard Posts