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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 Dec 25, 2011 6:43pm
266 Views
Post# 19351512

More Counter-IED Equipment and Protected

More Counter-IED Equipment and Protected

Vehicles Being Sent to British Forces in Afghanistan ....

https://blogs.ottawacitizen.com/2011/12/23/more-counter-ied-equipment-and-protected-vehicles-being-sent-to-british-forces-in-afghanistan/

The Defence Secretary today announced a £400m package of protected vehicles and Counter-Improvised Explosive Device (C-IED) technology to further improve the protection of British Forces in Afghanistan.

IEDs are the single greatest threat to our forces in Afghanistan. Improving the protection of our forces on the front line is the military’s number one priority, and these investments mark another major step forward in the battle against the Taliban.

The package includes around 100 additional Foxhound protected patrol vehicles. Foxhound is at the cutting edge of protected patrol vehicle technology and will provide unprecedented levels of blast protection for its size and weight.

Today’s announcement will take the total number of Foxhound vehicles available to our Armed Forces to around 300.

The first of the 200 Foxhounds already ordered by the MoD are due to be delivered for military training over the next month, and will be available for deployment to Afghanistan during 2012.

This announcement also includes over £200m of advanced C-IED technology, giving British Forces a major boost in the battle against the insurgency.

Defence Secretary Philip Hammond said:

“Success in Afghanistan is our number one priority and protecting our forces from IEDs is our most urgent challenge.

“Foxhound is designed, developed and built in the UK and this announcement demonstrates the Government’s commitment to providing our troops with world-class protective equipment.

“The vehicle will provide our Armed Forces with a highly protected and agile vehicle, and its manufacture in this country will create and sustain jobs across the UK.

“The C-IED package is another major step forward in the battle against the bombers, using cutting edge technology to defeat their evil campaign and protect our troops.”

BACKGROUND NOTES:

1. The original £180 million contract to build 200 of the new Foxhound vehicles was signed with FPE in November last year. The second tranche, announced today, is subject to final contractual negotiation with FPE.

2. Originally procured as an Urgent Operational Requirement, Foxhound was designed specifically to protect against the threats faced by troops in Afghanistan – for example, its V-shaped hull helps it withstand explosions caused by an improvised explosive device.

3. Its size and agility allows troops to carry out a wide range of tasks in environments that may restrict larger, heavier vehicles. Foxhound is ideal for the Partnering and Mentoring role required for Transition, being able to access urban areas with increased protection.

4. The vehicle incorporates state of the art technology from a range of areas, including from non-traditional Defence sources such as the UK’s world-leading motorsport industry, drawing a significant number of SMEs from across the country into the supply chain.

5. Its engine can be removed and replaced in just 30 minutes and it can drive away on only three wheels.

6. The second tranche of around 100 Foxhound will be subject to final contractual negotiations with Force Protection Europe (FPE).

7. The vehicle was designed, developed, and built in the UK by FPE and Ricardo plc, together with Team Ocelot partners Thales, QinetiQ, Formaplex, DSG and Sula. Construction of the vehicles will take place throughout the UK.

8. Since May 2010 more than £500M has been approved for the purchase of protected vehicles in Afghanistan, including the new Foxhound patrol vehicle.

9. Owing to the nature of the C-IED procurement, there are no other details that are releasable on this procurement that would not be in breach of its security classification

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