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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 Jan 12, 2012 1:39pm
255 Views
Post# 19397171

Army-Marine combat vehicle program still faces hur

Army-Marine combat vehicle program still faces hur
Despite the military’s efforts to significantly pare its costs, an Army-Marine Corps combat truck program might still face the budgetary guillotine, says the Congressional Research Service.
 
https://www.thehill.com/blogs/defcon-hill/army/203389-crs-army-marine-combat-vehicle-program-still-faces-hurdles

Military officials have raised eyebrows in recent months by revealing that some internal cost projections for the Joint Light Tactical Vehicle (JLTV) program stood at $800,000 per platform.

Last year, however, top Marine Corps officials — who run a service that has a much smaller annual budget than does the Army — threatened to walk away. The Army agreed to cast aside a number of performance standards, and the cost estimates are up to $550 million per vehicle lower. The Senate voted last year to terminate the program, but it appears the initiative will receive a new life after intense lobbying by Army, Marine and industry officials.

But in a new report, CRS says the program’s cost might again rise. And that could lead Pentagon or White House budget officials — or lawmakers — to kill the program for good.

The services also plan to upgrade existing Humvees and Mine Resistant Ambush Protected (MRAP) vehicles, which will bring their own lofty price tags, CRS notes. Another issue is whether the JLTV fleet with its reduced specs will be that much more advanced than upgraded Humvees — and if not, whether the Army and Marines should attempt both efforts.

“Another possible issue for consideration is the new lower JLTV per-vehicle cost target might be close to that of recapitalized [Humvees],” according to the report, “bringing into question if it is better and more cost effective to procure 'new' JLTVs versus 'old' recapitalized [Humvees].”

Yet another hurdle for the program will be the ever-present possibility “that requirements might be added in the future, driving up the program cost,” the report stated. 

“The Army and Marines have both noted that, despite emphasis on recapitalizing [Humvees] and MRAPs in lieu of developing JLTVs,” CRS stated, “there are limitations concerning the degree to which these vehicles can be upgraded and still be operationally effective.”

 

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