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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 17, 2013 4:49pm
235 Views
Post# 20853404

Army Told to Pick Combat-Vehicle

Army Told to Pick Combat-Vehicle

Contractor Next Year ....... The Army must choose a single contractor next year to complete development and build the service’s Ground Combat Vehicle, a potential $32 billion program, according to the Pentagon’s top weapons buyer.

https://www.bloomberg.com/news/2013-01-17/army-told-to-pick-combat-vehicle-contractor-next-year.html

BAE Systems Plc (BA/) and General Dynamics Corp. (GD) have been competing to produce the tank-like replacement for the Bradley Fighting Vehicle. Previous plans called for both companies to continue development work beyond 2014, after which one would probably have been selected for the production phase.
“The combination of fiscal pressures and the need for additional development time led” to the change of plans, Defense Undersecretary for Acquisition Frank Kendall wrote in a directive issued today.
The Army plans to buy 1,904 of vehicles, according to a Government Accountability Office report. The Pentagon estimates they will cost as much as $17 million apiece, according to the Congressional Research Service.
In his “acquisition decision memo” today, Kendall also directed a six-month extension to the current 24-month “technology demonstration” phase that began in late 2011.
The extension provides for testing of competing technologies through the use of prototypes. That’s a tenet of Kendall’s new “Better Buying Power 2.0” initiative.
‘Fiscal Pressures’
After that, Kendall said, the Army will select a contractor to conduct the next phase, called “engineering and manufacturing” development, and then produce the vehicle.
The Army had planned to keep both London-based BAE and Falls Church, Virginia-based General Dynamics through the engineering and manufacturing phase and select a contractor later for production.
Army spokesman Matthew Bourke said in an e-mail that the next phase “was built so that any industry team,” not only BAE and General Dynamics, “can submit a proposal, and we encourage them to so.”
Kendall directed that the process to choose among the competitors begin with release of a request for proposals between Oct. 1 and Dec. 31.

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