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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 18, 2013 9:55am
235 Views
Post# 20855811

Report says Army delaying Ground Combat Vehicle

Report says Army delaying Ground Combat Vehicle

work, will award only one contract..........

Ground vehicle.JPGA generic representation of a combat vehicle. The final Army Ground Combat Vehicle may bear little to no resemblance to this representation. (U.S. Army graphic)

Work on the Army's next-generation Ground Combat Vehicle will be delayed for at least six months, according to a report today by Defense News.

According to a memo obtained by Defense News, the Army will extend its technology and development phase by six months and then award an engineering and manufacturing development contract to a single vendor, not two separate ones as previously planned. The contact will be awarded in late 2014.

The memo states the changes are due to the anticipation of future budget cutbacks.

In 2011, the Army awarded BAE systems a $449 million contract and General Dynamics Land Systems $439 million to work on the technology development phase of the project. BAE teamed with Northrop Grumman Corp. in its work, with the development phase performed at BAE Systems and Northrop Grumman facilities in Huntsville; Sterling Heights and Troy, Michigan; Santa Clara and Carson, California; York, Pennsylvania; and Minneapolis.

Bullboard Posts