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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 Apr 15, 2013 11:02am
199 Views
Post# 21254601

Turkish MRAPs Tardy

Turkish MRAPs Tardy

April 11, 2013: Four years ago the Turkish Army ordered 468 locally designed and manufactured Kirpis MRAP (Mine Resistant Ambush Protected) armored vehicles. All these vehicles were supposed to have been delivered last year, but 175 have not yet arrived. The Turkish national police are also waiting on delivery on Kipris. The manufacturer, BMC, is having financial and management problems and the government has told BMC that if deliveries are not completed soon, the undelivered vehicles would be cancelled and another Turkish firm (like Otokar) or even a foreign source (like very cheap used American MRAPs) would be used instead.

The Kirpis is a 4x4 16 ton armored truck that is similar to those made in several other Western countries. Kirpis has a turret, a crew of three, and can carry ten troops or a ton of cargo. Turkey has been stressing buying more and more locally made military equipment. The Kirpis passed all its tests and the army thought it had a great deal here. Despite the embarrassment of cancelling an MRAP order from a Turkish firm, the army wants these MRAPs just in case the current peace talks with Kurdish rebels do not work out.

https://www.strategypage.com/htmw/htarm/articles/20130411.aspx

Bullboard Posts