Cymat Technologies Ltd V.CYM

Alternate Symbol(s): CYMHF

Metals & Mining Aluminum

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.

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Cymat Technologies Ltd

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Post by BUCKWHEATSCHANKOon May 13, 2014 4:24pm

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Post# 22557272

NEWS!!!

CYMAT Announces Fondazione Prada Cladding Award

Listing: TSX-V
Symbol: CYM

TORONTO, May 13, 2014 /CNW/ - Today Cymat Technologies Ltd. (the "Company" or "Cymat") announced that Alusion^TM has been selected for cladding of the future headquarters and art centre for Fondazione Prada. Located in Milan, Italy, the art centre was commissioned by Miuiccia Prada and Patrizio Bertelli of the Prada design house. The facilities were designed by OMA led by Rem Koolhaas. Cymat will be supplying approximately 63,000 square feet of custom Alusion^TM panels for installation on exterior and interior surfaces. Cymat has received a substantial deposit and is about to commence production for this project. Delivery of these Alusion^TM panels is expected to be completed in the fall of 2014. "We are excited to be working with an internationally renowned customer such as Prada," said Michael Liik, Cymat's Executive Chairman. "We are also encouraged by the demonstration of Alusion's increased acceptance for external cladding applications and the signs of economic resurgence in the European Community."