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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.


TSXV:CYM - Post by User

Cymat Technologies Ltd
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Post by Betteryear2on Apr 03, 2024 9:11am
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Post# 35967239

FIRST COMMERCIAL ORDER FOR NON-LETHAL BULLETS V.CYM

FIRST COMMERCIAL ORDER FOR NON-LETHAL BULLETS V.CYMMISSISSAUGA, ON, April 3, 2024 /PRNewswire/ - Cymat Technologies Ltd. (TSXV: CYM) (OTCQB: CYMHF) (the "Company" or "Cymat") is pleased to announce its first commercial order for SmartMetalTM Stabilized Aluminum Foam ("SAF") cylinders, to be used in non-lethal bullets, from their customer Nobel Sport. Nobel Sport is a French-based law enforcement specialty manufacturer of a wide range of ammunition and ancillary products for sport, law enforcement and military customers. This first order, destined for the French Armed Forces, is for 21,000 cylinders with a contract value of approximately $200,000.

CYMAT ANNOUNCES FIRST COMMERCIAL ORDER FOR NON-LETHAL BULLETS AND PROVIDES ALUSION™ ORDERBOOK UPDATE (prnewswire.com)
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