TORONTO, March 27, 2013 /CNW/ - Cymat Technologies Ltd. (the "Company"
or "Cymat") has been advised that the Toronto Stock Exchange (the
"TSX') is reviewing the Common Shares (Symbol: CYM) of the Company with
respect to meeting the TSX continued listing requirements. The Company
has been granted 120 days in which to regain compliance with these
requirements, pursuant to the Remedial Review Process. The Company
intends to make a submission to the Continued Listing Committee of the
TSX on July 22, 2013 in support of the continuation of Cymat's listing
with the TSX. The Company is also investigating listing on the TSX
Venture Exchange, subject to the outcome of its submission to the
Continued Listing Committee.
Cymat develops innovative materials for industry. The company has
worldwide rights, through patents and licenses, for producing
Stabilized Aluminum Foam. The ultra-light metallic foam is manufactured
by bubbling gas through molten alloyed aluminum containing a dispersion
of fine ceramic particles and can be produced as either Near-net Shapes
or Flat Panels. The result is a revolutionary material with a wide
array of features including very low density, mechanical energy
absorption, thermal and acoustic insulation, is recyclable, time and
temperature insensitive and has a relatively low cost of production.
Cymat is collaborating with a number of partners spanning the
architectural, blast mitigation and automotive industries. For further
information, visit the Web site www.cymat.com.
The foregoing press release contains forward-looking statements relating
to the development of markets, development programs, future revenues
and improvements in technology, which are subject to important risks
and uncertainties. The results or events predicted in these statements
may differ materially from actual results or events. Factors which
could cause results or events to differ from current expectations
include the availability of funding, existing and future relationships
with suppliers and manufacturers, the results of research and
development activities, risks of technological breakthroughs that make
Cymat stabilized aluminum foam less attractive, risks relating to the
breadth, scope and enforceability of intellectual property rights,
general industry and market conditions, availability of qualified
personnel, and reliance on co-development partners. For additional
information with respect to these and other factors, see the reports
filed by Cymat Technologies Ltd. with the Ontario Securities
Commission. Cymat disclaims any intention or obligation to update or
revise any forward-looking statements.
SOURCE: Cymat Technologies Ltd.
For further information:
Investors and Media:
Cymat Technologies Ltd.
Tel: (416) 682-4214