CYMAT ANNOUNCES $2.2 MILLION ALUSION™ CONTRACT FOR CONGRESS CENTRE IN MALLORCA SPAIN

Listing: TSX
Symbol: CYM

TORONTO, Feb. 1 /CNW/ - Cymat Technologies Ltd., a materials technology company focused on the military, automotive and architectural industries, today announced that its architectural product Alusion™, will be utilized to clad the exterior façade of the newly constructed Congress Center in Mallorca Spain. This project represents the single largest public project under construction in Spain and is prominently located in one of the major tourist destinations in Europe.

The contract, valued at $2.2 Million, will utilize over 200,000 square feet of Alusion material in a 405,000 square foot build area that will house exhibition halls, auditoriums, restaurants, and a hotel. The Alusion™ materials will be delivered over a 7 month period commencing next month.

Alusion was selected by renowned Spanish architect Francisco Mangado, who won an open competition for the Congress Center. Mr. Mangado's vision for the overall structure tries to conjure up the image of a large fish, beached on the shore, with shapes which are sharply defined yet flowing smoothly. Alusion was chosen for its unique random appearance, complex texture and brilliant silver colour, helping to represent the fish's belly.  

"We are thrilled to be part of this iconic structure in Spain and particularly proud to be working with an architect as prominent as Francisco Mangado." said Dave Fowler, Cymat's President and COO. He went on to say "This project represents our largest exterior cladding application to date and serves as further affirmation of the appeal of Alusion™ as a cladding material"

About the Architect:

Mr. Mangado has completed numerous award winning projects spanning 25 years and in 2010 was presented the International Architect Award given by the Chicago Athenaeum (Museum of Architecture and Design) and the European Centre for Architecture Art Design and Urban Studies. Mr. Mangado's numerous international lecturing engagements have included Guest Professor at Harvard's Graduate School of Design, Visiting Professor at Yale's School of Architecture and a recent local stop for an Architectural Conference at Ryerson University. While in Toronto, he took time out of his busy schedule to visit Cymat and was flooded with design ideas for Alusion.

About Cymat:

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 automotive, architectural and blast mitigation 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 Technologies Ltd. disclaims any intention or obligation to update or revise any forward-looking statements.

SOURCE Cymat Technologies Ltd.

For further information:

Investors and Media:
Michael Liik
Executive Chairman
Cymat Technologies Ltd.
Tel: (416) 307-4015
Email: liik@cymat.com


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