TORONTO, April 13 /CNW/ - Cymat Technologies Ltd., a materials
technology company focused on the military, automotive and
architectural industries, today announced the signing of three new
international agent partners for Alusion™, its architectural product
Cymat established an agency relationship with Technical Supplies and
Services Co. Ltd. (TSSC), a member of the Harwal Group of companies.
Harwal, based in United Arab Emirates, has 16 companies spanning a
broad range of plastic, wood and metal products. TSSC is the largest
manufacturer of insulated composite panels in the Middle East, and
sells many other building materials including cladding products, doors,
windows, and curtain walls. TSSC will be representing Alusion in 10
Middle East countries including Saudi Arabia, UAE and Qatar.
Cymat also entered into an agreement with Universal Metaltek to act as
agent for Alusion and SmartMetal products in India. Universal Metaltek
is a manufacturing, trading and import/export company specializing in
the building materials and engineered solutions space.
Finally, Cymat has added to its reach in Europe by signing its first
agent in the Nordic Region, namely OY Master Interiors located in
Finland. OY is a newly formed sales company with its prime focus on
"The addition of these new partners represents a concerted effort by
Cymat to increase Alusion's sales reach around the world," said David
Fowler, Cymat's President and COO. He went on to say "Alusion is well
suited for these rapidly developing markets, particularly the middle
east where Alusion's distinctive contemporary look fits well with the
innovative architecture of the region."
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:
Cymat Technologies Ltd.
Tel: (416) 307-4015