CYMAT ANNOUNCES 3 NEW INTERNATIONAL AGENT PARTNERS FOR ALUSION™

Listing: TSX
Symbol: CYM

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 line.

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 interior decoration.

"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."

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


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.