TORONTO, Feb. 8, 2012 /CNW/ - Cymat Technologies Limited ("Cymat"), a
materials technology company focused on the military, automotive and
architectural industries, today provided an update of material
validation and progress for its military products.
Cymat has been introducing its military products (trademarked SmartMetalTM) to a number of new military customers in Europe, Asia, and South
Africa. We are pleased to report on some customer testing results which
continue to validate SmartMetalTM utility against customer test criteria.
In France, we have been working with a renowned global supplier of
advanced composite materials with a focus on ballistics that has been
testing SmartMetalTM as part of a composite structure integrating ceramic strike plates with
aluminum foam backing. The testing results and feedback from the
Director of Strategic Markets was very positive, "…we have finished the
T1 (material validation gate) tests sequence on two different threats
and the results are good. The two vehicle manufacturers are pleased
with the results… We will be moving to T2 (second gate in development
process) in March for both vehicles."
A second French customer, an internationally based manufacturer of
armour for land systems has been testing three different density levels
of SmartMetalTM. While the final report is not complete, the Director of Purchasing
has communicated, "initial results indicate that testing of the Cymat
material confirms both the energy absorption levels, and the time
dislocation of peak acceleration", and "once the final report is
confirmed the material will pass through to prototype inclusion".
In Switzerland we have been working with a multi-national energy
management company, where our product is being tested as part of
composite structures for vehicle protection, aimed at passing STANAG
4569 Level 4 criteria. (STANAG 4569 is a NATO Standardized measurement for the protection of occupants of logistic and light
armored vehicles, with level 5 detailing the highest level of
protection). They have tested a number of different products and the
Director of New Business has reported, "We seem to be having some good
results with our latest experiments with your products. We will have
some more shooting tests at the Test Center with a composite structure
and will advise once we are able to get a certificate with a focus on
STANAG 4569 testing."
In Asia, we have been working with the land systems and specialty
vehicles group of one of Asia's leading defence and specialty vehicles
companies. SmartMetalTM has undergone two different rounds of testing and according to the
Senior Buyer "We have just tested the second material around 5 weeks
ago and the results are quite positive." As a result Cymat has
provided formal quotes for material supply for a two year vehicle
In South Africa we have been working with the armour division of a
company which has a broad range of industrial products. The armour
division specializes in armour ceramics for use in body, vehicle, and
industrial protection. SmartMetalTM is on a second round of testing, and is being considered as energy
absorbing backing for ballistic armour. The Director of Technology
stated "the first round of testing indicated positive outcome,
resulting in inclusion at next round of testing".
Cymat material continues to be tested and incorporated into future
designs, with other armouring, military and blast companies around the
world. David Fowler, Cymat's President and COO commented "We are very
encouraged by customer testing and feedback on our material
performance, and excited to have a number of new opportunities
developing in our blast pipeline. We believe that these encouraging
results, coupled with increased sales follow-up as we continue to add
military agents, should convert into significant new sales
opportunities in the near future."
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