TORONTO, June 21, 2011 /CNW/ - Cymat Technologies Ltd., a materials
technology company focused on the military, automotive and
architectural industries, today announced that it has received and
delivered proto-type orders in association with the April 21, 2011
HMMWV RECAP Request For Information. These prototype orders utilize
Cymat's SmartMetal as part of a survivability solution for under belly
protection for two proposed HMMWV geometries.
These solutions have been designed to accommodate both existing
vehicles, as part of an extensive recapitalization plan, and new OEM
vehicle production. The material continues to demonstrate effective and
lightweight blast mitigation properties. Success in this application
for the US military would mean access to further commercial
opportunities within the group of NATO country Armed Forces who
collectively retain a large fleet of this vehicle type. It is
anticipated that these retrofit kits will be produced in North America.
"Cymat is focused on supporting our Defence partners and looks forward
to collaborating with them and their testing needs", said David Fowler,
President of Cymat. He added "With the quick delivery of these
proto-types, we look forward to subsequent orders to move towards final
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