CYMAT ANNOUNCES PROTO-TYPE MILITARY ORDERS FOR RETROFIT KITS

Listing: TSX
Symbol: CYM

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 phase validation."

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.