Cymat annouces first major external cladding project for Alusion



    
    Listing: TSX
    Symbol: CYM
    

    TORONTO, Sept. 11 /CNW/ - Cymat Technologies Ltd (symbol CYM, TSX) is
pleased to announce that it has received and shipped its first major order for
an exterior wall cladding application. Alusion, Cymat's architectural product,
is being used to line the outer walls of the largest church building in
Catalonia, Barcelona, Spain. The project is headed by one of the region's
leading architects Carlos Ferrater.
    "This order provides us with the necessary validation for Alusion as an
exterior cladding material" said Tim Hardman, Cymat's President. "Architects
are beginning to specify our unique material not only for its aesthetic appeal
but for its light weight structural properties, sound dampening qualities as
well as its recyclability" he added. He went on to say "We are optimistic that
our material in this project will serve as an excellent precedent for other
high profile external applications throughout Europe and North America and as
a solid reference point for our worldwide agent network..."

    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 Cymat's business, the development of markets, development programs, future
revenues and improvements in technology, and management's objectives,
strategies, beliefs and intentions which are subject to important risks and
uncertainties. Forward-looking statements are frequently identified by such
words as "may", "will", "plan", "expect", "anticipate", "intend" and similar
words referring to future events and results, including in respect of the
completion of the offering, use of proceeds and the Company's revenue growth.
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. Readers are cautioned not to place
undue reliance on these forward-looking statements as actual results may
differ materially from those expressed or implied in the forward looking
statements. Cymat Technologies Ltd. disclaims any intention or obligation to
update or revise any forward-looking statements after the date of this press
release or to revise such statements to reflect the occurrence of future
unanticipated events, except as may be required under applicable securities
laws.

    %SEDAR: 00024103E




For further information:

For further information: Investors and Media: Michael Liik, Executive
Chairman, Cymat Technologies Ltd., Tel: (905) 696-2424, Email: liik@cymat.com;
Trevor Sandler, Chief Financial Officer, Cymat Technologies Ltd., Tel: (905)
696-2427, Email: tsandler@cymat.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890