Cymat Announces Completion of Prototypes for Major German OEM



    
    Listing: TSX
    Symbol: CYM
    

    TORONTO, Feb. 23 /CNW/ - Cymat Technologies Ltd (symbol CYM, TSX)
announces that it has completed its previously announced project of casting
prototype parts for a 2010 vehicle platform on behalf of a leading German
automobile manufacturer using Cymat's proprietary aluminum foam technology
(SAF).
    Tim Hardman, the company's President said, "Following our November 17,
2008 announcement of a project to investigate the use of Stabilized Aluminum
Foam (SAF) to improve noise vibration and harshness properties in a specific
chassis component for a major German OEM, I am pleased to announce that
prototype parts have been completed and shipped to the customer for analysis.
We are pleased with our inhouse analysis of the parts."
    "In addition, the same OEM has expressed interest in the use of SAF as a
structural crash protection enhancement element for an existing model. We
have, in collaboration with our partners at Georg Fischer, submitted project
specifications and are awaiting their approval to proceed," he continued.

    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.

    %SEDAR: 00024103E




For further information:

For further information: please contact: Investors and Media: Michael
Liik, Executive Chairman, Cymat Technologies Ltd., Tel: (905) 696-2424, Email:
liik@cymat.com; Tim Hardman, President, Cymat Technologies Ltd., Tel: (905)
696-2421, Email: thardman@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