TORONTO, May 13, 2014 /CNW/ - Today Cymat Technologies Ltd. (the
"Company" or "Cymat") announced that AlusionTM has been selected for cladding of the future headquarters and art
centre for Fondazione Prada. Located in Milan, Italy, the art centre
was commissioned by Miuiccia Prada and Patrizio Bertelli of the Prada
design house. The facilities were designed by OMA led by Rem Koolhaas.
Cymat will be supplying approximately 63,000 square feet of custom
AlusionTM panels for installation on exterior and interior surfaces. Cymat has
received a substantial deposit and is about to commence production for
this project. Delivery of these AlusionTM panels is expected to be completed in the fall of 2014. "We are
excited to be working with an internationally renowned customer such as
Prada," said Michael Liik, Cymat's Executive Chairman. "We are also
encouraged by the demonstration of Alusion's increased acceptance for
external cladding applications and the signs of economic resurgence in
the European Community."
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
architectural, blast mitigation and automotive industries. For further
information, visit the Web site www.cymat.com.
SOURCE: Cymat Technologies Ltd.
For further information:
Investors and Media:
Cymat Technologies Ltd.
Tel: (416) 682-4214