TORONTO, June 9 /CNW/ - Cymat Technologies Ltd. is pleased to announce the selection of Alusion for the auditorium in the Vanke Center in Shenzhen China. Cymat, in cooperation with their agent Daisye Company in Taiwan, are supplying more than 2,000 sq meters of Alusion to line the interior walls of the auditorium, at a sales price of approximately $250,000. This auditorium is part of a 60,000 sq meter mixed-use complex referred to as a "floating horizontal skyscraper", which is less than 35 meters high, but as long as the Empire State Building. Contained within the building are office spaces, apartments, a conference center, auditorium and hotel. It is the headquarters of the China Vanke Co. Ltd., the largest publicly traded property developer in China.
The building is the work of Steven Holl and partner Li Hu from Steven Holl Architects in New York City. The project has been awarded with a 2010 Honor Award by the New York Chapter of the American Institute of Architecture. A large focus of the project is environmental sustainability using recycled and recyclable materials, aiming for LEED Platinum. In addition to aesthetics and sound absorption properties, Alusion contributes to attaining this LEED qualification.
"Cymat recognizes the importance of having its Alusion products certified for LEED as it focuses on growing its interior and exterior architecture products" said Tim Hardman, President of Cymat. He added, "This will ensure Alusion's future selection into projects with progressive architects and builders around the world."
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: For further information: Investors and Media: Michael Liik, Executive Chairman, Cymat Technologies Ltd., Tel: (416) 307-4015, Email: firstname.lastname@example.org; Trevor Sandler, Chief Financial Officer, Cymat Technologies Ltd., Tel: (905) 696-2427, Email: email@example.com