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.
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