TORONTO, Nov. 14, 2017 /CNW/ - Today, Cymat Technologies Ltd. ("Cymat") announced that it has received an order for over 5,000 m2 of coated AlusionTM aluminum foam panels to be installed on an Amsterdam building façade. The Steltloper Building is an eighteen-floor high-rise designed by DAM & Partners Architechen. It is located on the waterfront of the trendy Eastern Docklands district of Amsterdam, an area that is known for its cluster of innovative architectural designs.
Before their selection for the Steltoper project, the coated AlusionTM panels successfully completed rigorous testing regimens pertaining to salt-spray and wind-load resistance. The Steltloper project's order value is in excess of $CAD 1.25 million. Production of the AlusionTM panels will commence within the month, and the delivery of the final batch of panels is anticipated for early Spring of 2018. This order comes on the heels of the Pace Art Gallery project, an eight-floor façade AlusionTM order currently being installed in the Chelsea neighbourhood of Manhattan.
"Following the Mallorca Congress Center, Prada Museum and Pace installations, the Steltloper Building award provides further confirmation of the suitability and desirability of the unique aesthetics offered by AlusionTM panels in the technically demanding area of façade applications," said Angie Deyannis, Vice President Business Development, AlusionTM. "These recent AlusionTM orders combined with a number of façade projects in Cymat's sales pipeline point to a growing revenue base from building exteriors," added Michael Liik, Cymat Executive Chair.
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 either continuously produced in flat panels or as near-net shapes. 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: Michael Liik, Executive Chairman, Cymat Technologies Ltd., Cell: (416) 704 - 6217, Email: [email protected]