CYMAT Announces Major Nuclear Application Order for SmartMetalTM

Listing: TSX-V
Symbol: CYM

TORONTO, Nov. 30, 2015 /CNW/ - Today Cymat Technologies Ltd. ("Cymat") announced that it has received an order for 710 m² of SmartMetal^TM to be utilized in the nuclear material facilities of the French Alternative Energies and Atomic Energy Commission (the "CEA). The SmartMetal^TM panels have been engineered for installation in the base of cargo lifts used in the transport of radioactive material. The SmartMetal^TM pad will provide a failsafe energy absorber as protection in the event of a major lift failure. The approximate value of the order is $CAD $300,000 with the beginning of calendar 2016 targeted for shipment.

The CEA is a government agency responsible for all aspects of French nuclear policy. The CEA mandate includes the management of approximately 16% of the total volume of nuclear waste generated in France.

France presently derives approximately 75% of its electricity from nuclear energy.  France's fleet of 58 reactors has an average age of 30 years. Initial nuclear plant operating licenses are for a 30 year period.  Accordingly, the French nuclear industry is currently engaged in a comprehensive upgrade and retrofit program to extend the life of aging reactors.

"We are pleased to receive this order from CEA as it validates SmartMetal^TM  technology can play an important role in safeguarding the transportation of radioactive material and opens up a new vertical market for Cymat," stated Michael Liik, Cymat's Executive Chairman. Mr. Liik added:  "With the scale of the global nuclear industry we are confident that other business development opportunities will result from this relationship with CEA, as demonstrated by the previously announced SmartMetal^TM specification in the construction of the ITER fusion reactor."

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 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., Tel: [phone], Cell: [phone], Email: [email protected]