TORONTO, Oct. 6, 2015 /CNW/ - Today Cymat Technologies Ltd. (the "Company" or "Cymat") provided an update on the sales activity for its AlusionTM brand of architectural stabilized aluminum foam ("SAF") panels. Current AlusionTM orders indicate that the European architecture market is showing signs of a rebound from the recent economic downturn. AlusionTM orders that Cymat is currently fulfilling include:
AlusionTM is prominently featured in the CaxiaForum, a €20 Million construction project creating an art centre to host cultural, artistic and educational events in the heart of Sevilla, Spain. Over 2,000 m2 of AlusionTM will clad structures in open-air areas with high traffic. Shipment of the €200,000 AlusionTM order is expected to be completed at the end of October.
BBVA Building Madrid
Cymat is providing AlusionTM for interior cladding of a Banco Bilbao Vizcaya Argentaria ("BBVA") building in Madrid, Spain. BBVA is Spain's second largest financial institution. At the end of September, Cymat shipped AlusionTM panels for the first floor of an anticipated fifteen floor installation totaling approximately 2,250 m2, with an order value of €230,000.
French Fashion Retailer
In October Cymat will be shipping AlusionTM panels to be installed in the flagship Paris retail store for a premium French fashion house. The AlusionTM panels will be the foundation for a unique terrazzo treatment that will become part of the signature look for the fashion house's international chain of retail locations. Following the grand opening of the Parisian location, the designer is expected to update one store per month with an order value of $US20,000 per store. The retailer currently has 56 international locations.
"Historically, Europe has been Cymat's most significant market for AlusionTM," stated Michael Liik, Cymat's Executive Chairman. Mr. Liik added: "Current sales activity in this region constitutes a favourable trend In the increased popularity of AlusionTM . Furthermore, the sales pipeline for worldwide AlusionTM applications is experiencing significant growth. These factors represent positive developments in Cymat's continuing strategy to leverage AlusionTM sales in the expansion of the broader Cymat SAF market."
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: (416) 682-4214, Email: [email protected]