Cymat Provides Update on AlusionTM Chinese Market and Architectural Division Activity
May 15, 2019, 08:31 ET
Listing: TSX-V
Symbol: CYM
TORONTO, May 15, 2019 /CNW/ - Cymat Technologies Ltd. (the "Company" or "Cymat") is pleased to provide an update of activities within the Company's architectural division AlusionTM.
During the previous year, AlusionTM signed a strategic agreement with a Chinese distributor which has led to its inclusion in several completed projects in China and an ongoing pipeline of new orders. In the 8 months since the agreement was implemented, AlusionTM sales orders from the region have totalled approximately $1.3 million and Cymat anticipates continued buoyant growth of AlusionTM in the Chinese market. AlusionTM is unencumbered by the recent international tariff escalations that have affected many aluminum products.
AlusionTM has also begun advertising and marketing on ArchDailyTM, a world-leading architectural internet-based material and design source for builders, architects and designers. ArchDailyTM receives 13.6 million views a month (Source: archdaily.com). AlusionTM's presence on the site has generated over 3.7 million views in the first quarter of this year alone, helping to increase architectural inquiry and quoting activity for the brand.
Finally, driving on the strength of the AlusionTM brand, Cymat is poised to launch a premium version of the product, AlusionTM Plus, this summer. AlusionTM Plus will be manufactured from a new aluminum alloy and will provide enhanced material characteristics and aesthetics. AlusionTM panels are used for exterior cladding facades, interior walls and ceilings, and specialty design applications. With virtually unlimited choices and finishes, builders can create truly unique design statements.
"I am thrilled by the global recognition of our AlusionTM brand and our prospects for growth in the Chinese market," said Cymat CEO Michael Liik. He added, "I have high expectations for AlusionTM Plus and its anticipated impact on the international architectural market. I believe that this superior product will further broaden the appeal of the AlusionTM brand."
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, CEO, Cymat Technologies Ltd, 416-704-6217, liik@cymat.com
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