Listing: TSX-V
Symbol: CYM
TORONTO, July 14, 2017 /CNW/ - Today Cymat Technologies
Ltd. (the "Company" or "Cymat") announced, that in compliance with
the Company's stock option plan, the Company has granted 2,785,000
incentive stock options to certain of its directors, officers and
employees, with each option being exercisable into one common share
of Cymat at $0.205 per share until
July 13, 2022. The options vest
in three tranches over a two year period. The vesting of
878,331 of these options is dependent on the attainment of
performance objects for fiscal 2018 and fiscal 2019.
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.