Listing: TSX-V
Symbol: CYM
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.