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.