TORONTO, Dec. 3, 2019 /CNW/ - Cymat Technologies Ltd. (the
"Company" or "Cymat") is pleased to announce that the production
facility for its joint venture (the "JV") with Alucoil, S.A.
("Alucoil") to manufacture a metallurgically bonded aluminum
foam-based sandwich panel is now fully operational.
The new facility has experienced significant delays related to
certain elements of the production line. As many aspects of the
facility are custom designed for this proprietary process, scale-up
from lab-scale to commercial scale equipment can often present
unforeseen issues. In this case, the custom-designed furnace
required significant modification to accommodate the challenges of
production-scale brazing. We are pleased to report that the furnace
has now been successfully retrofitted and is fully operational. In
the interim, Cymat has further enhanced its ability to produce foam
panels that are better able to withstand the rigours of commercial
scale brazing.
New product trials are scheduled to commence early in the New
Year when Cymat's modified panels are delivered to Alucoil. Upon
the successful completion of these trials, the JV will begin
initial production runs. Panels produced from these production runs
will in turn be shipped to select Alucoil clients for testing and
certification.
Michael Liik, Cymat's CEO was in
Spain the week of November 18th to meet with Alucoil
management to help plan these new product trials and discuss next
steps. He commented "After these significant delays in modifying
the production process, we are pleased to see the plant working and
operational. While this has been a frustrating time for both Cymat
and Alucoil, we are excited to now be moving forward
expeditiously".
Alucoil currently supplies over $300
million annually in aluminum composite panels to their
customers around the globe. These new metallurgically-bonded
aluminum foam-based sandwich panels have been developed to supply
multiple industries including transportation, construction, and
elevators with a strong, lightweight and fire-resistant solution.
Cymat will work closely with Alucoil to complete the testing and
transition to commercial production.
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.
About Alucoil:
Alucoil is a multinational company with factories on 4
continents and sales presence across 60 countries, specialized in
the manufacturing of advanced materials for building,
transportation and industrial applications. ALUCOIL manufactures
high quality products such as larson® composite panels,
larcore® honeycomb panels, anolac® corrugated
aluminum sheets, and termolac® powder coating. For further
information, visit the Web site www.alucoil.com.
SOURCE Cymat Technologies Ltd.