Listing: TSX-V
Symbol: CYM
TORONTO, March 27, 2020 /CNW/ - Cymat Technologies
Ltd. (the "Company" or "Cymat") is pleased to announce the
successful completion of its new proprietary-alloy foam panel
production runs. These panels have now been shipped to Alucoil,
Cymat's Spanish joint venture partner, for the commencement of new
brazed sandwich panel product trials.
With the assistance of experts from Cymat's raw material
supplier Rio Tinto Alcan, Cymat was able to produce foam panels of
a complex new raw material that is specifically designed to
withstand the rigours of commercial-scale brazing. These new panels
should expedite the completion of product trials at Alucoil.
Upon the successful completion of these trials, the JV will
begin initial production runs and the panels produced will, in
turn, be shipped to select Alucoil clients for testing and
certification.
Michael Liik, Cymat's CEO,
stated, "Our most recent alloy modifications represent an
evolutionary leap over previous iterations sent to Alucoil for
product trials. This could only have been achieved through the high
degree of co-operation between Cymat's new European-based CTO and
globally-sourced experts at Rio Tinto Alcan." He further
commented, "Cymat stands in solidarity with Alucoil as we manage
operations while simultaneously safeguarding the health and welfare
of our team members in light of the challenges presented by the
COVID-19 pandemic."
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.