Listing: TSX-V
Symbol: CYM
TORONTO, March 31, 2020 /CNW/ - Cymat Technologies
Ltd. (the "Company" or "Cymat") announces that pursuant to the
blanket relief granted by the Canadian Securities Administrators it
will not be filing its interim financial statements for the quarter
ended January 31, 2020, and
the related management's discussion and
analysis, as required by Parts 4 and 5 of National Instrument
51-102 - Continuous Disclosure Obligations (collectively,
the "Interim Filings") by the filing deadline of March 31, 2020. The Company expects to report
results on or about April 30, 2020,
and is afforded a postponement up to a maximum 45-day extension
pursuant to blanket relief for all market participants granted by
the Canadian Securities Administrators.
Other than as disclosed in the Company's press releases, there
have not been any material business developments since the date of
that the last interim financial statements of the Company were
filed.
The Company confirms that its management and other insiders are
subject to an insider trading black-out policy that reflects the
principles in section 9 of National Policy 11-207
– Failure-to-File Cease Trade Orders and Revocations in
Multiple Jurisdictions, such that they are in a black-out
period until the commencement of the second trading day after the
Interim Filings have been disclosed by way of a news release.
Cymat's primary focus during these challenging times is ensuring
a safe and healthy environment for its workforce, and continuing to
serve the needs of its international customers spanning the
architectural, blast mitigation, energy management and automotive
industries.
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.