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MISSISSAUGA, ON, Jan. 6, 2022 /CNW/ - Cymat Technologies Ltd.
(TSXV: CYM) (the "Company" or "Cymat") is
providing the following update on the status of the AGM to be held
on January 13, 2022 at 10:30 a.m. EST.
Cymat originally planned to hold an in-person shareholder
meeting (the "Meeting") at their Mississauga office and manufacturing facility
as indicated in the Notice of Annual Meeting of Shareholders issued
on December 7, 2021. However, due to
a significant increase in the Covid-19 case counts, the Government
of Ontario has enacted
restrictions which include a limit on indoor public gatherings to a
maximum of five (5) persons. As a result of these restrictions and
Cymat's concern for the health and safety of its employees,
shareholders and the community at large, the Meeting will no longer
be in-person.
The formal portion of the Meeting which includes voting on
matters as described in the Management Information Circular
dated December 7, 2021, will still
take place as scheduled. However, shareholders will not be
permitted to physically attend the meeting. Management strongly
encourages shareholders to submit their votes in advance of the
meeting and prior to the cutoff time of 10:30 a.m. (EST) on January 11, 2022, either by voting online at
www.voteproxyonline.com or by voting facsimile at
(416) 595-9593.
Historically, the formal portion of the Meeting has been
followed by a management presentation providing an update on
Cymat's operational and business development activities. That
informal portion of the meeting will be postponed to a future date
when such an in-person gathering can be safely held.
About Cymat Technologies Ltd.
Cymat Technologies Ltd. has the global rights, through patents
and established know-how, to manufacture and sell Stabilized
Aluminum Foam ("SAF"), a unique, ultra-light, cellular metallic
material. The proprietary production process entails the injection
of gases through a molten bath of alloyed aluminum infused with
ceramic particles. The result is an advanced, lightweight,
recyclable material that exhibits unique characteristics including:
customizable density and dimensions; mechanical energy absorption;
thermal and acoustic insulation; and time, temperature and
strain-rate insensitivity. A key benefit of this continuous foam
production process is its scalability and resultant low cost of
production. SAF is used in such industries as architectural design,
military and automotive. Cymat markets its architectural SAF under
the AlusionTM brand and its automotive and military SAF
under the SmartMetalTM brand. For further information ,
please visit our website at www.cymat.com.
Certain information set forth in this news release may
contain forward-looking statements that involve substantial known
and unknown risks and uncertainties. All statements other than
statements of historical fact are forward-looking statements,
including, without limitation, statements regarding future
financial position, business strategy, use of proceeds, corporate
vision, proposed acquisitions, partnerships, joint-ventures and
strategic alliances and co-operations, budgets, cost and plans and
objectives of or involving the Company. Such forward-looking
information reflects management's current beliefs and is based on
information currently available to management. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "predicts", "intends",
"targets", "aims", "anticipates" or "believes" or variations
(including negative variations) of such words and phrases or may be
identified by statements to the effect that certain actions "may",
"could", "should", "would", "might" or "will" be taken, occur or be
achieved. A number of known and unknown risks, uncertainties and
other factors may cause the actual results or performance to
materially differ from any future results or performance expressed
or implied by the forward-looking information. These
forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of the
Company including, but not limited to, the impact of general
economic conditions, industry conditions and dependence upon
regulatory approvals. Certain material assumptions regarding such
forward-looking statements may be discussed in this news release
and the Company's annual and quarterly management's discussion and
analysis filed at www.sedar.com. Readers are cautioned that the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company does not assume any
obligation to update or revise its forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as required by securities laws.
No securities regulatory authority has either approved or
disapproved of the contents of this news release. The Shares have
not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, or any state securities laws,
and may not be offered or sold in the
United States, or to or for the account or benefit of any
person in the United States,
absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy any common
shares in the United States, or in
any other jurisdiction in which such offer, solicitation or sale
would be unlawful. We seek safe harbour.
Neither the Toronto Venture Exchange (TSXV) nor its Market
Regulator (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this news
release.
SOURCE Cymat Technologies Ltd.