MISSISSAUGA, ON, July 17,
2023 /CNW/ - Cymat Technologies Ltd. (TSXV: CYM)
(OTCQB: CYMHF) (the "Company" or "Cymat") is pleased
to announce that Chairman and CEO, Michael
Liik, will be hosting a comprehensive webinar at
4 pm on July
20, 2023, to provide a detailed update on the recently
published summary of corporate achievements. The Company is making
significant strides in its key business verticals – architecture,
automotive and military – which are expected to generate meaningful
revenue by the fiscal year-end.
Investors and interested parties are invited to join the webinar
via the below Zoom link. (We are limited in the attendance, so
please register ASAP.)
https://us06web.zoom.us/meeting/register/tZIlcO6gqzopEtwMCLIWXhzxIz_n0veLCgDM
This interactive forum will provide a deeper understanding of
Cymat's business strategies, initiative updates and future plans,
reflecting the Company's commitment to transparency and stakeholder
communication.
In the webinar, Mr. Liik will offer insights into the following
key areas:
Automotive: Update on the prototyping and testing stages
of the SmartMetalTM composite solution for electric
vehicle battery enclosure impact protection and the status of
development agreements with a global automotive OEM.
Military: Progress in negotiations for a long-term serial
production contract for underbelly blast protection kits with an
Asian military vehicle manufacturer, and updates on multi-threat
panel production.
Nuclear: Impending multi-million-dollar panel order
for a major new nuclear installation in France, marking a new use-case for
SmartMetalTM in the industry.
Non-Lethal Bullets: Renewed interest from Nobel
Sport for a further order of 25,000 SmartMetalTM
cylinders for the French military.
Architecture/Design: Anticipation of a record order
pipeline for AlusionTM, bolstered by recent improvements
in agent and distributor performance.
Sandwich Panels: Ongoing efforts to perfect the
brazing technology in partnership with Rio Tinto and the
National Research Council of
Canada
Immediately following the presentation, a Q&A session with
Mr. Liik will afford participants the opportunity to
ask detailed questions about the Company's developments and future
plans.
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.
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SOURCE Cymat Technologies Ltd.