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Cymat Achieves Technical Advance to Significantly Reduce Material Cost
Cymat Achieves Technical Advance to Significantly Reduce Material Cost.
About this update from Cymat Technologies Ltd
[{"type":"text","content":"\n\n\n\n\nCymat Corp. Update - From Dr. Paul Tichauer\n\nListing: TSX\nSymbol: CYM\n\nTORONTO, Nov. 10 /CNW/ - As president and CEO of Cymat, I'm pleased to\npresent the first in a series of corporate updates. Our intention is that\nthese reports become a regular feature of Cymat's communications with its\nstakeholders.\nThis update reviews a significant advance Cymat has made in reducing the\ncost of the raw materials involved in producing our signature product,\nStabilized Aluminum Foam, or SAF.\nSAF is produced by bubbling a gas into molten alloyed aluminum containing\na dispersion of fine ceramic particles such as silicon carbide or aluminum\noxide. The presence of these particles is essential to achieving the stability\nand uniformity of the cellular structure within the SAF that make it such a\ndurable, lightweight and useful material.\nThe ceramic particles are a major component of the material cost of SAF.\nFor some time, we have known that if the volume of particles required to make\nSAF could be reduced, the overall cost of Cymat's products would be lower,\nmaking them cheaper for us to produce and more affordable for our customers to\nbuy.\nThrough a series of experiments, we have been able to reduce by 80% the\nceramic particles content needed to make SAF. This in turn has yielded an\noverall reduction of more than 50% in the raw material cost for our SAF. What\nmakes this development particularly remarkable is that, although we are now\nusing significantly fewer ceramic particles than ever, the SAF that Cymat is\nproducing exhibits no deterioration of material properties and, in fact, can\nnow be made with a smaller, more uniform cell structure.\nThe smaller cell structure also allows for finer detailing in the shape\nof parts produced with SAF. We believe that this advance provides us with the\ncapability to produce a product with small enough cross section and thin\nenough profile to make it feasible, for example, to place a foam core inside a\nvehicle sun visor.\nEssentially, by reducing the ceramic content, Cymat has pioneered a\nproduct that costs less to produce than before, is stronger because the cells\nare smaller, is more adaptable, can be put to more uses, and is more\naffordable for our customers. This achievement is particularly important as\nour clients, especially those in the automotive sector, are u...