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Cymat Announces Completion of Prototypes for Major German OEM
Listing: TSX Symbol: CYM TORONTO, Feb. 23 /CNW/ - Cymat Technologies Ltd (symbol CYM, TSX) announ...
About this update from Cymat Technologies Ltd
[{"type":"text","content":"\n\n\n\nListing: TSX\nSymbol: CYM\n\n\nTORONTO, Feb. 23 /CNW/ - Cymat Technologies Ltd (symbol CYM, TSX)\nannounces that it has completed its previously announced project of casting\nprototype parts for a 2010 vehicle platform on behalf of a leading German\nautomobile manufacturer using Cymat's proprietary aluminum foam technology\n(SAF).\n\n\nTim Hardman, the company's President said, "Following our November 17,\n2008 announcement of a project to investigate the use of Stabilized Aluminum\nFoam (SAF) to improve noise vibration and harshness properties in a specific\nchassis component for a major German OEM, I am pleased to announce that\nprototype parts have been completed and shipped to the customer for analysis.\nWe are pleased with our inhouse analysis of the parts."\n\n\n"In addition, the same OEM has expressed interest in the use of SAF as a\nstructural crash protection enhancement element for an existing model. We\nhave, in collaboration with our partners at Georg Fischer, submitted project\nspecifications and are awaiting their approval to proceed," he continued.\n\n\nAbout Cymat:\n\n\nCymat develops innovative materials for industry. The company has\nworldwide rights, through patents and licenses, for producing Stabilized\nAluminum Foam. The ultra-light metallic foam is manufactured by bubbling gas\nthrough molten alloyed aluminum containing a dispersion of fine ceramic\nparticles and can be produced as either Near-net Shapes or Flat Panels. The\nresult is a revolutionary material with a wide array of features including\nvery low density, mechanical energy absorption, thermal and acoustic\ninsulation, is recyclable, time and temperature insensitive and has a\nrelatively low cost of production. Cymat is collaborating with a number of\npartners spanning the automotive, architectural and blast mitigation\nindustries. For further information, visit the Web site www.cymat.com.\n\n\nThe foregoing press release contains forward-looking statements relating\nto the development of markets, development programs, future revenues and\nimprovements in technology, which are subject to important risks and\nuncertainties. The results or events predicted in these statements may differ\nmaterially from actual results or events. Factors which could cause results or\nevents to differ from current expectations include the...