Business
Cymat Announces High-Profile Architectural Orders
TORONTO, Oct. 2 /CNW/ - Cymat Technologies Ltd. (TSX: CYM), a Toronto-based manufacturer and lice...
About this update from Cymat Technologies Ltd
[{"type":"text","content":"\n\n\n\nTORONTO, Oct. 2 /CNW/ - Cymat Technologies Ltd. (TSX: CYM), a\nToronto-based manufacturer and licensor of stabilized aluminum foam products\ntargeting the automotive, blast mitigation, and architectural markets,\nannounced today that it has received and delivered two orders totaling\napproximately $400,000 for its architectural product - Alusion. In both cases,\nthe material was installed in high-profile, marquee projects.\n\n\nOne order was produced for a major venue at the 2010 Winter Olympics in\nVancouver. Alusion will be installed in the lobby of the Vancouver Convention\nCentre, a focal point for gatherings at the Olympics.\n\n\nAnother order was produced for Microsoft, the world's largest software\ncompany. Alusion panels were purchased for use in its new office buildings in\nMassachusetts, USA.\n\n\n"We are very excited about the exposure that Alusion will receive in\nthese marquee projects - further validating Alusion's brand in the\narchitectural industry," said Tim Hardman, President of Cymat. "With these\norders and the pipeline of others that we have bid on, Cymat is well\npositioned to grow its architectural products business, in keeping with its\naggressive strategy to reach profitability."\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 m...