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CYMAT ANNOUNCES MAJOR NUCLEAR ORDER
CYMAT ANNOUNCES MAJOR NUCLEAR ORDER Canada NewsWire MISSISSAUGA, ON , ...
About this update from Cymat Technologies Ltd
[{"type":"text","content":"\n\n\n\n CYMAT ANNOUNCES MAJOR NUCLEAR ORDER\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n MISSISSAUGA, ON\n \n\n ,\n \n\n Aug. 12, 2024\n \n\n /CNW/ - Cymat Technologies Ltd. (TSXV: CYM) (OTCQB: CYMHF) (the \"\n \n Company\n \n \" or \"\n \n Cymat\n \n \") is pleased to announce that it has received its first major order for SmartMetal™ panels used inside the NuFoam™ solution developed with our partner NUVIA. These panels will protect sensitive nuclear industry equipment in\n \n France\n \n against external aggression. This order of approximately\n \n $1M\n \n is the first phase of a total\n \n $2.7M\n \n order from NUVIA.\n \n\n\n\n\n\n\n\n\n Cymat has been collaborating with NUVIA to integrate SmartMetal\n \n ™\n \n panels within Nufoam\n \n ™\n \n solutions to protect nuclear facilities against external threats including extreme weather and terrorism while also reducing the consequences of seismic events. NUVIA has worked for years to qualify solutions that fulfill nuclear industry requirements/processes and to provide solutions for nuclear operator needs to maintain and secure their installations.\n \n\n\n France\n \n has the largest share of domestic electricity derived from nuclear power at 70% and is in the process of refurbishing a significant portion of its aging nuclear plants. New regulations require plants destined for life extension programs to now protect against external threats as described above.\n \n\n Cymat CEO and Chairman\n \n Michael Liik\n \n stated \"We are very excited to receive this first major order for a new application in the nuclear industry. Our partner, NUVIA, has advised that they expect to be placing similar size orders on a regular basis to service the extensive ongoing life extension programs for nuclear plants in\n \n France\n \n .\" He went on to say that \"This new line of business lays a strong foundation Cymat SmartMetal\n \n ™\n \n panel sales for years to come.\"\n \n\n\n\n About Cymat Technologies Ltd.\n \n\n\n\n Cymat Technologies Ltd. h...