Cymat Announces New Director

Listing: TSX
Symbol: CYM

TORONTO, Oct. 10 /CNW/ - Cymat Technologies Ltd. (TSX: CYM), a Toronto-based manufacturer and licensor of stabilized aluminum foam ("SAF") products, targeting the automotive, architectural and blast mitigation markets, announced the appointment of Mr. Bill Pettipas as a new corporate director.

Mr. Pettipas brings to Cymat a wealth of experience in the military and defense industries. He started his career in the Canadian Armed Forces rising to the position of Colonel by retirement. Thereafter, he moved to the private sector with General Motors rising to the position of Executive Director, GM Defense and Vice President of General Motors of Canada. Prior to retirement from GM, Mr. Pettipas facilitated the sale of GM Defense to the General Dynamics Corporation. Currently, he holds the position of Senior Business Development Advisor with Armatec Survivability Corp, a major producer of blast-resistant military vehicle seating systems.

"We are honoured to have someone of Bill Pettipas's pedigree and experience join the Cymat Board" said Michael Liik, Executive Chairman of Cymat. He added "with Cymat's strong push into the blast mitigation market, Mr. Pettipas guidance and counsel should prove invaluable".

About Cymat:

Cymat develops innovative materials for industry. The company has worldwide rights, through patents and licenses, for producing Stabilized Aluminum Foam. The ultra-light metallic foam is manufactured by bubbling gas through molten alloyed aluminum containing a dispersion of fine ceramic particles and can be produced as either Near-net Shapes or Flat Panels. The result is a revolutionary material with a wide array of features including very low density, mechanical energy absorption, thermal and acoustic insulation, is recyclable, time and temperature insensitive and has a relatively low cost of production. Cymat is collaborating with a number of partners spanning the automotive, architectural and blast mitigation industries. For further information, visit the Web site www.cymat.com.

The foregoing press release contains forward-looking statements relating to the development of markets, development programs, future revenues and improvements in technology, which are subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include the availability of funding, existing and future relationships with suppliers and manufacturers, the results of research and development activities, risks of technological breakthroughs that make Cymat stabilized aluminum foam less attractive, risks relating to the breadth, scope and enforceability of intellectual property rights, general industry and market conditions, availability of qualified personnel, and reliance on co-development partners. For additional information with respect to these and other factors, see the reports filed by Cymat Technologies Ltd. with the Ontario Securities Commission. Cymat Technologies Ltd. disclaims any intention or obligation to update or revise any forward-looking statements.

%SEDAR: 00024103E