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CYMAT ANNOUNCES RECEIPT OF NEXT ORDER OF UNDERBELLY KITS FOR ASIAN MILITARY
CYMAT ANNOUNCES RECEIPT OF NEXT ORDER OF UNDERBELLY KITS FOR ASIAN MILITARY Canada News...
About this update from Cymat Technologies Ltd
[{"type":"text","content":"\n\n\n\n CYMAT ANNOUNCES RECEIPT OF NEXT ORDER OF UNDERBELLY KITS FOR ASIAN MILITARY\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 June 26, 2025\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 SmartMetal\n \n TM\n \n , a division of Cymat, has received its next serial production order to provide stabilized aluminum foam underbelly kits to an Asian military vehicle manufacturer. This purchase order consists of 48 blast-protection kits with an order value of\n \n $510,000\n \n .\n \n\n\n\n\n\n\n\n\n This is the second purchase order received under our customer's full-rate production schedule. The initial 24-kit purchase order was announced in July of 2024 and shipped to the Asian OEM in August/September. These underbelly kits are fitted to personnel transportation vehicles being purchased by our customer's National Armed Forces\n \n\n The customer's production schedule calls for a further 25 kits to be ordered in the fall of this year. The entire supply contract is expected to result in the delivery of 350 SmartMetal\n \n TM\n \n blast protection systems over a 3-year period. The full value of this contract to Cymat is estimated to be in the\n \n $4M\n \n -\n \n $5M\n \n range. This National Armed Force is acquiring a fleet of 700 of these vehicles from our customer. The global trend for increased national defense spending, such as the commitments recently made by NATO member countries, is expected to provide Cymat's customer with enhanced sales opportunities for their vehicles.\n \n\n\n Michael Liik\n \n , Cymat CEO and Chairman said \"We extremely pleased to see a ramp up of orders from our long time customer and anticipate that order sizes will continue to increase over the next 12 months.\"\n \n\n\n\n About Cymat Technologies Ltd.\n \n\n\n\n Cymat Technologies Ltd. has the global rights, through patents and established know-how, to manufacture and sell Stabilized Aluminum Foam (\"SAF\"), a unique, ul...