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CYMAT ANNOUNCES SUCCESSFUL AUTOMOTIVE PROTOTYPE TEST RESULTS - MOVES TOWARDS SERIAL PRODUCTION PRICING
CYMAT ANNOUNCES SUCCESSFUL AUTOMOTIVE PROTOTYPE TEST RESULTS - MOVES TOWARDS SERIAL PRODUCTION PR...
About this update from Cymat Technologies Ltd
[{"type":"text","content":"\n \n \n \n CYMAT ANNOUNCES SUCCESSFUL AUTOMOTIVE PROTOTYPE TEST RESULTS - MOVES TOWARDS SERIAL PRODUCTION PRICING\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 Sept. 12, 2023\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 the successful completion of its dynamic physical impact testing of prototype automotive components for an electric vehicle automotive manufacturer (\"OEM\"). Based on these results, Cymat expects to commence with serial production pricing negotiations with the OEM that should result in a purchase order.\n \n \n \n \n \n \n \n \n \n The Company's\n \n June 20, 2023\n \n , press release described, in detail, its advancement to this prototyping and dynamic physical testing stage. Cymat's innovative composite solution for the underside impact protection of a new electric vehicle's battery enclosure represents a departure from the traditional industry solution for this component. Rather than using a machined, high-strength steel plate, Cymat, together with its design partner Tesseract Structural Innovations Inc. (\"Tesseract\"), have developed an advanced aluminum sandwich structure featuring an ultra-thin version of its high density SmartMetal\n \n ™\n \n .\n \n \n The component testing, conducted at the National Institute for Aviation Research in\n \n Wichita Kansas\n \n , involved propelling a trailer hitch ball to strike the prototype with a force of 120 Joules, equivalent to a speed of 48 miles per hour. The physical test results correlated with the simulated design results within a remarkably low variability range by industry standards.\n \n \n Reduced component weight, increased energy absorption and reduced post-crash deflection were the OEM's stipulated design requirements. As compared to the equivalently tested high-strength steel plate, test results for the Cymat component demonstrated a 27% reduction in component weight, a 27% reduction in post-crash def...