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CYMAT confirms additional $1.6 million order for Audi Dealer Showrooms
CYMAT confirms additional $1.6 million order for Audi Dealer Showrooms.
About this update from Cymat Technologies Ltd
[{"type":"text","content":"\n\n\n\nListing: TSX\n\n\nSymbol: CYM\n\n\nTORONTO, Sept. 5 /CNW/ - Cymat Technologies Ltd. ("Cymat") today\nannounced that it has confirmed additional orders from Isaria Corporate Design\nGmbH for Cymat's architectural Alusion product used in Audi dealer showroom's\nHighlight Platforms. The Highlight Platforms have been an important component\nof the new Audi R8 launch worldwide.\n\n\nThese orders, valued at $1.6 million, are part of the continuing program\nto supply Audi dealers worldwide with Highlight Platforms. These orders are an\nimportant confirmation of Cymat's transition into a revenue focused operation\nand success in transitioning its R&D facility into a production operation.\n\n\nCymat worked diligently to meet previous quantity demands for Isaria and\nAudi. This follow on order affirms our ability to keep a volume customer\nsatisfied.\n\n\n"Delivering on the initial order from Isaria posed many challenges that\nwe overcame and these follow-on orders bode well for more sales to Isaria,\nAudi and other users of Cymat aluminum foams." said Philip Neukom, Executive\nVice President of Operations at Cymat.\n\n\nAudi has approximately 3,000 showrooms worldwide. Cymat's Alusion product\nis employed to showcase Audi's lead in the use of light-weight materials and\nadvanced technologies in their vehicles.\n\n\nCymat has additional demand for its Alusion products making headway in\nboth its automotive and blast mitigation initiatives previously announced.\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 new strategic material with a wide array of benefits, including a\ngood stiffness-to-weight ratio, mechanical energy absorption at low stress\nlevels, thermal and acoustic insulation, recyclability and relatively low cost\nof production. Cymat is collaborating with a number of partners spanning the\nautomotive, transportation and blast mitigation construction industries.\n\n\nThe foregoing press release contains forward-looking statements relating\nto the ...