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Cymat Provides Military and Joint Venture Update
Cymat Provides Military and Joint Venture Update Canada NewsWire TORONTO, June 2...
About this update from Cymat Technologies Ltd
[{"type":"text","content":"\n\n\n\nCymat Provides Military and Joint Venture Update\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\nCanada NewsWire\nTORONTO, June 20, 2018\n\n\n\nListing:           TSX-V    Symbol:          CYM                                              \n\n\n\nTORONTO, June 20, 2018 /CNW/ - Today, Cymat Technologies Ltd. (\"Cymat\") provided an update on the progression of business development activities pertaining to military vehicles and the joint venture sandwich panel initiatives.  \n\nOn the military vehicle front, Cymat has been developing a version of its SmartMetalTM material for Science Applications International Corp. (\"SAIC\") - one of only two companies competing to provide the U.S. Marines with the next-generation Amphibious Combat Vehicle (the \"ACV\").  SmartMetalTM kits provided the SAIC version of the ACV with capabilities vital to satisfying the Marines' functional requirements for the vehicle.  Unfortunately, the Marines have selected the other competing firm to be the provider of ACVs. \"While the Marines selection is disappointing to Cymat,\" said Michael Liik, Cymat Executive Chair, \"I believe that our collaboration with SAIC on the ACV project has the potential to provide longer range benefits for the adoption of SmartMetalTM in military vehicle applications.\"\n\nCymat continues to work closely with Alucoil SA., our venture partner, on the completion of a pilot production line for the manufacture of aluminum sandwich panels with Cymat's Stabilized Aluminum Foam (\"SAF\") as the panel core. The pilot panel brazing line in Spain is expected to be completed in August.  At that time Cymat will deliver recently developed SAF panels, produced at the Ontario location, with an aluminum alloy and metal mat...