Business
CYMAT REPORTS FISCAL 2011 - SECOND QUARTER RESULTS
CYMAT REPORTS FISCAL 2011 - SECOND QUARTER RESULTS
About this update from Cymat Technologies Ltd
[{"type":"text","content":"\n\n\n\n Dec. 13, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nListing: TSX\nSymbol: CYM\n\n\nTORONTO, Dec. 13 /CNW/ - Cymat Technologies Ltd (symbol CYM, TSX) today\n reported revenue of approximately $0.1 million for the second quarter\n ended October 31, 2010, compared with revenue of approximately $0.4\n million for the same period in the prior fiscal year.\n\n\nThe net loss for the quarter was $1.5 million compared to $1.3 million\n for the same period in the prior year.\n\n\nHighlights for the quarter were:\n\n\n\nOn September 9, 2010, the Company announced the appointment of David\n Fowler as its new President and Chief Operating Officer. Mr. Fowler was\n Group Vice President of Woodbridge Foam Corporation and brings\n extensive executive leadership experience with particular expertise in\n technical foam products with long sales cycles.\n\n\nSignificant progress was made in the blast mitigation and the military\n arena with the Company continuing to work very closely with OEM's,\n armor integrators and US officials on specific retrofit programs. The\n Company has been diligently working with its military partners ensuring\n that their dynamic timelines and high standards are met during their\n evaluation phase of each program.\n\n\nOn August 11, 2010 Cymat shareholders approved (the "Approval") the\n conversion of subscription receipts into common shares and common share\n purchase warrants issued as part of the private placement that closed\n on April 19, ...