Cymat signs long term auto licensing agreement with Georg Fischer

Listing: TSX
Symbol: CYM

TORONTO, Nov. 28 /CNW/ - Cymat Technologies Ltd. announced today that it
has entered into a licensing agreement with Georg Fischer Automotive (GF), a
global automotive supplier with annual revenues in excess of $1.5 billion, to
develop and manufacture automotive components utilizing Cymat's proprietary
Low Pressure Foam Casting (LPFC(TM)) aluminum foam technology.
The agreement provides GF with exclusive global rights on a
component-by-component basis in exchange for meaningful royalty payments to
Cymat. These royalty payments commence in the development phase of the
component and end with completion of platform production. GF has commenced
with preliminary development work on numerous components utilizing Cymat's
LPFC(TM) aluminum foam technology and Cymat expects that many of these will
become royalty generating programs in the near future.
"This unique agreement addresses Cymat's requirement to generate early
automotive revenues in an industry that is traditionally characterized by long
lead times to production," said Michael Liik, Executive Chairman of Cymat. "In
addition, this agreement provides Cymat with the flexibility to license other
component producers and automotive manufacturers in different markets and
provides an excellent template for this expansion," he added.
This agreement is the culmination of a two-year development program with
GF during which time Cymat's LPFC(TM) technology was industrialized to meet
the large volumes demanded by GF customers and prospects.
"We are pleased to evolve our two-year partnership from a development
phase to a full licensing agreement," said Beat Ruckstuhl, Vice President
Research and Development of GF. He went on to say, "We hope the strong
interest we are receiving from our customers for various aluminum foam
components based on Cymat's LPFC(TM) technology will translate into commercial
production in the near future."
"This development is consistent with Cymat's new strategy to migrate from
a research focused company to one that has early and growing revenues in the
automotive sector," said Chris Skillen, CEO of Cymat "Georg Fischer is an
excellent partner on many fronts and their endorsement of Cymat's LPFC(TM)
technology bodes well for our company," he continued.

About Georg Fischer:

GF Automotive, the automotive division of Georg Fischer AG, is an
internationally oriented corporate group with twelve production plants in
three countries (Germany, Austria, China). Our activities focus on the
development and production of highly stress-resistant die-castings for the
automotive industry and its suppliers. GF Automotive is a technological
pioneer and market leader within its segment in Europe for all casting
processes (sand casting, gravity die casting, pressure die casting) and
materials (iron, aluminum, magnesium) relating to series production. GF
Automotive is one of the hundred largest automotive suppliers internationally.
The corporate group has 5,800 employees worldwide and achieved a turnover of
1.75 billion Swiss francs (around 1.2 billion euros) in 2005.

About Cymat:

Cymat develops innovative materials for industry. The company has
exclusive worldwide rights, through patents and licenses, for producing
Stabilized Aluminum Foam. The ultra-light metallic foam is manufactured by
bubbling gas through molten alloyed aluminum containing a dispersion of fine
ceramic particles and can be produced as either Near-net Shapes or Flat
Panels. The result is a new strategic material with a wide array of benefits,
including a good stiffness-to-weight ratio, mechanical energy absorption at
low stress levels, thermal and acoustic insulation, recyclability and
relatively low cost of production. Cymat is collaborating with a number of
partners spanning the automotive, transportation, blast mitigation and
construction industries.

The foregoing press release contains forward-looking statements relating
to the development of markets, development programs, future revenues and
improvements in technology, which are subject to important risks and
uncertainties. The results or events predicted in these statements may differ
materially from actual results or events. Factors which could cause results or
events to differ from current expectations include the availability of
funding, existing and future relationships with suppliers and manufacturers,
the results of research and development activities, risks of technological
breakthroughs that make Cymat stabilized aluminum foam less attractive, risks
relating to the breadth, scope and enforceability of intellectual property
rights, general industry and market conditions, availability of qualified
personnel, and reliance on co-development partners. For additional information
with respect to these and other factors, see the reports filed by Cymat
Technologies Ltd. with the Ontario Securities Commission. Cymat Technologies
Ltd. disclaims any intention or obligation to update or revise any
forward-looking statements.