Listing: TSX Symbol: CYM TORONTO, May 9 /CNW/ - As previously disclosed, during the second quarter of fiscal 2005 Cymat initiated infringement proceedings against an Austrian company and sought an interim injunction to prevent it from further infringing Cymat's patented metal foam production process. As also previously disclosed, during the third quarter of fiscal 2005 the Commercial Court of Vienna (the "Court") confirmed its decision to issue the interim injunction against the Austrian company. Once issued, the injunction prevents the Austrian company from practicing Cymat's aluminum foam process and from selling, offering for sale, using and /or possessing aluminum foam products manufactured according to such process until the Court renders its final decision regarding the infringement suit. During the fourth quarter of fiscal 2005 the Court formally issued the interim injunction against the Austrian company after Cymat posted the required security bond of (euro) 1,000,000 (approx. $1,600,000). As expected, the Austrian company has exercised its right of appeal. Cymat has filed its response and the appeal is being considered. Cymat will continue to vigorously employ all legal remedies to enforce its patents. About Cymat Cymat develops innovative materials for industry. The company has exclusive worldwide rights, through patents and licenses, for producing stabilized aluminum foam product. The foam is manufactured by bubbling gas through molten alloyed aluminum containing a dispersion of fine ceramic particles and is used to create lightweight panels and shapes. The result is a revolutionary material with a wide array of benefits, including ultra-light weight, mechanical energy absorption, thermal and acoustic insulation, recyclability and relatively low cost of production. Cymat's research and development group is collaborating with a number of partners spanning the automotive, transportation and construction industries. The company's principal focus is on automotive, where aluminum foam is ideally suited to the industry's objectives to make vehicles lighter, safer and better for the environment. For further information, visit the Web site www.cymat.com. 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 Corp. with the Ontario Securities Commission. Cymat Corp. disclaims any intention or obligation to update or revise any forward-looking statements.
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