Listing: TSX Symbol: CYM
TORONTO, June 15 /CNW/ - Cymat Technologies Ltd. is pleased announce the appointment of Mr. Jim Johnson as its new Vice President of Operations and Mr. Kevin Smith as its new Vice President of Business Development. In addition, Mr. Greg Skvortsoff, currently Product Manager Defence, shall continue to lead our marketing and technical effort for blast mitigation and take direct responsibility for business development of our automotive products.
Mr. Johnson brings to Cymat an extensive background in manufacturing and operations with expertise in lean manufacturing, business planning, IT implementation and quality excellence. Jim also possesses a five year degree in Mechanical Engineering and Management. He is replacing Philip Neukom who was in the role since July 2006.
Mr. Smith has an extensive business development background selling into our 3 verticals Automotive, Architectural and Military. Kevin fills this newly creative position, focusing on growth of our architectural and blast mitigation businesses. He has completed Six Sigma Green Belt Training and Lean Leadership Training as well as a Bachelor of Science and an MBA.
"The addition of Kevin and increase in Greg's responsibilities, illustrates our company's anticipate growth in our 3 lines of business by adding capacity to our business development, marketing and technical support activities," said Tim Hardman, President of Cymat. "With Jim's extensive operational experience, I am confident that under his leadership we will produce world class products and services exceeding our customer's expectations through operational excellence," he added.
About Cymat:
Cymat develops innovative materials for industry. The company has 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 revolutionary material with a wide array of features including very low density, mechanical energy absorption, thermal and acoustic insulation, is recyclable, time and temperature insensitive and has a relatively low cost of production. Cymat is collaborating with a number of partners spanning the automotive, architectural and blast mitigation industries. 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 Technologies Ltd. with the Ontario Securities Commission. Cymat Technologies Ltd. disclaims any intention or obligation to update or revise any forward-looking statements.
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