Listing: TSX
Symbol: CYM
TORONTO, March 26 /CNW/ - Cymat announces that it had received acceptance from Georg Fischer for its aluminum foam filled OEM prototype part using its proprietary aluminum foam technology. This part from a German OEM was announced September 18, 2007 by Cymat.
Georg Fischer Automotive is a leading global automotive parts supplier and manufacturing partner for Cymat.
This is the first time that a complex hollow aluminum part has been filled with aluminum foam and is a major accomplishment for the company.
The part was filled at Cymat's facility in Toronto and was successfully completed as a result of a team effort by Georg Fischer and Cymat and is regarded as a very important achievement for our companies and validation of our partnership.
One of the challenges was to manage the similar melting points of both materials in such a way as to not deform or melt the target part while at the same time filling complex sections. The technical skills that were brought to bear by Georg Fischer and Cymat were significant and are the result of know-how built on protected intellectual property.
"Cymat is very satisfied with the result on many fronts including foam density and filling completeness, the high rate of process and the dramatic reduction in NVH (noise vibration and harshness) that was achieved" said Chris Skillen. "NVH is a very important element in automotive design as it has a large impact on passenger comfort", he continued.
"Georg Fischer has experienced a major increase in automaker demands for lighter components while at the same time requiring reduced NVH associated with lighter parts" said Georg Fischer's Dr. Leopold Kniewallner, Head of Research and Development in Schaffhausen. "This recent result with the prototype component is important confirmation that Cymat aluminum foam has an important role to play in the future of light weighting of automobiles", he continued.
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.