Listing: TSX Symbol: CYM
TORONTO, Jan. 26 /CNW/ - Cymat Technologies Ltd. (TSX: CYM), a Toronto-based manufacturer and licensor of stabilized aluminum foam ("SAF") products, targeting the automotive, architectural and blast mitigation markets, announces the appointment of Major-General (Ret'd) Lewis MacKenzie as a new corporate director.
Major-General (Ret'd) Lewis Wharton MacKenzie, C.M., O.Ont. MSC and bar, CD, is a retired Canadian general, author and media commentator. He is most recognized for establishing and commanding Sector Sarajevo as part of the United Nations Protection Force (UNPROFOR) in Yugoslavia in 1992.
Major-General (Ret'd) MacKenzie brings to Cymat a wealth of experience in the military. During his 36 year military career he served with NATO Forces in Germany for nine years and volunteered for nine peacekeeping missions in the Gaza Strip, Cyprus, Viet Nam, Cairo, Central America and Sarajevo.
Since his retirement from the Canadian Forces in 1993 MacKenzie has joined numerous Corporate Boards headquartered in Canada and The United States. Following the attacks of 9/11 he was appointed one of two advisors to the Premier of Ontario on counter-terrorism and emergency measures. He has received numerous honours including the Vimy award and is a Member of the Order of Canada and the Order of Ontario for his humanitarian work in Africa.
"We are honoured to have someone of Major-General (Ret'd) MacKenzie's pedigree and experience join the Cymat Board" said Michael Liik, Executive Chairman of Cymat. He added "Given Cymat's considerable corporate emphasis on blast mitigation markets, Major-General (Ret'd) MacKenzie's knowledge and guidance should prove invaluable".
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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