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Cymat Technologies Ltd., a materials technology company, specializes in manufacturing and selling stabilized aluminum foam products globally. The company offers architectural materials under the Alusion brand name and automotive and blast mitigation products under the SmartMetal brand name. Serving sectors such as defense and military, automotive and transportation, architectural design, and other applications, Cymat Technologies Ltd. has made significant advancements in the industry. Recently, the company successfully completed dynamic physical impact testing of prototype automotive components for an OEM, showcasing innovative solutions in composite material technology. These results are paving the way for serial production pricing negotiations and potential collaborations to revolutionize the automotive industry. With exclusive ownership of cutting-edge design concepts and continuous innovation in Stabilized Aluminum Foam production, Cymat Technologies Ltd. continues to lead the market with its advanced, lightweight, and recyclable materials.
Cymat Technologies (TSXV: CYM) (OTCQB: CYMHF) reported record results for Q1 fiscal 2025, ending July 31, 2024. Highlights include:
- Record quarterly revenue of $2M with positive cashflow from operations
- Architectural business led sales with $1.8M of AlusionTM panels delivered
- Initial SmartMetalTM deliveries under long-term contracts in defense and energy sectors
- Shipped first 24 SmartMetalTM underbelly protection kits to Asian military vehicle manufacturer
- Began shipment of SmartMetalTM panels to NUVIA for nuclear power equipment protection
- Continued focus on automotive industry, particularly electrified vehicle platforms
CEO Michael Liik expressed satisfaction with the turnaround after a challenging fiscal 2024, highlighting the predictability of long-term contractual revenue from the SmartMetal division.
Cymat Technologies (TSXV: CYM) (OTCQB: CYMHF) has received a major order for SmartMetal™ panels used in the NuFoam™ solution, developed with partner NUVIA. The panels will protect sensitive nuclear industry equipment in France against external threats. The initial order is worth approximately $1M, part of a total $2.7M order from NUVIA.
This order marks a significant milestone for Cymat in the nuclear industry. France, with 70% of its domestic electricity derived from nuclear power, is refurbishing its aging nuclear plants. New regulations require life extension programs to protect against external threats, creating a strong market for Cymat's SmartMetal™ panels.
Cymat CEO Michael Liik expressed excitement about this new line of business, stating it lays a strong foundation for SmartMetal™ panel sales for years to come.
Cymat Technologies (TSXV: CYM, OTCQB: CYMHF) announced its first high-volume order for SmartMetal™ stabilized aluminum foam underbelly kits from an Asian military vehicle manufacturer. This order includes 24 kits, with expectations of a total 350 kits over three years for about 700 vehicles. Cymat has been supplying these kits in low volumes for 18 months and now moves to full-rate production. The estimated contract value is $4M-$5M. CEO Michael Liik anticipates this order will boost Cymat's prospects with other military vehicle manufacturers and accelerate business opportunities globally.
Cymat Technologies (TSXV: CYM) (OTCQB: CYMHF) will host an Investor Update call and presentation on Wednesday, July 3rd at 4:00 p.m. EDT.
The event aims to provide updates on the company's ongoing projects, programs, and initiatives. The presentation will occur via Zoom Meetings, with prior registration required.
Cymat specializes in Stabilized Aluminum Foam (SAF), a unique, ultra-light, recyclable material with applications in architectural, military, and automotive industries. The event details and registration link are available on their website.
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