CYMAT ANNOUNCES JOINT DEVELOPMENT AGREEMENT WITH MAJOR JAPANESE TRADING AND MANUFACTURING CO.
Cymat Technologies (CYMHF) has entered into a Joint Development Agreement with a major Japanese trading and manufacturing company to develop innovative automotive solutions for EV battery function and protection. The partnership's initial focus is developing a lightweight, multi-functional EV battery encasement for a specific Japanese OEM.
The project builds upon Cymat's existing composite solution featuring stabilized aluminum foam (SAF) sandwich structure, which has demonstrated 40% weight reduction and 15% cost savings compared to traditional high-strength steel solutions. The partnership is currently conducting physical testing of the enhanced design and pursuing patent protection. Discussions are ongoing with a major Japanese Tier 1 automotive manufacturer for component assembly.
Cymat Technologies (CYMHF) ha stipulato un Accordo di Sviluppo Congiunto con una importante azienda giapponese di commercio e produzione per sviluppare soluzioni innovative nel settore automobilistico per la funzionalità e la protezione delle batterie EV. L'obiettivo iniziale della partnership è di sviluppare un involucro leggero e multifunzionale per batterie EV per un OEM giapponese specifico.
Il progetto si basa sulla soluzione composita esistente di Cymat, caratterizzata da una struttura a sandwich in schiuma di alluminio stabilizzata (SAF), che ha dimostrato una riduzione del peso del 40% e un risparmio sui costi del 15% rispetto alle tradizionali soluzioni in acciaio ad alta resistenza. Attualmente la partnership sta conducendo test fisici del design migliorato e perseguendo la protezione brevettuale. Sono in corso discussioni con un importante produttore automobilistico giapponese di livello 1 per l'assemblaggio dei componenti.
Cymat Technologies (CYMHF) ha entrado en un Acuerdo de Desarrollo Conjunto con una importante empresa japonesa de comercio y fabricación para desarrollar soluciones automotrices innovadoras para la función y protección de la batería EV. El enfoque inicial de la asociación es desarrollar un encapsulamiento ligero y multifuncional para baterías EV para un OEM japonés específico.
El proyecto se basa en la solución compuesta existente de Cymat, que presenta una estructura sándwich de espuma de aluminio estabilizada (SAF), que ha mostrado una reducción de peso del 40% y un ahorro de costos del 15% en comparación con las soluciones de acero de alta resistencia tradicionales. Actualmente, la asociación está realizando pruebas físicas del diseño mejorado y buscando protección de patente. Las discusiones están en curso con un importante fabricante automotriz japonés de nivel 1 para el ensamblaje de componentes.
Cymat Technologies (CYMHF)는 일본의 주요 무역 및 제조 업체와 공동 개발 계약을 체결하여 EV 배터리 기능 및 보호를 위한 혁신적인 자동차 솔루션을 개발하고 있습니다. 파트너십의 초기 초점은 특정 일본 OEM을 위한 경량 다기능 EV 배터리 인클로저를 개발하는 것입니다.
이 프로젝트는 안정화된 알루미늄 폼(SAF) 샌드위치 구조를 특징으로 하는 Cymat의 기존 복합체 솔루션을 기반으로 하며, 기존 고강도 강철 솔루션에 비해 40%의 중량 감소와 15%의 비용 절감을 입증했습니다. 현재 파트너십은 향상된 설계의 물리적 테스트를 수행하고 있으며 특허 보호를 추진하고 있습니다. 주요 일본 Tier 1 자동차 제조업체와 부품 조립에 대한 논의가 진행 중입니다.
Cymat Technologies (CYMHF) a signé un Accord de Développement Conjoint avec une grande entreprise japonaise de commerce et de fabrication pour développer des solutions automobiles innovantes pour la fonctionnalité et la protection des batteries EV. L'objectif initial de ce partenariat est de développer un enclos léger et multifonctionnel pour une batterie EV destinées à un OEM japonais spécifique.
Le projet s'appuie sur la solution composite existante de Cymat, qui présente une structure en sandwich en mousse d'aluminium stabilisée (SAF), ayant montré une réduction de poids de 40% et une économie de coûts de 15% par rapport aux solutions en acier haute résistance traditionnelles. Le partenariat réalise actuellement des tests physiques du design amélioré et recherche une protection par brevet. Des discussions sont en cours avec un important constructeur automobile japonais de niveau 1 pour l'assemblage de composants.
Cymat Technologies (CYMHF) hat eine gemeinsame Entwicklungsvereinbarung mit einem großen japanischen Handels- und Produktionsunternehmen unterzeichnet, um innovative Automobillösungen für die Funktion und den Schutz von EV-Batterien zu entwickeln. Der anfängliche Schwerpunkt der Partnerschaft liegt auf der Entwicklung eines leichten, multifunktionalen EV-Batteriegehäuses für einen spezifischen japanischen OEM.
Das Projekt baut auf Cymats bestehender Verbundlösung mit stabilisiertem Aluminiumschaum (SAF) in Sandwichbauweise auf, die eine 40%ige Gewichtseinsparung und 15%ige Kosteneinsparung im Vergleich zu herkömmlichen hochfesten Stahllösungen gezeigt hat. Die Partnerschaft führt derzeit physikalische Tests des verbesserten Designs durch und strebt den Patentschutz an. Gespräche mit einem großen japanischen Tier-1-Automobilhersteller über die Montage von Komponenten sind im Gange.
- Partnership with major Japanese trading company expands market access
- Existing solution demonstrates 40% weight reduction and 15% cost savings vs steel
- Patent filing in progress for innovative design elements
- Advanced discussions with Tier 1 automotive manufacturer for assembly
- None.
The initial component that the partnership is developing is a lightweight, multi-functional automotive EV battery encasement targeted to a particular Japanese OEM. Cymat is contributing its previously developed composite solution for lightweight underside impact protection for an EV battery box. This component, originally developed and independently lab-tested for another EV OEM, incorporates an advanced stabilized aluminum foam ("SAF") sandwich structure featuring an ultra-thin version of its high-density SmartMetalTM. This component was proven to be
The partnership's initial objective is to enhance the component in terms of its battery functionality and level of impact resistance required by the targeted Japanese OEM. The new design is already undergoing physical testing to validate design performance metrics. The partnership is also in the process of filing patents to protect the innovative elements of this design. As well, discussions are underway with a major Japanese Tier 1 automotive manufacturer to assemble this component.
Michael Liik, Cymat's CEO and Chairman stated, "We are very excited to be working with a world-class partner on this new EV battery component. We believe that these modifications to our original OEM component will hold broader appeal throughout the automotive industry." He added "This sector is highly motivated to utilize lighter, cost-effective, energy-absorbing materials in its quest to effectively compete in the new EV landscape."
The Company will be holding an investor presentation via Zoom on Thursday, January 16th, 2025, at 4 p.m. ET to further discuss program as well as other initiatives under way. Attendees may e-mail their questions in advance to info@investor3.ca.
Registration will be required to access the meeting.
Please click the following link to register.
https://us06web.zoom.us/webinar/register/WN_bPKXWCKmTualEBbDvyBAqA#/registration
About Cymat Technologies Ltd.
Cymat Technologies Ltd. has the global rights, through patents and established know-how, to manufacture and sell Stabilized Aluminum Foam ("SAF"), a unique, ultra-light, cellular metallic material. The proprietary production process entails the injection of gases through a molten bath of alloyed aluminum infused with ceramic particles. The result is an advanced, lightweight, recyclable material that exhibits unique characteristics including customizable density and dimensions; mechanical energy absorption; thermal and acoustic insulation; and time, temperature and strain-rate insensitivity. A key benefit of this continuous foam production process is its scalability and resultant low cost of production. SAF is used in such industries as architectural design, military and automotive. Cymat markets its architectural SAF under the AlusionTM brand and its automotive and military SAF under the SmartMetalTM brand. For further information, please visit our website at www.cymat.com.
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SOURCE Cymat Technologies Ltd.
FAQ
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