CYMAT ANNOUNCES MAJOR NUCLEAR ORDER
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) ha ricevuto un importante ordine per i pannelli SmartMetal™ utilizzati nella soluzione NuFoam™, sviluppata in collaborazione con il partner NUVIA. I pannelli proteggeranno le attrezzature sensibili dell'industria nucleare in Francia dalle minacce esterne. L'ordine iniziale vale circa 1 milione di dollari, parte di un totale di 2,7 milioni di dollari da NUVIA.
Questo ordine segna una pietra miliare significativa per Cymat nell'industria nucleare. La Francia, con il 70% della sua elettricità domestica derivata dall'energia nucleare, sta rinnovando le sue centrali nucleari obsolete. Le nuove regolamentazioni richiedono programmi di estensione della vita utile per proteggere contro le minacce esterne, creando un mercato forte per i pannelli SmartMetal™ di Cymat.
Il CEO di Cymat, Michael Liik, ha espresso entusiasmo per questa nuova linea di business, affermando che pone una solida base per le vendite dei pannelli SmartMetal™ per gli anni a venire.
Cymat Technologies (TSXV: CYM) (OTCQB: CYMHF) ha recibido un importante pedido de paneles SmartMetal™ utilizados en la solución NuFoam™, desarrollada junto con su socio NUVIA. Los paneles protegerán equipos sensibles de la industria nuclear en Francia contra amenazas externas. El pedido inicial tiene un valor de aproximadamente $1 millón, parte de un total de $2.7 millones del pedido de NUVIA.
Este pedido marca un hito significativo para Cymat en la industria nuclear. Francia, que obtiene el 70% de su electricidad nacional de la energía nuclear, está renovando sus plantas nucleares envejecidas. Las nuevas regulaciones exigen programas de extensión de vida útil para protegerse contra amenazas externas, creando un mercado fuerte para los paneles SmartMetal™ de Cymat.
El CEO de Cymat, Michael Liik, expresó su entusiasmo por esta nueva línea de negocios, afirmando que sienta una base sólida para las ventas de paneles SmartMetal™ en los próximos años.
사이마트 테크놀로지스(Cymat Technologies)(TSXV: CYM)(OTCQB: CYMHF)는 파트너 NUVIA와 함께 개발한 NuFoam™ 솔루션에 사용되는 스마트메탈™ 패널에 대한 대규모 주문을 받았습니다. 이 패널들은 프랑스의 민감한 원자력 산업 장비를 외부 위협으로부터 보호합니다. 첫 주문의 가치는 약 100만 달러로, NUVIA로부터의 총 270만 달러 주문의 일부입니다.
이번 주문은 사이마트에 있어 원자력 산업에서 중요한 이정표가 됩니다. 프랑스는 국내 전력의 70%가 원자력 에너지에서 나오며, 노후된 원자력 발전소를 개조하고 있습니다. 새로운 규정은 외부 위협으로부터 보호하기 위한 생명 연장 프로그램을 요구하고 있으며, 이는 사이마트의 스마트메탈™ 패널에 대한 강력한 시장을 창출하고 있습니다.
사이마트의 CEO인 마이클 리크(Michael Liik)는 이 새로운 비즈니스 라인에 대한 기대감을 표명하며, 이는 향후 몇 년간 스마트메탈™ 패널 판매를 위한 강력한 기반을 다진다고 밝혔습니다.
Cymat Technologies (TSXV: CYM) (OTCQB: CYMHF) a reçu une commande importante de panneaux SmartMetal™ utilisés dans la solution NuFoam™, développée en collaboration avec le partenaire NUVIA. Les panneaux protégeront les équipements sensibles de l'industrie nucléaire en France contre les menaces externes. La commande initiale est d'une valeur d'environ 1 million de dollars, faisant partie d'une commande totale de 2,7 millions de dollars de NUVIA.
Cette commande marque une étape significative pour Cymat dans l'industrie nucléaire. La France, qui tire 70 % de son électricité domestique de l'énergie nucléaire, modernise ses centrales nucléaires vieillissantes. De nouvelles réglementations exigent des programmes d'extension de la durée de vie pour se protéger contre les menaces externes, créant un marché solide pour les panneaux SmartMetal™ de Cymat.
Le PDG de Cymat, Michael Liik, a exprimé son enthousiasme pour cette nouvelle ligne d'activité, en déclarant qu'elle pose une base solide pour les ventes de panneaux SmartMetal™ pour les années à venir.
Cymat Technologies (TSXV: CYM) (OTCQB: CYMHF) hat einen Großauftrag für SmartMetal™-Paneele erhalten, die in der gemeinsam mit dem Partner NUVIA entwickelten NuFoam™-Lösung verwendet werden. Die Paneele werden empfindliche Geräte der Nuklearindustrie in Frankreich vor externen Bedrohungen schützen. Der ursprüngliche Auftrag hat einen Wert von ca. 1 Million Dollar und ist Teil eines Gesamtauftrags von 2,7 Millionen Dollar von NUVIA.
Dieser Auftrag stellt einen wichtigen Meilenstein für Cymat in der Nuklearindustrie dar. Frankreich, das 70 % seiner heimischen Elektrizität aus Kernenergie bezieht, modernisiert seine alten Kernkraftwerke. Neue Vorschriften verlangen Lebensverlängerungsprogramme zum Schutz vor externen Bedrohungen, was einen starken Markt für die SmartMetal™-Paneele von Cymat schafft.
Der CEO von Cymat, Michael Liik, äußerte sich begeistert über diese neue Geschäftssparte und erklärte, dass sie eine solide Grundlage für den Verkauf von SmartMetal™-Paneelen in den kommenden Jahren legt.
- Received first major order worth $1M for SmartMetal™ panels in the nuclear industry
- Total order value from NUVIA is $2.7M
- Potential for regular similar-sized orders for nuclear plant life extension programs in France
- New regulations in France create a strong market for Cymat's products in the nuclear industry
- Establishes a new line of business with long-term sales potential
- None.
Cymat has been collaborating with NUVIA to integrate SmartMetal™ panels within Nufoam™ solutions to protect nuclear facilities against external threats including extreme weather and terrorism while also reducing the consequences of seismic events. NUVIA has worked for years to qualify solutions that fulfill nuclear industry requirements/processes and to provide solutions for nuclear operator needs to maintain and secure their installations.
Cymat CEO and Chairman Michael Liik stated "We are very excited to receive this first major order for a new application in the nuclear industry. Our partner, NUVIA, has advised that they expect to be placing similar size orders on a regular basis to service the extensive ongoing life extension programs for nuclear plants in
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
Alusion™ brand and its automotive and military SAF under the SmartMetal™ brand. For further information, please visit our website at www.cymat.com.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
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SOURCE Cymat Technologies Ltd.
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