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Listing: TSX
Symbol: CYM
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TORONTO, July 7 /CNW/ - Cymat Technologies Ltd. is pleased to announce a
successful "Industry Week" that took place during the week ended June 26, 2009
at a world-renowned independent blast testing facility in Nevada, United
States. The purpose of "Industry Week" was to demonstrate the high performance
capability of SmartMetal(TM) with respect to its ability to provide protection
against blast threats. In attendance were over 40 people representing military
vehicle manufacturers, architectural companies, and Canadian Defence
Department staff.
During "Industry Week", Cymat hosted 2 blast test events to provide
clients with real-time SmartMetal(TM) performance data. The testing showed a
reduction of at least 7 to 1 in blast energy transfer with a 50% compaction of
each foam panel. Cymat has contracted the test facility to complete a total of
24 blast tests on a select group of densities and thicknesses of foam to
enable our clients to model with and integrate SmartMetal(TM) into their
survivability solutions.
"Industry Week proved to be a great success for Cymat on a number of
fronts. It enabled us to showcase our SmartMetal to key defence industry and
military personnel from around the world. As well, we were able to provide
attendees with preliminary performance data for design purposes." said Tim
Hardman, President of Cymat. He added "As we complete the remainder of our
blast tests through July, our goal is to compress SmartMetal(TM) to 20% of its
original thickness which in turn would deliver even higher performance levels
than currently demonstrated."
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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/For further information: Investors and Media: Michael Liik, Executive
Chairman, Cymat Technologies Ltd., Tel: (416) 307-4015, Email: liik@cymat.com;
Trevor Sandler, Chief Financial Officer, Cymat Technologies Ltd., Tel: (905)
696-2427, Email: tsandler@cymat.com/