News Releases

Cymat/Alucoil Joint Venture: Update on the Trial Runs and Move to Production

Toronto, Ontario

Cymat Technologies Ltd. (the “Company” or “Cymat”) is pleased to announce that the production facility for its joint venture (the “JV”) with Alucoil, S.A. (“Alucoil”) to manufacture a metallurgically bonded aluminum foam-based sandwich panel is now fully operational.

The new facility has experienced significant delays related to certain elements of the production line. As many aspects of the facility are custom designed for this proprietary process, scale-up from lab-scale to commercial scale equipment can often present unforeseen issues. In this case, the custom-designed furnace required significant modification to accommodate the challenges of production-scale brazing. We are pleased to report that the furnace has now been successfully retrofitted and is fully operational. In the interim, Cymat has further enhanced its ability to produce foam panels that are better able to withstand the rigours of commercial scale brazing.

New product trials are scheduled to commence early in the New Year when Cymat’s modified panels are delivered to Alucoil. Upon the successful completion of these trials, the JV will begin initial production runs. Panels produced from these production runs will in turn be shipped to select Alucoil clients for testing and certification.

Michael Liik, Cymat’s CEO was in Spain the week of November 18th to meet with Alucoil management to help plan these new product trials and discuss next steps. He commented “After these significant delays in modifying the production process, we are pleased to see the plant working and operational. While this has been a frustrating time for both Cymat and Alucoil, we are excited to now be moving forward expeditiously”.

Alucoil currently supplies over $300 million annually in aluminum composite panels to their customers around the globe. These new metallurgically-bonded aluminum foam-based sandwich panels have been developed to supply multiple industries including transportation, construction, and elevators with a strong, lightweight and fire-resistant solution. Cymat will work closely with Alucoil to complete the testing and transition to commercial production.

About Cymat:

Cymat Technologies Ltd. is an innovative materials technology company employing a proprietary process to manufacture our unique Stabilized Aluminum Foam (“SAF”). Cymat SAF is an advanced lightweight recyclable material with a wide array of features including customizable density and dimensions, energy absorption and thermal and acoustic insulation. Cymat is focused on producing SAF for architecture, blast mitigation, automotive, transportation and industrial markets. Cymat’s architectural brand, Alusion™, has become an accepted choice for superior and unique cladding and façade alternatives for the building industry. The Alusion™ brand is recognized globally, having completed projects on almost every continent.

Cymat’s SmartMetal™ division has developed proven products for energy absorption applications including blast mitigation for the military sector and impact reduction for the nuclear energy sector. Cymat is working with numerous manufacturers and solution providers around the world for the integration of SmartMetal™ into kinetic energy management systems. Cymat is based in Mississauga, just outside Toronto, where it operates a 2.400 sq. metre plant. For further information on Cymat, please visit our Web site www.cymat.com.

About Cymat:

Cymat Technologies Ltd. is an innovative materials technology company employing a proprietary process to manufacture our unique Stabilized Aluminum Foam (“SAF”). Cymat SAF is an advanced lightweight recyclable material with a wide array of features including customizable density and dimensions, energy absorption and thermal and acoustic insulation. Cymat is focused on producing SAF for architecture, blast mitigation, automotive, transportation and industrial markets. Cymat’s architectural brand, Alusion™, has become an accepted choice for superior and unique cladding and façade alternatives for the building industry. The Alusion™ brand is recognized globally, having completed projects on almost every continent.

Cymat’s SmartMetal™ division has developed proven products for energy absorption applications including blast mitigation for the military sector and impact reduction for the nuclear energy sector. Cymat is working with numerous manufacturers and solution providers around the world for the integration of SmartMetal™ into kinetic energy management systems. Cymat is based in Mississauga, just outside Toronto, where it operates a 2.400 sq. metre plant. For further information on Cymat, please visit our Web site www.cymat.com.

For further information: please contact:

Investors and Media:

Michael Liik, CEO
Cymat Technologies Ltd
416-704-6217
liik@cymat.com

Investor Cubed Inc.:
Neil Simon, CEO
647-258-3310
nsimon@investor3.ca