News Releases

CYMAT Announces Major Façade Order

Toronto, Ontario

Today, Cymat Technologies Ltd. (“Cymat”) announced that it has received an order for over 5,000 m2 of coated AlusionTM aluminum foam panels to be installed on an Amsterdam building façade. The Steltloper Building is an eighteen-floor high-rise designed by DAM & Partners Architechen. It is located on the waterfront of the trendy Eastern Docklands district of Amsterdam, an area that is known for its cluster of innovative architectural designs.

Before their selection for the Steltoper project, the coated AlusionTM panels successfully completed rigorous testing regimens pertaining to salt-spray and windload resistance. The Steltloper project’s order value is in excess of $CAD 1.25 million. Production of the AlusionTM panels will commence within the month, and the delivery of the final batch of panels is anticipated for early Spring of 2018. This order comes on the heels of the Pace Art Gallery project, an eight-floor façade AlusionTM order currently being installed in the Chelsea neighbourhood of Manhattan.

“Following the Mallorca Congress Center, Prada Museum and Pace installations, the Steltloper Building award provides further confirmation of the suitability and desirability of the unique aesthetics offered by AlusionTM panels in the technically demanding area of façade applications,” said Angie Deyannis, Vice President Business Development, AlusionTM . “These recent AlusionTM orders combined with a number of façade projects in Cymat’s sales pipeline point to a growing revenue base from building exteriors,” added Michael Liik, Cymat Executive Chair.

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