News Releases

Cymat Announces Participation in APMA Electric Vehicle Project Arrow

Mississauga, Ontario

 February 16, 2022 – Mississauga, Ontario – Cymat Technologies Ltd. (TSXV: CYM) (the “Company” or “Cymat”) is pleased to announce that, in collaboration with design partner Tesseract Structural Innovations Inc. (“Tesseract”), Cymat has formally joined the Automotive Parts Manufacturing Association’s (“APMA”) new zero-emission concept vehicle initiative – Project Arrow. 

Project Arrow, launched by the APMA, is the first Canadian original, full-build, zero emissions electric concept vehicle (“EV”). This all-Canadian joint effort will be designed engineered and built by Canada’s world-class automotive supply sector and post-secondary institutions. Details of this initiative can be found at www.projectarrow.ca. 

Cymat and Tesseract will design and supply a number of components for specific areas of this new and innovative EV. The EV will utilize several next generation crash components developed by Tesseract that incorporate Cymat’s light weight, energy-absorbing SmartMetal™ aluminum foam. Areas of the vehicle targeted for these components include doors, battery enclosures, and front and rear crash systems. 

“This is an exciting opportunity for Cymat to showcase its innovative material together with Tesseract’s cutting-edge designs for the rapidly expanding EV market.” said Cymat CEO Michael Liik. He further added “The prominence of our material in Project Arrow along with the associated exposure to other key auto parts suppliers will undoubtedly open the door to further collaborations.” 

APMA President, Flavio Volpe, added, “The challenge in building the vehicle of the future is to balance active technology with a lightweighting philosophy. To win the range game, Automakers need a transformational materials science strategy. This is Project Arrow’s bet on Cymat.” 

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