News Releases

Cymat Joint Venture facility in Spain progresses towards production

Toronto, Ontario

Cymat Technologies Ltd. (the “Company” or “Cymat”) is pleased to provide an update on the production facility under construction for its joint venture (the “Venture”) with Alucoil, S. A. (“Alucoil”) to manufacture a metallurgically bonded aluminum foam-based sandwich panel.

The necessary infrastructure is in place and the equipment, including the brazing furnace has been installed. When fully operational, the facility in Spain will have a targeted annual output capacity of 500,000 m2. Cymat management expects that commercial production will commence in Cymat’s new fiscal year that begins in May.

Michael Liik, CEO commented “We are very excited with the progress Cymat and Alucoil have made to date. We look forward to successful completion of production trials and the commencement of market testing”. These 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.

A current market research report published by Grand View Research, Inc. (www.grandviewresearch.com) quantifies the size of the global aluminum composite panel market at $US 5 billion+ annually with an expected growth trajectory to $US 8 billion+ by 2025. Alucoil is a significant supplier to the industry and is confident that the design of the Venture’s panels will be very well received by its customers around the world.

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 Alucoil:

Alucoil is a multinational company with factories on 4 continents and sales presence across 60 countries, specialized in the manufacturing of advanced materials for building, transportation and industrial applications. ALUCOIL manufactures high quality products such as larson® composite panels, larcore® honeycomb panels, anolac® corrugated aluminum sheets, and termolac® powder coating. For further information, visit the Web site www.alucoil.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