News Releases

CYMAT Provides Sandwich Panel Development Update

Toronto, Ontario

Today, Cymat Technologies Ltd. (“Cymat”) provided an update on the progress of the aluminum foam sandwich panel initiative with its Spanish collaborator, Alucoil, S. A. (“Alucoil”).

Members of Cymat’s senior management team have just returned from Miranda de Ebro, Spain where they witnessed the operation of Alucoil’s new panel brazing facility. This facilities’ manufacturing line incorporates a production-scale, state-ofthe-art brazing furnace that will support a fully automated process. Final commissioning of the brazing system, an exclusive Alucoil design, is expected to be completed in early calendar 2019. At the conclusion of the trials, the brazing system will be able to produce commercial-grade sandwich panels.

The core of the sandwich panels will be a new Stabilized Aluminum Foam (“SAF”) – a material recently developed by Cymat. This SAF was engineered to exhibit material properties specifically required by this proprietary brazing process. The resulting sandwich panels will be stronger and non-combustible, and are intended to meet increasing safety standards being mandated by regulators and demanded by the public.

“After witnessing the accomplishment and commitment of the Spanish engineering and commercial sales teams, I am confident that the perfection of these panels will generate a significant revenue opportunity for Cymat,” said Michael Liik, Cymat’s Executive Chairman. A report published earlier this year places global annual demand for aluminum composite panels at $US 6.3 Billion for 2017 and projects annual demand to grow to $US 8.8 Billion by 2022.

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