News Releases

CYMAT Reports Q3 Results

Toronto, Ontario

Today, Cymat Technologies Ltd. (the “Company” or “Cymat”) reported the results for its third quarter of fiscal 2017, ended January 31, 2017.

Q3 Highlights

Highlights for the third quarter include:

• Achievement of income from operations of approximately $19,000 for the nine-month period ended January 31, 2017. This is the first time that Cymat has reported positive income from operations for the opening nine months of a fiscal year and represents the best nine-month performance level by a wide margin.
• Completed the delivery of 250 SmartMetalTM vehicle blast mitigation assemblies to Panhard, a subsidiary of the Volvo Group. Expectations are that there is the potential for additional blast kit orders to be generated from this initial purchase.

Select financial information for the three and nine months ended January 31, 2017 and January 31, 2016 is as follows:

Outlook

Alusion™ continues to be the primary revenue driver for Cymat in the near term. For the 4th quarter, we expect to complete and ship a number of large orders including the balance of the Bolzano Technology Centre façade and a façade for a US-based IT company head office, together with other smaller orders. Our expected architectural order book for early fiscal 2018 is especially robust with a number of significant facade projects in both Europe and the US.

We are also expecting a number of our long term SmartMetal™ initiatives to come to fruition in fiscal 2018. These include follow-on orders for blast mitigation kits from Panhard, a member of the Volvo Group; initial blast mitigation kit orders for a high volume military vehicle produced in Asia; as well as other programs within the US military. Cymat also expects to build on its initial success in the French Nuclear industry with further orders from other nuclear reactor retrofits.

In the automotive sector, Cymat is in active discussions with both OEM’s and part suppliers for various light-weighting and crash absorption initiatives. We are particularly encouraged by recent progress in the certification process for a North American vehicle crash absorption application.

Work on the engineering phase continues regarding our joint project with Alucoil SA. in Spain. While some technical issues remain, we are optimistic that we will shortly progress to the next stage of the venture’s development.

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