News Releases

Cymat Ships New Proprietary-Alloy Foam Panels to Alucoil for Final Production Trials

Toronto, Ontario

Cymat Technologies Ltd. (the “Company” or “Cymat”) is pleased to announce the successful completion of its new proprietary-alloy foam panel production runs. These panels have now been shipped to Alucoil, Cymat’s Spanish joint venture partner, for the commencement of new brazed sandwich panel product trials. With the assistance of experts from Cymat’s raw material supplier Rio Tinto Alcan, Cymat was able to produce foam panels of a complex new raw material that is specifically designed to withstand the rigours of commercial-scale brazing. These new panels should expedite the completion of product trials at Alucoil. Upon the successful completion of these trials, the JV will begin initial production runs and the panels produced will, in turn, be shipped to select Alucoil clients for testing and certification. Michael Liik, Cymat’s CEO, stated, “Our most recent alloy modifications represent an evolutionary leap over previous iterations sent to Alucoil for product trials. This could only have been achieved through the high degree of co-operation between Cymat’s new European-based CTO and globally-sourced experts at Rio Tinto Alcan.” He further commented, “Cymat stands in solidarity with Alucoil as we manage operations while simultaneously safeguarding the health and welfare of our team members in light of the challenges presented by the COVID-19 pandemic.”

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