News Releases

CYMAT Provides Update on Sandwich Panel Joint Venture

Toronto, Ontario

Today, Cymat Technologies Ltd. (the “Company” or “Cymat”) provided an update regarding its joint venture (the “Venture”) with Alucoil, SA. (“Alucoil”) to develop a metallurgically bonded aluminum foam based sandwich panel.

Comprehensive engineering evalutions recently concluded with a series of technical meetings held in Spain. As a result, the “proof of concept” phase regarding the viability of metallurgically bonding aluminum sheets to an aluminum foam core has now been successfully established.

Cymat and Alucoil have agreed to proceed with a pilot production line, located in Spain, to refine the industrialization of the bonding process. The pilot line is projected to be operational by the end of the first calendar quarter of 2018 with the decision on whether to proceed to a full-scale manufacturing facility to follow shortly thereafter.

“Although the technical examination period lasted longer than initially expected, I am pleased with the outcome of the Venture team’s work and look forward to moving to full-scale production in the near future” stated Michael Liik, Cymat’s Executive Chairman.

“There are encouraging indications across multiple markets for the unique sandwich panels contemplated by the Venture” added Clemente Gonzalez Soler, President of Aliberico Group, Alucoil’s parent company, “and with Alucoil’s extensive distribution channels, we are well poised to take advantage of this anticipated demand.”

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