Listen to this articleCymat Technologies Ltd. (CYMHF) currently has the largest pipeline of deals in the company’s history.
The Ontario, Canada-based innovative materials technology company anticipates closing several deals this year, most prominently a joint venture with Alucoil SA to develop a superior aluminum foam panel that will service the multi-billion dollar global panel industry.
Alucoil has already invested millions of dollars in its joint venture with Cymat Technologies and is building a large scale production facility on their premises in Spain to support the partnership
In addition to the anticipated deal with Alucoil, Cymat Technologies is also playing a leading role in bringing its Stabilized Aluminum Foam (SAF) technology to the architectural and design markets, with the company having already provided materials for the construction of globally renowned buildings, like the Prada Museum, the 911 Memorial Library (USA), the Vancouver Convention Centre and Caixa Forum Sevilla in Spain, among others.
Understanding the growth potential in the architectural market, Cymat Technologies operates a seperate division, called Alusion™, to bring Cymat Technologies’ unique Stabilized Aluminum Foam (SAF) specifically to this market. Since that time, Cymat Technologies’ Alusion™ stabilized aluminum foam has become a preferred choice for leading architects and designers due to its visually striking, modern look that provides a light, strong, durable metal with endless applications.
Most recently, ArchDaily awarded the Caixa Forum Sevilla in Spain as its 2018 Building of the Year, a building that used Cymat Technologies’ Alusion™ stabilized aluminum foam panels (https://boty.archdaily.com/us/2018)
ArchDaily is one of the most widely-read web-based architecture publications, visited by roughly 13.6 million visitors per month. Since its January 2018 inclusion on the site, Cymat Technologies AlusionTM division has leveraged over 7,000 contacts with the international architectural community and has seen a 600% increase in cladding project solicitations. Now averaging over 25+ page hits per day, AlusionTM has exceeded ArchDaily’s benchmark by 218%, adding significantly to the division’s revenue and growth.
Outside of the panel and architectural industries, Cymat Technologies’ Stabilized Aluminum Foam (SAF) is also ideal for military, automotive and industrial applications, with multiple quotes in place for both military and automotive contracts of which several are expected to be greenlighted this year.
On the automotive industry front, Cymat Technologies’ SAF technology is a cost-effective solution to address the industry’s competing needs to lighten vehicles, while improving crashworthiness and occupant protection. The Company currently is a waiting on a potential very large contract from a USA OEM on a SmartMetalTM vehicle spec that will include Cymat foam blocks around the car’s wheel well.
On the military front, additional deals for Cymat Technologies’ SmartMetalTM (Military) component include: multiple quotes on various military vehicles SAIC (NYSE: SAIC) is quoting on; a second purchase order from Volvo for the production of additional underbelly protection kits (250 vehicles already completed); a purchase order from the Singapore military to retrofit their existing fleet.
Cymat Technologies currently operates in a 26,000 sq. ft. manufacturing facility in Toronto, a plant that can already manufacture roughly $50 million in product annually.
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Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking statements” within the meaning of the Securities Act (Ontario). Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different any future results, performance or achievements expressed or implied by such forward looking statements. There may be factors that involve risk and uncertainty that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place undue reliance on forward-looking statements.
