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CYMAT TECHNOLOGES LTD NEW - $CYMHF STOCK NEWS

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Cymat Technologies announces its first commercial order for SmartMetalTM Stabilized Aluminum Foam cylinders for non-lethal bullets, valued at $200,000. The order, destined for the French Armed Forces, signifies a significant market opportunity. Cymat also reports a growing order backlog for AlusionTM, indicating a recovery in global construction markets.
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Cymat Technologies Ltd. announces its first order to provide AlusionTM stabilized aluminum foam panels for installation in the Kingdom of Saudi Arabia's NEOM project, a massive commercial, residential, recreational, and cultural land development project. The contract has a value of CA$ 725,000 and is expected to be produced and shipped before March 31, 2024. The CEO also mentioned potential future contracts exceeding CA$ 20 million.
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Cymat Technologies completes $1.2M private placement financing
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Cymat Technologies seeks to raise funds through a non-brokered private placement of equity Units priced at $0.25 per Unit. Gross proceeds of $1 million are anticipated. The funds will be used for business development initiatives, including marketing SmartMetalTM for electric vehicle battery enclosures and upgrading testing facilities for SmartMetalTM production in the nuclear industry. The CEO expects a stronger balance sheet to enhance negotiating positions with OEM customers. The terms of the Offering are subject to approval from the TSX Venture Exchange.
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Cymat announces successful automotive prototype test results - moves towards serial production pricing
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CYMAT TECHNOLOGES LTD NEW

OTC:CYMHF

CYMHF Rankings

CYMHF Stock Data

8.61M
60.49M
1.39%
Alumina Refining and Primary Aluminum Production
Manufacturing
Link
United States of America
Mississauga

About CYMHF

cymat technologies ltd., a materials technology company, manufactures and sells stabilized aluminum foam products worldwide. it provides architectural materials under the alusion brand name; and automotive and blast mitigation products under the smartmetal brand name. it serves defense and military, automotive and transportation, architectural, and other application. the company was incorporated in 2006 and is based in mississauga, canada.