CYMAT ANNOUNCES RECEIPT OF $1.8M ORDER OF UNDERBELLY KITS FOR ASIAN MILITARY

Rhea-AI Summary

Cymat Technologies (OTCQB: CYMHF) received a $1.8M purchase order for 176 SmartMetal underbelly blast‑protection kits to be delivered during 2026.

The order is the third under a full‑rate production schedule and is part of an initial supply expected to cover 350 vehicles, with delivery now expected within 18 months. Cymat estimates the full contract value at $4M–$5M and notes the end customer plans to acquire a fleet of 700 vehicles. Cymat also completed a non‑brokered private placement raising $1,551,500 via 11,934,615 units at $0.13, each with a warrant at $0.18 for 24 months.

Positive

• $1.8M purchase order for 176 underbelly kits
• Initial supply expected to protect 350 vehicles
• Company estimates full contract at $4M–$5M
• Completed private placement raising $1,551,500

Negative

• Issued 11,934,615 units at $0.13, creating potential dilution
• Warrants exercisable at $0.18 for 24 months
• Delivery timing extended to 18 months (schedule risk)

MISSISSAUGA, ON, Dec. 3, 2025 /PRNewswire/ - Cymat Technologies Ltd. (TSXV: CYM) (OTCQB: CYMHF) (the "Company" or "Cymat") is pleased to announce that SmartMetal^™, a division of Cymat, has received its next serial production order to provide stabilized aluminum foam underbelly kits to an Asian military vehicle manufacturer. This purchase order consists of 176 blast-protection kits with an order value of $1.8 million, to be delivered over the course of the 2026 calendar year.

This is the third purchase order received under our customer's full-rate production schedule. These underbelly kits are fitted to personnel transportation vehicles being purchased by our customer's National Armed Forces. This initial supply contract is expected to result in the provision of SmartMetal^™ blast protection systems for 350 vehicles. Delivery under this initial supply agreement is now expected to be completed within 18 months. The full value of this contract to Cymat is estimated to be in the $4M - $5M range.

This National Armed Force is ultimately acquiring a fleet of 700 of these vehicles from our customer. The global trend for increased national defense spending, such as the commitments recently made by NATO member countries, is expected to provide Cymat's customer with enhanced sales opportunities for their vehicles.

Chairman and CEO Michael Liik said, "We have received consistently larger orders from this long-standing military customer and expect the trend to continue. With our enhanced credibility and more established footing in this vertical, we anticipate both additional opportunities with this current customer as well as significantly increased interest from our other SmartMetal customers in this vertical. This, in turn, will provide more predictable revenue pacing and growth for Cymat."

Additionally, Cymat confirms that it has completed the non-brokered private placement of equity units (the "Offering") as detailed in our press release dated October 21, 2025. As a result of the Offering, Cymat has issued 11,934,615 equity Units at a price of $0.13 per Unit for gross proceeds of $1,551,500. Each Unit consisted of one (1) Common Share and one (1) Common Share Purchase Warrant. Each Warrant entitles the holder to purchase one Common Share at a price of $0.18 for a twenty-four (24) month period. For additional details, please refer to the October 21^st press release. 

About Cymat Technologies Ltd.

Cymat Technologies Ltd. has the global rights, through patents and established know-how, to manufacture and sell Stabilized Aluminum Foam ("SAF"), a unique, ultra-light, cellular metallic material. The proprietary production process entails the injection of gases through a molten bath of alloyed aluminum infused with ceramic particles. The result is an advanced, lightweight, recyclable material that exhibits unique characteristics including customizable density and dimensions; mechanical energy absorption; thermal and acoustic insulation; and time, temperature and strain-rate insensitivity. A key benefit of this continuous foam production process is its scalability and resultant low cost of production. SAF is used in such industries as architectural design, military and automotive. Cymat markets its architectural SAF under the Alusion^™ brand and its automotive and military SAF under the SmartMetal^™ brand. For further information, please visit our website at www.cymat.com. 

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cymat-announces-receipt-of-1-8m-order-of-underbelly-kits-for-asian-military-302632458.html

SOURCE Cymat Technologies Ltd.

FAQ

What did CYMHF announce on December 4, 2025 regarding military orders?

CYMHF announced a $1.8M order for 176 SmartMetal underbelly kits for delivery across 2026.

How many vehicles will the CYMHF supply contract cover and what's the timeline?

The initial supply is expected to cover 350 vehicles, with delivery now expected within 18 months.

What is the estimated total contract value for CYMHF's military program?

Cymat estimates the full value of the contract in the range of $4M–$5M.

What were the terms and proceeds of CYMHF's private placement completed in 2025?

CYMHF issued 11,934,615 units at $0.13 for gross proceeds of $1,551,500; each unit includes a warrant exercisable at $0.18 for 24 months.

How could the $1.8M order affect CYMHF revenue pacing?

The company said the serial orders and larger repeat buys should provide more predictable revenue pacing and growth.