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

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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.

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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)

News Market Reaction – CYMHF

+10.75%
+10.75% Session close to close

In the Dec 5 session, CYMHF gained 10.75%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +10.8% in the session following this news. A strong positive reaction aligns with t...
Analysis

The stock surged +10.8% in the session following this news. A strong positive reaction aligns with the company’s history, where the prior announcement of this $1.8M SmartMetal order and related contract value of $4M–$5M coincided with a 10.75% move. Past financings also saw modest gains, suggesting investors previously welcomed capital raises that support growth initiatives. However, warrant-related events have triggered sharp downside, highlighting sensitivity to dilution mechanics.

Key Figures

Order value: $1.8M Underbelly kits: 176 kits Initial vehicles: 350 vehicles +5 more
8 metrics
Order value $1.8M 176 SmartMetal underbelly kits, 2026 delivery
Underbelly kits 176 kits Blast-protection kits for Asian military vehicles
Initial vehicles 350 vehicles Initial supply contract coverage
Contract value $4M–$5M Estimated total value of initial supply contract
Fleet size 700 vehicles Total planned fleet purchase by National Armed Forces
Units issued 11,934,615 Units Non-brokered private placement
Unit price $0.13 per Unit Equity private placement terms
Gross proceeds $1,551,500 Capital raised from the Offering

Historical Context

5 past events · Latest: Dec 03 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Dec 03 Defense contract Positive +10.8% New $1.8M SmartMetal underbelly kit order under full-rate schedule.
Nov 11 Investor call Neutral -0.6% Scheduled investor update call covering SAF-related projects and initiatives.
Oct 21 Private placement update Neutral +2.4% Update on non-brokered placement of 11,934,615 units for $1,551,500.
Oct 02 Private placement Neutral +3.7% Completion of $1.5M non-brokered equity unit financing at $0.13 per unit.
Jul 09 Warrant acceleration Negative -14.6% Acceleration of expiry for 11,671,435 warrants after share price trigger.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Price reactions have generally aligned with news tone: a sizeable gain on the military contract, modest positives on financings, and a sharp drop on warrant acceleration.

Recent Company History

Over the last six months, Cymat’s news flow combined defense contracts, capital raises, and warrant-related actions. On Jul 09, activating an accelerated warrant expiry preceded a -14.63% move. Two private placement announcements in October 2025 raised around $1.5M each and saw modest gains. An investor update call in November had little impact. Today’s $1.8M military underbelly kit order with an estimated $4M–$5M contract value ties back to the SmartMetal defense growth narrative.

Key Terms

stabilized aluminum foam, non-brokered private placement, common share purchase warrant, warrant, +1 more
5 terms
stabilized aluminum foam technical
"global rights ... to manufacture and sell Stabilized Aluminum Foam ("SAF")"
Stabilized aluminum foam is a lightweight metal material made by creating a network of tiny, stable air pockets inside molten aluminum so the structure holds its shape like a sponge made of metal. It combines low weight with good energy absorption, sound and heat insulation, and fire resistance, making it useful in vehicles, buildings and industrial equipment. Investors care because its manufacturing scalability, cost and durability affect market demand and competitive advantage in sectors seeking lighter, safer, and more efficient materials.
non-brokered private placement financial
"completed the non-brokered private placement of equity units (the "Offering")"
A non-brokered private placement is when a company raises money by selling securities (such as shares or bonds) directly to a small group of chosen investors without using a broker or dealer as a middleman. For investors it matters because it can provide faster, lower-cost access to new investment opportunities but may bring higher risk, less liquidity and potential dilution of existing holdings compared with public offerings.
common share purchase warrant financial
"Each Unit consisted of one (1) Common Share and one (1) Common Share Purchase Warrant."
A common share purchase warrant is a tradable contract that gives its holder the right, but not the obligation, to buy a company’s common stock at a specified price within a set period. Think of it like a coupon for future shares: if the stock rises above the coupon price it can boost returns for the holder, but when used it increases the number of outstanding shares and can reduce each existing shareholder’s ownership and affect the company’s cash position.
warrant financial
"Each Warrant entitles the holder to purchase one Common Share at a price of $0.18"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.
forward-looking statements regulatory
"may contain forward-looking statements that involve substantial known and unknown risks"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 21st 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.

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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.