CYMAT ANNOUNCES MAJOR ALUSION™ CONTRACT FOR 911 MEMORIAL IN NEW YORK
Listing: TSX
Symbol: CYM
TORONTO, Nov. 30 /CNW/ - Cymat Technologies Ltd., a materials technology company focused on the military, automotive and architectural industries, today announced that its architectural product Alusion™, will be utilized in the construction of the National September 11 Memorial Museum at the World Trade Center site in New York. This Museum will honor the nearly 3,000 victims of those attacks and all those who risked their lives to save others. It will also display some of the physical remains of the twin towers, house important artifacts from the period of recovery, and be the place that tells the stories of some of those who experienced the events of that day.
Alusion™ will be utilized as a cladding material which will emulate the original twin towers at their exact location and dimensional footprint.
Davis Brody Bond Aedas, the Museum's renowned architects, commented that "Alusion™ panels will be lit in a way that creates a dematerialized and ethereal surface. They are an abstract physical reminder of the original towers location and reinforce the visitor's sense of place and site." Mark Wagner, the Project Architect, further stated that "The aluminum foam is a key element needed for the successful realization of the conceptual design approach."
This represents Cymat's second involvement in memorializing the 911 tragedy. Alusion™ panels were also used in the 2002 memorial for the Service Employees Internal Union which lists all of the men and women of Local 32BJ who lost their lives during this tragedy.
David Fowler, Cymat's President and COO stated that "We are honoured to be involved in this important memorial and note that it is closely related to the Cymat mission of protecting human lives with our SmartMetal™ blast mitigation material." He went on to say that "At more than 55,000 sq. ft., this project also represents the single largest Alusion™ installation to date."
About Cymat:
Cymat develops innovative materials for industry. The company has worldwide rights, through patents and licenses, for producing Stabilized Aluminum Foam. The ultra-light metallic foam is manufactured by bubbling gas through molten alloyed aluminum containing a dispersion of fine ceramic particles and can be produced as either Near-net Shapes or Flat Panels. The result is a revolutionary material with a wide array of features including very low density, mechanical energy absorption, thermal and acoustic insulation, is recyclable, time and temperature insensitive and has a relatively low cost of production. Cymat is collaborating with a number of partners spanning the automotive, architectural and blast mitigation industries. For further information, visit the Web site www.cymat.com.
The foregoing press release contains forward-looking statements relating to Cymat's business, the development of markets, development programs, future revenues and improvements in technology, and management's objectives, strategies, beliefs and intentions which are subject to important risks and uncertainties. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "intend" and similar words referring to future events and results, including in respect of the completion of the offering , use of proceeds and the Company's revenue growth. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include the availability of funding, general industry and market conditions, Cymat's ability to produce the material on time and to the desired design specifications, the ability or willingness of the customer to adhere to the terms of the purchase order, the ability or willingness of the customer to pay and the availability of qualified personnel. For additional information with respect to these and other factors, see the reports filed by Cymat Technologies Ltd. with the Ontario Securities Commission. Readers are cautioned not to place undue reliance on these forward-looking statements as actual results may differ materially from those expressed or implied in the forward looking statements. Cymat Technologies Ltd. disclaims any intention or obligation to update or revise any forward-looking statements after the date of this press release or to revise such statements to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
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For further information:
Investors and Media:
Michael Liik
Executive Chairman
Cymat Technologies Ltd.
Tel: (905) 696-2424
Email: [email protected]
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