Mississauga, Ontario – Cymat Technologies Ltd. (TSXV: CYM) (the "Company" or "Cymat") is pleased to announce that, in collaboration with design partner Tesseract Structural Innovations Inc. (“Tesseract”), Cymat has formally joined the Automotive Parts Manufacturing Association’s (“APMA”) new zero-emission concept vehicle initiative – Project Arrow.
Project Arrow, launched by the APMA, is the first Canadian original, full-build, zero-emissions electric concept vehicle (“EV”). This all-Canadian joint effort will be designed engineered and built by Canada’s world-class automotive supply sector and post-secondary institutions. Details of this initiative can be found at www.projectarrow.ca.
Cymat and Tesseract will design and supply a number of components for specific areas of this new and innovative EV. The EV will utilize several next generation crash components developed by Tesseract that incorporate Cymat’s lightweight, energy-absorbing SmartMetal™ aluminum foam. Areas of the vehicle targeted for these components include doors, battery enclosures, and front and rear crash systems.
“This is an exciting opportunity for Cymat to showcase its innovative material together with Tesseract’s cutting-edge designs for the rapidly expanding EV market.” said Cymat CEO Michael Liik. He further added “The prominence of our material in Project Arrow along with the associated exposure to other key auto parts suppliers will undoubtedly open the door to further collaborations.”
APMA President, Flavio Volpe, added, “The challenge in building the vehicle of the future is to balance active technology with a lightweighting philosophy. To win the range game, Automakers need a transformational materials science strategy. This is Project Arrow’s bet on Cymat.”
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.
The APMA is Canada’s national association representing OEM producers of parts, equipment, tools, supplies, advanced technology, and services for the worldwide automotive industry. The Association’s fundamental objective is to promote the original equipment (O.E.) automotive supply manufacturing industry both domestically and internationally.
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