Cymat Technologies (CYMHF) Alusion™ Division expanding; more jobs planned to support company growth 

 

Cymat Technologies (CYMHF) Alusion™ Division expanding; more jobs planned to support company growth 
alusion.com

Cymat Technologies Ltd.’s Alusion™ Division is growing rapidly and steadily, mainly due to the awareness of the benefits its foam metal provides to the international architectural community, among other global industries.

Headquartered in Ontario, Canada, Cymat Technologies operates in a 26,000 sq. ft. manufacturing facility that outputs roughly $50 million in product annually.

Owing to the increasing adoption of its unique Stabilized Aluminum Foam (SAF), Cymat Technologies has witnessed a significant rise in demand for its Stabilized Aluminum Foam in recent months.

The company’s Alusion™ Division has experienced particular growth in both revenue and sales volume, paving the way for the recruitment and hiring of additional staff to support upcoming business opportunities.

Other factors propelling Cymat Technologies’ growth include the incorporation of its Alusion™ Division to ArchDaily, a widely-read web-based architecture publication which services over 13.6 million visitors per month.

Since its inclusion in ArchDaily, Cymat Technologies’ AlusionTM division has leveraged over 7,000 contacts with the international architectural community and has seen a roughly 600% increase in cladding project solicitations.

As a division of Cymat Technologies, Alusion™ was established to bring the company’s unique Stabilized Aluminum Foam (SAF) technology to the building market for its proven performance in safety without compromising aesthetics.

This has led ArchDaily to award the Caixa Forum Sevilla in Spain as its 2018 Building of the Year, a building that used Cymat Technologies’ Alusion™ stabilized aluminum foam panels.

Outside of new, innovative architecture, Cymat Technologies is also playing a leading role in bringing its Stabilized Aluminum Foam technology to a larger, more wide-scale market, recently partnering in a joint-venture with Alucoil SA.

Together, Cymat Technologies and Alucoil are working on producing a new, superior panel that will further service a significant portion of the multi-billion-dollar global panel industry.

The Alucoil/Cymat panel is expected to provide outstanding strength and a high fire rating relevant to the construction, marine, rail, airplane and elevator industries.

Alucoil has already invested millions of dollars in its joint venture with Cymat Technologies, and plans are being finalized to complete a large scale production facility in Spain to support the partnership.

Cymat Technologies’ Stabilized Aluminum Foam technology is ideal for military, automotive and industrial applications, with the company currently working on multiple deals with quotes in place for both military and automotive contracts. Growth potential is expected from the following projects: The Company currently is a waiting on a potential very large contract from a USA OEM on a SmartMetalTM vehicle spec that will include Cymat foam blocks around the car’s wheel well.

On the military front, additional deals for Cymat Technologies’ SmartMetalTM (Military) component include: multiple quotes on various military vehicles SAIC (NYSE: SAIC) is quoting on; a second purchase order from Volvo to produce additional underbelly protection kits (250 vehicles already completed); a purchase order from the Singapore military to retrofit their existing fleet.

Disclaimer: The materials contained herein are for informational purposes only. This is not considered an offer or solicitation to sell securities in any company in any manner. Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking statements” within the meaning of the Securities Act (Ontario).  Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different any future results, performance or achievements expressed or implied by such forward looking statements. There may be factors that involve risk and uncertainty that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place undue reliance on forward-looking statements.

 

Share:

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on The Latest News on Wall Street, Stocks, #Politics and Business news. Hedge Accordingly produces both original, and aggregated #Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About HEDGEaccordingly.com