MISSISSAUGA, ON, Feb. 24,
2022 /CNW/ - Cymat Technologies Ltd. (TSXV: CYM) (the
"Company" or "Cymat") is pleased to
announce that it has been named as one of the top performers on the
TSX Venture Exchange, a new milestone for Cymat.
The 2022 TSX Venture 50 celebrates the strongest performances on
the TSX Venture Exchange (the "TSXV" or "the Exchange") over the
last year. Comprised of ten companies from each of five industry
sectors, the ranking recognizes the strongest performance on the
Exchange based on market capitalization growth, share price
appreciation and trading volume. More details on the 2022 TSX
Venture 50 and a video highlighting Cymat Technologies can be found
at
https://vimeo.com/marketonemediagroup/review/672816143/c3f72c59c5 .
Michael Liik, CEO commented "We
are both proud and honoured to have earned a 2022 TSX Venture
ranking. This recognition further validates Cymat's success to-date
as well as our ongoing commercial strategy. Cymat's goal is to make
Stabilized Aluminum Foam a staple in our key targeted industries,
namely, automotive, construction and defence."
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 AlusionTM brand and its automotive and military SAF
under the SmartMetalTM 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.
SOURCE Cymat Technologies Ltd.