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For further details see our joint press release.
Cymat Corp., an innovative materials technology company, reported results for the second quarter of fiscal 2001, ended October 31, 2000. Results for the quarter are in line with internal projections and reflect Cymat’s progress to the ramp-up stage of aluminum foam commercialization. Revenues resulting from aluminum foam are growing. Cymat is a materials technology company that holds the worldwide license from Alcan International to manufacture Stabilized Aluminum Foam (SAF). The patented, versatile process to produce SAF combines alloyed aluminum with a metal matrix composite to create strong, lightweight panels and shapes or fill cavities. SAF is a revolutionary material with a wide array of benefits, including a high strength-to-weight ratio, mechanical energy absorption, thermal and acoustic insulation, 100% recyclability and relative low cost of production. Cymat’s research and development group is collaborating with a number of partners spanning the automotive, aerospace, train, truck and defense industries to develop applications for SAF. The company’s principal focus is on automotive, where SAF is ideally suited to the industry’s objectives to make vehicles lighter, safer and better for the environment.
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