Cymat’s SmartMetal wins contract to supply aluminum foam kits

MISSISSAUGA — Cymat Technologies’ division, SmartMetal, receives the first serial production order to provide stabilized aluminum foam underbelly kits to an Asian military vehicle manufacturer.

Michael Liik, Cymat CEO and chairman said, “We are very satisfied to finally be transitioning to high-volume production on our first military vehicle opportunity. As this vehicle is already utilized by numerous major militaries around the world, we are particularly excited about the likely prospect that they will also opt to upgrade their fleets.”

This order is comprised of 24 kits for an expected 350-kit order over three years. These kits are destined for the customer’s national military fleet which totals approximately 700 vehicles.

Cymat has been working with the Asian military vehicle manufacturer to develop underbelly blast protection kits for this vehicle for several years. For the past 18 months, the kits have been supplied on a low-volume basis.

The full value of the contract is anticipated to be in the $4 million to $5 million range.