Proprietary Technology Now Protected in Both U.S. and Europe to 2022 Listing: TSX Symbol: CYM TORONTO, April 3 /CNW/ - Cymat Corp. (TSX: CYM), an innovative materials technology company, announced today that it has recently been granted additional patent protection in Europe covering its proprietary Low Pressure Foam Casting (LPFC(TM)) process. This process is used by Cymat and its commercialization partners to produce Stabilized Aluminum Foam (SAF) near-net shape components for the automotive sector. As announced previously (January 25, 2005), the Company has been granted a corresponding patent in the United States covering this fundamental innovation in SAF manufacturing technology. Together, the patents provide protection for Cymat's proprietary LPFC(TM) technology in both Europe and the United States through the year 2022. This period exceeds by far the expiry of Cymat's exclusive global license and patents covering the base SAF process technology that was developed originally by Alcan and Norsk Hydro. This is particularly significant because the patents extend by approximately 12 years the period during which the Company can earn royalties and fees by licensing its proprietary technology. "We are extremely pleased with the issuance of the European patent addressing this important advance in our SAF production technology," said Dr. Paul A. Tichauer, Cymat's President and Chief Executive Officer. "Not only do these patents extend by more than a decade the time period during which we can earn licensing revenues in Europe and the USA, they also provide long-term protection for an essential part of our core SAF technology - one that is key to the cost-effective commercial production of aluminum foam components with uniform and consistent cell structure. These material properties are critical 'must haves' to achieve 'buy in' for the use of SAF by the automotive industry." These patents cover SAF processing technology used to produce components for several of Cymat's target automotive applications including crash boxes, casting cores and reinforcement of vehicle structural members. Having met this important technical milestone, the Company is now in a stronger position to achieve commercial success with its proprietary SAF technology. About Cymat Cymat develops innovative materials for industry. The Company has exclusive worldwide rights, through patents and licenses, for producing Stabilized Aluminum Foam. The ultra-light metallic foam is manufactured by injecting gas in a controlled manner into molten alloyed aluminum containing a dispersion of fine ceramic particles and can be produced as either Near-net Shapes or Flat Panels. The result is a new strategic material with a wide array of benefits, including low cost per unit volume, good impact energy absorption, good stiffness-to-weight ratio, thermal and acoustic insulation, recyclability and low cost of production relative to other metallic foams. Cymat is collaborating with a number of partners spanning the automotive, transportation and construction industries. The Company's principal market focus is automotive, where aluminum foam is ideally suited to the industry's objectives to make vehicles safer, lighter and better for the environment. For further information, visit the Company's Web site at www.cymat.com. The foregoing press release contains forward-looking statements relating to the development of markets, development programs, future revenues and improvements in technology, which are subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include the availability of funding, existing and future relationships with suppliers and manufacturers, the results of research and development activities, risks of technological breakthroughs that make Cymat stabilized aluminum foam less attractive, risks relating to the breadth, scope and enforceability of intellectual property rights, general industry and market conditions, availability of qualified personnel, and reliance on co-development partners. For additional information with respect to these and other factors, see the reports filed by Cymat Corp. with the Ontario Securities Commission. Cymat Corp. disclaims any intention or obligation to update or revise any forward-looking statements.
Cymat Granted Key Aluminum Foam Casting Patent in Europe
Earlier from Cymat Technologies
- Cymat reports results from Q3 of fiscal 2006
- Cymat and Georg Fischer Complete Commissioning of Commercial Scale Pilot Production System for Near-net Shape Aluminum Foam Components
- Cymat reports results from Q2 of fiscal 2006
- Another Milestone: Cymat Advances to Commercial Scale Production Capability
- Cymat Achieves Technical Advance to Significantly Reduce Material Cost
Later from Cymat Technologies
- Cymat Announces New CEO To Spearhead Commercialization Efforts, As Well As Funding Arrangements With Brompton And M Partners
- Cymat reports results from Q4 of fiscal 2006
- Cymat Technologies Ltd. announces completion of reorganization and non-dilutive financing
- /C O R R E C T I O N from Source - Cymat Technologies Ltd./
- Cymat reports progress on its new stratigic direction and revenue increase from supply contract from Isaria Corporate Design AG. for Audi showrooms
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