Cymat Technologies announces new commercial order and provides update

MISSISSAUGA — Cymat Technologies Ltd. announces its first commercial order for SmartMetal(TM) Stabilized Aluminum Foam cylinders, to be used in non-lethal bullets, from their customer Nobel Sport. Nobel Sport is a French-based law enforcement specialty manufacturer of a wide range of ammunition and ancillary products for sport, law enforcement and military customers. This first order, destined for the French Armed Forces, is for 21,000 cylinders with a contract value of approximately $200,000.

Cymat previously stated that the French Armed Forces had certified the use of non-lethal bullets utilizing Cymat’s SmartMetal(TM). Rigorous testing of these bullets has determined them to be reportedly safer, more accurate and less harmful compared to current products on the market.

Non-lethal bullets are primarily used for crowd control and as a deterrent in both civilian and military situations where less-than-lethal force is determined to be the best course of action. While rubber bullets have traditionally been used in these situations, there have been numerous instances where their use has resulted in serious physical harm and fatalities. As such, there is significant interest by law enforcement agencies and military forces around the world to find a suitable replacement.

Cymat is also says that its order backlog for Alusion(TM), its architectural and design product, has grown to over $2M.

Michael Liik, Cymat’s CEO, stated, “We are excited to receive our first commercial order for non-lethal bullet cylinders from Nobel Sport, an established leader in their field. This represents a large market opportunity for Cymat and a potentially substantial new revenue stream.” He added, “The dramatic turn around in AlusionTM sales, after an unprecedented six-month lull, is very gratifying. The combination of a strong sales pipeline and continued robust quoting activity bodes well for the continued recovery and growth in AlusionTM sales.”