Cymat’s second auto component development agreement with an OEM

MISSISSAUGA — Cymat Technologies has entered into a second component development agreement with its global automotive manufacturing customer (OEM).

Cymat announced its initial component development agreement with this OEM in July after a significant period of design collaboration utilizing Cymat’s proprietary aluminum foam, SmartMetalTM. Successful results generated from the component design phase of this program motivated the OEM to begin discussions on additional applications for SmartMetalTM in its upcoming electric vehicles.

In the second agreement, Cymat will design a side-impact component for a battery enclosure to be housed in a new electric vehicle platform. The design objective for this component is to optimize crash performance in a narrow design envelope with a lightweight structure. Cymat, together with its design partner Tesseract Structural Innovations, will be working in conjunction with the OEM’s body structures group during the primary vehicle design phase.

This second agreement will follow the same protocols, timelines, and scope of work as the first agreement. Completion of the design phase of the second agreement is expected by the end of calendar Q1 2023.

These components are being designed for a new mid-sized, multi-vehicle platform for the OEM. Initial volumes are forecast to be in the 50,000 vehicle range, expanding to several hundred thousand vehicles as more models are introduced on the platform.

“We are excited to see both our material’s unique attributes and innovative component designs further validated by this global car company,” said Michael Liik, CEO, Cymat. “We believe that this is the beginning of a long-term relationship with this company as they continue to expand their interest in using Cymat’s SmartMetalTM in their future electric vehicle designs.”