Cymat Technologies (TSXV:CYM) (OTCQB:CYMHF) received a purchase order for its military under-belly blast protection kits from an Asian military vehicle manufacturer to be used by the Singaporean military.
This order is for three blast kits and represents the first production order for up to 700 blast kits for this military. The total purchase price for these orders is expected to be between USD$5 million to $7 million.
“This is truly an exciting breakthrough for Cymat in the military sector. The successful testing and resulting long-term production order, has provided our customer with the impetus to now expand marketing of their improved vehicle design, incorporating our blast kit, to other military organizations that deploy this vehicle. By obtaining this order, Cymat will achieve a solid long-term base load for its factory, as well as enhance its credibility with other vehicle manufactures with whom we are currently in discussions,” said Michael Liik, Cymat’s CEO.
Cymat’s core product is called SmartMetal stabilized aluminum foam (SAF), and it’s an ultra-light, cellular metallic material. The production process involves gas injected through a molten bath of alloyed aluminum infused with ceramic particles, and the end result is a lightweight, recyclable material with a number of unique characteristics. These include customizable density and dimensions, thermal and acoustic insulation, mechanical energy absorption, and time, temperature and strain-rate insensitivity.
The company has been working for years on developing blast kits for military patrol vehicles in active use. The kits are designed to reduce the threat of improvised explosive devices (IED) or powerful land mines. The company’s SmartMetal SAF has proven itself to be effective at absorbing and reducing the energy of the compressed air wave that follows these explosions.
Cymat Technologies’ previous deliveries involving two underbelly kits were delivered so further testing and evaluation by the manufacturer and Singaporean military could be completed. These tests were done with an eye towards retrofitting the military’s fleet of troop and supply carrying vehicles, and now the customer has confirmed the military’s commitment to moving forward with installation of the blast kits on their vehicles and starting low rate initial production.
Read more: The Mugglehead technology roundup: global defense edition
Read more: The Mugglehead technology roundup: security and defense edition
