Cymat Technologies Secures $1.8 Million Order for Military Vehicle Protection Kits

Cymat Technologies Ltd. has recently made headlines with the receipt of a substantial order worth $1.8 million for stabilized aluminum foam underbelly kits, catering specifically to an Asian military vehicle manufacturer. This order marks a significant step in the company’s ongoing partnership with military clients and highlights the increased demand for advanced protective technologies in defense.

The order consists of 176 blast protection kits, set to be delivered over the 2026 calendar year. This represents the third purchase order received under the customer's full-rate production schedule, indicating a growing trust in Cymat's capabilities and products. These specialized underbelly kits are designed to be integrated into personnel transport vehicles that are being supplied to the National Armed Forces of the purchasing nation.

Cymat has established a robust agreement which is expected to result in the supply of SmartMetal™ blast protection systems for a total of 350 vehicles, with completion of deliveries anticipated within 18 months. The full contract value for this initial supply agreement is estimated to fall within the $4 million to $5 million range, reflecting Cymat's optimistic outlook on future military contracts and engagements.

The National Armed Forces are ultimately set to acquire a fleet of 700 vehicles from this manufacturer, highlighting a strategic initiative aimed at bolstering national defense infrastructure. This aligns with a global trend where countries are ramping up defense spending, particularly in light of recent commitments by NATO member nations, which paves the way for enhanced sales opportunities in the defense market.

Michael Liik, Chairman and CEO of Cymat Technologies, commented, “We have received consistently larger orders from this long-standing military customer and expect the trend to continue. With our enhanced credibility and more established footing in this vertical, we anticipate additional opportunities with this current customer, as well as increased interest from our other SmartMetal customers in the defense sector. This is expected to provide more predictable revenue growth for Cymat.”

In addition to securing this order, Cymat Technologies has also announced the successful completion of a non-brokered private placement of equity units, as detailed in a prior release. This initiative resulted in the issuance of 11,934,615 equity units at $0.13 per unit, generating gross proceeds of $1,551,500. These units are composed of one Common Share and a Common Share Purchase Warrant, which allows holders to purchase one Common Share at a price of $0.18 for a period of 24 months.

About Cymat Technologies Ltd.

Cymat Technologies Ltd. specializes in the production of Stabilized Aluminum Foam (SAF), an innovative and lightweight material with a wide range of applications, including architectural design and military vehicles. The unique production process involves injecting gases into an alloyed aluminum molten bath infused with ceramic particles, resulting in advanced material properties such as customizable density, mechanical energy absorption, and thermal insulation.

As companies like Cymat continue to innovate and respond to the growing demands of the defense sector, their products will likely play a vital role in increasing the safety and survivability of military personnel and equipment. Interested readers can find further information on Cymat Technologies and their products on their official website, www.cymat.com.