30-04-2025
- Business
- The Market Online
Cymat secures 10-year nuclear industry supply deal
Cymat Technologies (TSXV:CYM), a provider of Stabilized Aluminum Foam, signed a 10-year supply agreement with France's Nuvia, an existing nuclear energy industry partner
The agreement extends the ongoing integration of Cymat SmartMetal panels within Nuvia's Nufoam systems to protect infrastructure and nuclear facilities
Cymat manufactures and sells Stabilized Aluminum Foam, a patented, ultra-light, cellular metallic material with applications in architectural design, military and automotive
Cymat stock has given back 27.78 per cent year-over-year and 45.83 per cent since 2020
Cymat Technologies (TSXV:CYM), a provider of Stabilized Aluminum Foam, signed a 10-year supply agreement with France's Nuvia, an existing nuclear energy industry partner.
Nuvia – a subsidiary of the VINCI group and nuclear division of Soletanche Freyssinet – has over 60 years of experience operating in highly regulated and sensitive industrial sites throughout the project life cycle, including nuclear energy, civil and military defense, health and environmental. The company is based in France, the world's largest producer of nuclear electricity at 70 per cent of domestic supply.
The agreement extends the ongoing integration of Cymat SmartMetal panels within Nuvia's Nufoam systems, which protect nuclear facilities and infrastructure against environmental threats.
The companies intend to undertake joint marketing initiatives within France and internationally, with eyes on capitalizing on the rising demand for nuclear power from governments around the world to better align with emissions reduction goals. Leadership insights
'We are pleased to formalize our relationship with Nuvia and look forward to a fruitful long-term relationship with them,' Michael Liik, Cymat's chairman and chief executive officer, said in a statement. 'After so many years of development work, nuclear now forms a solid pillar of strong and predictable revenue growth for Cymat.' About Cymat Technologies
Cymat manufactures and sells Stabilized Aluminum Foam, a patented, ultra-light, cellular metallic material notable for its customizable density and dimensions, mechanical energy absorption, thermal and acoustic insulation, as well as time, temperature and strain-rate insensitivity. The technology, marketed under the SmartMetal brand, has applications in architectural design, military and automotive.
Cymat stock (TSXV:CYM) is up by 8.33 per cent trading at C$0.13 as of 9:33 am ET. The stock has given back 27.78 per cent year-over-year and 45.83 per cent since 2020.
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(Top photo of Stabilized Aluminum Foam: Cymat Technologies)
