SmartMetal secures second major order for blast-protection kits from Asian military vehicle manufacturer
The latest purchase order, valued around C$510,000, includes 48 kits designed to enhance the survivability of personnel transportation vehicles used by the customer's National Armed Forces
Cymat said that the global trend toward increased defense budgets—highlighted by recent NATO member commitments—is expected to bolster its customer's vehicle sales, potentially opening new markets for SmartMetal's advanced materials technology
Cymat stock (TSXV:CYM) last traded at $0.18
SmartMetal, a division of Cymat Technologies (TSXV:CYM), has received its second serial production order to supply its proprietary stabilized aluminum foam underbelly blast-protection kits to a leading Asian military vehicle manufacturer. The latest purchase order, valued around C$510,000, includes 48 kits designed to enhance the survivability of personnel transportation vehicles used by the customer's National Armed Forces.
'We extremely pleased to see a ramp up of orders from our long time customer and anticipate that order sizes will continue to increase over the next 12 months,' Michael Liik, Cymat's chair and CEO said in a news release.
This order follows an initial 24-kit purchase announced in July 2024, which was successfully delivered in August and September of that year. Both orders are part of a broader full-rate production schedule initiated by the customer, reflecting growing demand for advanced vehicle protection systems amid rising global defense spending.
The customer's production roadmap anticipates an additional order of 25 kits in the fall of 2025. Over the next three years, Cymat expects to deliver a total of 350 SmartMetal blast-protection systems under the current supply contract, with the total contract value estimated between C$4 million and C$5 million.
The underbelly kits are being integrated into a fleet of 700 personnel carriers being procured by the National Armed Forces, underscoring the strategic importance of lightweight, high-performance armor solutions in modern military operations.
Cymat also noted that the global trend toward increased defense budgets—highlighted by recent NATO member commitments—is expected to bolster its customer's vehicle sales, potentially opening new markets for SmartMetal's advanced materials technology.
Earlier this week, the company announced that it had signed a letter of intent with Rio Tinto Alcan to acquire its aluminum metal matrix composite (MMC) technology, including an existing customer base.
Cymat Technologies Ltd. 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) last traded at $0.18 and has risen 50.00 per cent since the year began and is up 20.00 per cent since this time last year.
Join the discussion: Find out what everybody's saying about this industrial materials stock's potential acquisition of Rio Tinto technology on the Cymat Technologies Ltd. Bullboard and check out Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
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