Cymat Announces Progression To Prototypes And Physical Testing On Automotive Component
June 20, 2023 – Mississauga, Ontario – Cymat Technologies Ltd. (TSXV: CYM; OTCQB: CYMHF) (the “Company” or “Cymat”) is pleased to announce that it has commenced with the production of prototype automotive components to be followed by physical impact testing for an electric vehicle manufacturer (“OEM”).Cymat has been working with this OEM for almost a year to develop a composite solution for the underside impact protection of a new electric vehicle’s (“EV”) battery enclosure. The traditional industry solution has been a reinforced, high-strength steel plate. The OEM engaged Cymat when its own solution, a machined high-strength steel plate, failed to …
