Cymat Announces Strategic Investment in Tesseract Structural Innovations and Board Appointment
Summary
Our current focus is to combine Cymats aluminum foam - a material that one of our customers has called magical - with our engineering expertise to create high-impact automotive components. Tesseract is particularly pleased about Cymats addition of two seasoned automotive business development executives that will without a doubt accelerate the wider-scale adoption of our array of components." Cymat Technologies Ltd. has the global rights, through patents and established know-how, to manufacture and sell Stabilized Aluminum Foam ("SAF"), a unique, ultra-light, cellular metallic material. The result is an advanced, lightweight, recyclable material that exhibits unique characteristics including: customizable density and dimensions; mechanical energy absorption; thermal and acoustic insulation; and time, temperature and strain-rate insensitivity. Its flagship product, the patents-pending Uniform Deceleration Unit or UDU, is a unique structure that has the ability to absorb an enormous amount of energy during a vehicle crash.