Cymat Technologies Ltd. has announced the signing of a Letter of Intent (LOI) with Rio Tinto Alcan Inc. (RTA) to acquire the technology and associated know-how for manufacturing RTA’s proprietary aluminium metal matrix composites (MMC). As part of the agreement, Cymat also aims to facilitate the seamless transition of RTA’s existing customer base for the product.
RTA, which has been producing and marketing this specialised material, is exiting the MMC business as part of a broader strategic reorganisation.
To ensure continuity for its long-standing customers, RTA is working toward an uninterrupted handover. Cymat, which relies on MMC as the core material for producing its stabilised aluminium foam (SAF), stated that acquiring this technology is a strategic move aligned with its growth plans.
Cymat plans to establish MMC production capabilities at its existing facility in Mississauga. The company noted that the production requirements for MMC closely align with those of its stabilised aluminium foam (SAF), allowing it to leverage its current workforce, engineering expertise, and support infrastructure. Capital investment for the necessary equipment is projected to range between $2 million and $2.5 million.
While the exact cost of the technology and know-how transfer has not yet been finalised, Cymat expects it to fall within the low to mid-six-figure range. The initiative will be funded through a combination of proceeds from outstanding warrants and equipment financing. Cymat expects the new production line to be fully commissioned and operational by the end of the current fiscal year.
What is Aluminum metal matrix composites?
MMC, a ceramic particle-infused aluminium, is widely used in the automotive and rail sectors to produce lightweight, high-wear-resistant components. Aluminum metal matrix composites (Al MMCs) are valued across various industries for their exceptional strength-to-weight ratio, stiffness, and wear resistance.
Formed by combining aluminium with reinforcing particles such as silicon carbide (SiC) or alumina (Al₂O₃), these advanced materials are widely used in the aerospace, automotive, and industrial sectors. Their ability to deliver lightweight performance while withstanding demanding conditions makes them ideal for applications that require durability and high wear resistance.
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