Cymat Technologies Ltd. announced that SmartMetal?, a division of Cymat, has received its first serial production order to provide stabilized aluminum foam underbelly kits to an Asian military vehicle manufacturer. This initial order is comprised of 24 kits for an expected 350 kit order over 3 years. These kits are destined for the customer's national military fleet which totals approximately 700 vehicles.

Cymat has been working with the Asian military vehicle manufacturer to develop underbelly blast protection kits for this vehicle for several years. For the past 18 months the kits have been supplied on a low-volume basis. The customer has now transitioned to full-rate production of its initial 350 vehicle order.

While this order is still on a quoted-price basis, Cymat expects to transition imminently to a definitive 3-year supply contract. The full value of the contract is anticipated to be in the $4 million - $5 million range.