Cymat Appoints Three New Managers
Toronto, Ontario (October 10, 2001) – Cymat Corp. (TSE:CYM), an innovative materials technology company, today announced it has augmented its management team through the appointment of three new managers: Jeff Baron, as Program Manager, Automotive Markets, North America; Jamie Schneiderman, as Program Manager, Architectural & Design Products; and Petter Skarberg, as Manager, Business Development, Europe.
“We’re very pleased to welcome these three experienced, energetic managers to our team,” said Michael Liik, Chairman and CEO of Cymat Corp. “They represent a combination of consumer marketing, engineering, product development and partnership-building expertise that is well-suited to assist us in commercializing our revolutionary aluminum foam. The addition of Mr. Skarberg attests to our strong commitment to the European market.”
Jeff Baron will be assuming responsibility for Cymat’s co-development programs with the automotive industry, including the addition of new relationships. His educational background spans both business and engineering, with a B.A.Sc. in Mechanical Engineering from the University of Waterloo and an MBA from Queen’s University. Most recently, Mr. Baron was a Program Manager for a Tier 1 automotive component supplier to Honda, where he managed the development and start-up of a new technology hydroforming production facility. Previous posts include Project Engineer at Husky Injection Molding Systems.
Jamie Schneiderman will be developing the marketing strategy and guiding product development for the architectural and design markets in North America in order to capitalize on the strong interest Cymat has received from architects and interior designers. He most recently completed his MBA at Harvard University. Previously, his five years as a Brand Manager at Procter and Gamble gave him extensive experience in product marketing, including developing and implementing strategies to grow market share. During his post as Business Development Manager at Enbridge Services, he was responsible for developing the strategy for the launch of Enbridge, a retail energy solutions business.
Petter Skarberg brings a wealth of business development and operations management experience to his new role at Cymat, where he will be drawing on his extensive network of industry contacts in Europe to form joint ventures and co-development programs in a number of industries. He also has an in-depth knowledge of aluminum foam and its potential users developed in his time as the President of Norsk Hydro’s joint venture with a Norwegian-based aluminum casting company. Mr. Skarberg holds a M.Sc. in Engineering from The Norwegian Institute of Technology and a B.Sc. in Economics from The Norwegian School of Management. As CEO of an international consumer products company, he successfully grew sales through his substantial business development efforts. Most recently, he has worked as a management and marketing consultant to international companies.
About Cymat
Cymat is a materials technology company that has exclusive worldwide rights, through patents and licenses, for producing Stabilized Aluminum Foam (SAF). The proprietary, versatile process to produce SAF combines alloyed aluminum with a metal matrix composite to create strong, lightweight panels and shapes or fill cavities. SAF is a revolutionary material with a wide array of benefits, including a high strength-to-weight ratio, mechanical energy absorption, thermal and acoustic insulation, recyclability and relative low cost of production. Cymat’s research and development group is collaborating with a number of partners spanning the automotive, rail, oil and gas, marine and defense industries to develop applications for SAF. The company’s principal focus is on automotive, where SAF is ideally suited to the industry’s objectives to make vehicles lighter, safer and better for the environment. After years of extensive R&D, Cymat began commercialization of SAF in 2000 and has processed initial commercial orders. For further information, visit the Web site www.cymat.com.
For further information, please contact:
Michael M. Liik
Chairman & CEO
Cymat Corp.
(905) 696-9900
email: investor@cymat.com
Marla Gale
Investor Relations
Fleishman-Hillard Canada
(416) 214-0701
email: galem@fleishman.com