CYMAT ANNOUNCES RECEIPT OF $1.8M ORDER OF UNDERBELLY KITS FOR ASIAN MILITARY

Core Viewpoint - Cymat Technologies Ltd. has secured a new production order for stabilized aluminum foam underbelly kits valued at $1.8 million from an Asian military vehicle manufacturer, indicating a growing demand for its products in the defense sector [1] Group 1: Production Orders and Contracts - The recent purchase order includes 176 blast-protection kits to be delivered throughout 2026, marking the third order under the customer's full-rate production schedule [1] - This initial supply contract is expected to provide SmartMetal™ blast protection systems for 350 vehicles, with delivery anticipated to be completed within 18 months [1] - The total value of this contract to Cymat is estimated to be in the range of $4 million to $5 million [1] Group 2: Market Trends and Opportunities - The National Armed Forces are acquiring a fleet of 700 vehicles, which is expected to enhance sales opportunities for Cymat's customer due to the global trend of increased national defense spending [1] - The Chairman and CEO of Cymat expressed confidence in receiving larger orders from this military customer and anticipates increased interest from other SmartMetal customers in the defense sector [1] Group 3: Financial Activities - Cymat has completed a non-brokered private placement of equity units, issuing 11,934,615 units at a price of $0.13 per unit, resulting in gross proceeds of $1,551,500 [1] - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of shares at $0.18 for a period of 24 months [1]