- Cymat Technologies ( OTCQB:CYMHF ) has received a purchase order for military under-belly blast protection kits from an Asian military vehicle manufacturer for use by the Singaporean military.
- This order for three blast kits represents the first production order of ultimately up to 700 blast kits by this military.
- The final value of the purchase orders is anticipated to be between $5 and $7M.
- With testing now completed, our customer has confirmed the military's commitment to moving forward to install the blast kits on their vehicles and the commencement of Low Rate Initial Production.
- "By obtaining this order, Cymat will achieve a solid long-term base load for its factory, as well as enhance its credibility with other vehicle manufactures with whom we are currently in discussions." said Cymat CEO, Michael Liik.
For further details see:
Cymat Technologies announces first significant military serial production order