CALGARY, ALBERTA--(Marketwired - June 27, 2016) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation" or the "Company" or "CEMATRIX") is pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc. has entered into a Joint Marketing Agreement ("the Agreement") with Lafarge Canada, Inc. ("Lafarge"), a member of LafargeHolcim.
The five-year Agreement is for the joint development of cellular concrete markets throughout Canada to increase awareness of the construction challenges which can be solved by cellular concrete solutions, and thereby drive sales.
"This is a monumental step forward for CEMATRIX," stated Mr. Kendrick, President and CEO of CEMATRIX. "Cellular concrete is an emerging construction solution that uses significant quantities of cement in its manufacture, so the two companies have the opportunity to build on one another's expertise."
"Lafarge and CEMATRIX have a number of joint successes to date and the opportunity to work more closely together is formalized in this Agreement," stated Barry Martin, Lafarge's Vice President of Cement Sales and Logistics."
"It is the intent of both CEMATRIX and Lafarge to expand on these successes by committing sufficient resources to furthering cellular concrete applications throughout Canada," stated Mr. Kendrick. "CEMATRIX has the technology and Lafarge has a significant sales and marketing team, together with the strength and history of its business to make this market development program a success."
"In order to support this new Agreement, the continued growth of cellular concrete markets and the expected additional growth to be generated from this new increased working relationship, CEMATRIX intends to construct two new dry mix units, at an estimated cost of $2.5 million and plans to have them operational by the spring of 2017."
CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement based material with superior thermal protection, delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", expect", "would' or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries' future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX's beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX's Management Discussion and Analysis dated May 4, 2016 under CEMATRIX's profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.