CEMATRIX Corporation
TSX VENTURE : CVX

November 28, 2011 17:57 ET

CEMATRIX Corporation Announces New Orders and Product Approval

CALGARY, ALBERTA--(Marketwire - Nov. 28, 2011) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation") is pleased to announce that its wholly-owned subsidiary, CEMATRIX (Canada) Inc., has received additional purchase orders and/or contracts in the amount of CDN $1.3 million for the supply of cellular concrete for new infrastructure projects. This brings the total contracted sales for 2011 to CDN $9.3 million. All of these orders were scheduled for completion in 2011 however management projects that a minimum of $1.5 million of these contracted sales will be delayed until the first or second quarter of 2012.

The Corporation is also pleased to announce that its cellular concrete has been approved by the Ministry of Transportation, Ontario (MTO) for use in that province. This approval was the result of a lengthy engineering review by the MTO. The approval enables the Corporation to market its cellular concrete for use in MTO projects, together with regional projects that rely on the MTO approval for their approved product list.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.

Contact Information

  • CEMATRIX Corporation
    Jeffrey Kendrick
    President and Chief Executive Officer
    (403) 219-0484