MISSISSAUGA, Ontario, Oct. 6, 2006 (PRIMEZONE) -- Aerofoam Metals Inc. (Pink Sheets:AFML); (www.aerofoammetals.com) is pleased to announce that it has signed an NDA (Non-Disclosure Agreement) with Decoma International Inc. -- a wholly-owned operating division of Magna International Inc. -- for the purpose of exploring areas of joint potential opportunity regarding Aerofoam Metals Inc. material.
"Automotive-related applications are ideal situations for the use of our Aerometal(tm). One of our strategic goals has been to target the automotive industry and we are very excited that we have been able to engage the industry as quickly as we have. The importance and value of this has not been lost on us and Aerofoam Metals looks forward to immersing itself in this opportunity," said Mr. Paul Colacci, Chairman of the Board and Head of Product Development. "As the automotive industry is looking for ways of increasing gas mileage for vehicles thereby reducing the need for fossil fuels, the use of Aerometal(tm) in vehicle applications will reduce the overall weight of the vehicle while maintaining strength. Added to that the fact that Aerometal(tm) has compaction capabilities to help avoid passenger injuries coupled with the material's energy/compaction qualities, make the potential opportunities in the industry very promising. Safety, reduced weight, better gas mileage, and reducing the dependence on oil are all tremendous value-added benefits that our Aerometal(tm) offers the industry."
About Aerofoam Metals
Aerofoam produces a highly unique product, known as Aerometal(tm) which has myriad of final application uses in any industry, being a possible substitute for any other metals, wood or plastic. Aerofoam's process allows it to produce simple applications as well as complex 3D forms which are required in the automotive and aerospace industries.
Products made from Aerometal(tm) maintain the physical characteristics of pure aluminum but at less density and weight. Product applications can be customized for specific densities as required and enables the use of Aerometal(tm) as a preferred material because of the properties of aluminum.
Products made from Aerometal(tm) offer substantial material benefits such as strength, durability, water resistance, energy/impact/blast absorption, resistance to mold, resistance to termites and rodents, ease of use, thermal conductivity, and electromagnetic (EMI) shielding, to name a few.
Aerofoam is marketing Aerometal(tm) on a global basis in a variety of manufacturing and industrial sectors and customers to integrate the use of Aerometal(tm) into a wide range of applications as well as interacting with qualified candidates to establish territorial or product licensing arrangements.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.