MISSISSAUGA, Ontario, Oct. 5, 2006 (PRIMEZONE) -- Aerofoam Metals Inc. (Pink Sheets:AFML) (www.aerofoammetals.com) is pleased to announce that it has signed a three-year, mutually exclusive supply agreement with Alcoa Inc. for the purpose of supplying the company with material for its product, Aerometal(tm).
"It has always been critical for both Aerofoam and our customers to know that the supply of material is going to be consistently available and with the highest quality. While our relationship has evolved over time, this supply agreement with Alcoa speaks to the long term approach we and our strategic partners are taking when planning for the future," said Mr. Paul Colacci, Chairman of the Board.
About Aerofoam Metals Inc.
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.