CEMATRIX Announces Net Growth of $4.2 Million in New Contracts and $3.1 Million in New Contracts Underway, Canadian Business Journal

Calgary, Alberta, October 26, 2022 (GLOBE NEWSWIRE) — Sematrix Co., Ltd. (TSXV: CVX) (OTCQB: CTXXF) (“Sematrix” or “Company“) Leading North American manufacturers and suppliers of technologically advanced aerated concrete products, including CEMATRIX (Canada) Inc. (“CCI”), MixOnSite USA Inc. (“MOS”), and Pacific International Graut, wholly owned Announced business subsidiary. The company (“Pigco”) made him $4.2 million on new contracts and earned $3.1 million on other projects due to agreements the contracts are being processed.

The company’s backlog remains strong at $83.6 million, taking into account $4.2 million of executed contracts, converted contracts, $3.1 million of net new contracts in progress, and sales completed to date. Of the company’s backlog, $34.7 million is currently under contract and $48.9 million is in process.

CEMATRIX President and CEO Jeff Kendrick said: “Demand remains strong and is reflected in the strong order backlog total. We had a good quarter from a sales perspective and given cement supply remains solid, sales for the rest of the year should continue to be strong.” I expect to.”

“Severe cement shortages have had a significant impact on infrastructure projects across North America over the past year. Despite these challenges, CEMATRIX meets the cement and ready-mix slurry requirements for most projects.Our ability to ensure sufficient quantities of cement and ready-mix for these projects is , is a testament to the hard work and dedication of our sales and project management staff, and the strong relationships we have with our suppliers, including our partners.”

Kommuninvest’s backlog is defined as contracted and in-progress contracts less net sales completed to date. A contract in progress is defined as a project whose associated contract is in the office for review or signature. Or sign it and send it back to the client for signature. Or you are in the post-award project submission process. or awarded by Letter of Intent. or by other form of written communication.

About Sematrix

CEMATRIX is a rapidly growing company that manufactures and supplies technologically advanced aerated concrete products developed from proprietary formulations throughout North America. With excellent thermal protection, this unique cement-based material offers innovative, cost-effective solutions to a wide range of problems facing the infrastructure, industrial (including oil and gas), and commercial markets. Offers. With the acquisition of Chicago-based MixOnSite and Bellingham-based Pacific International Graut, CEMATRIX is now a true leader in the growing North American cellular concrete market. CEMATRIX’s recent investment in foam glass manufacturer Burlington Vermont’s Glavel Inc. strengthened his CEMATRIX commitment to the environment in the infrastructure construction sector. For more information, please visit our company’s website www.cematrix.com.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively, “forward-looking statements”). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements generally refer to the use of words such as “plans,” “anticipates,” “estimates,” “intends,” “expects,” “believes,” or variations of such words. , or can be identified by a description of a particular behavior. , an event or result “may” . The forward-looking statements contained in this news release are based on certain important expectations and assumptions made by the Company, including the satisfaction of regulatory requirements in various jurisdictions and the Company’s anticipated use of the net proceeds of the public offering. . Forward-looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in our filings with Canadian securities regulators. and could cause actual results, achievements, prospects and opportunities to differ materially from those expressed or implied by such statements. Forward-Looking Statements.

Although we believe the assumptions and factors used in making these forward-looking statements are reasonable based on the information available to management at this time, actual results and developments may vary. , may differ significantly from those assumed in these statements. Therefore, readers are cautioned not to place undue reliance on these statements. Except as required by applicable law, we do not make forward-looking statements, whether as a result of new information, future events or otherwise. disclaims any intention or obligation to update or revise any statements relating to

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

For more information, please contact:
Jeff Kendrick – President and CEO
Phone: (403) 219-0484

Glenn Axelrod – President, Bristol Capital
Phone: (905) 326 1888 Ext. 1
[email protected]

Jeff Walker, Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
[email protected]

CBJ Newsmaker