Holes for hanging er what? Need specifics.
Just pop grommets.. Or, you said you have an I cut, our zund does a wonderful job with foam.
I call BS on your comment that a Zund can NOT cut a 1/4" hole! I just did in 3/16 foam core and it looks beutiful!Zund will not cut a 1/4" dia hole cleanly. Esko can get to a much smaller dia due to the blade they use. I would still cut mine with a mallet and a tube punch, if you are talking only a few dozen holes
i use a hole drill used in a bindery for drilling holes in paper. They use a special hollow bit and it works perfectly for me every time.
I use it for 3/16 foam core, 3/16 gator board and 1/2 gator board.
I can usually stack 2 high and still get a clean cut.
I just did some signs yesterday for hanging from the ceiling in my wifes classroom.
I call BS on your comment that a Zund can NOT cut a 1/4" hole! I just did in 3/16 foam core and it looks beutiful!