CRDN Ceradyne, Inc. (MM)

Ceradyne, Inc. (Company) (Nasdaq:CRDN) is third in FORTUNE's annual ranking of the 100 fastest-growing companies based on revenue and profit growth and total return from stock price appreciation during the three-year period from 2002 into 2005. This year's list includes the fastest-growing companies from a range of industries, including leading-edge companies with innovative technologies and products. More than half (54) of the companies on the list have been publicly traded for at least 10 years, and 16 have been among the best-performing companies during the past 10 years. Ceradyne Chief Executive Joel Moskowitz remarked: "We continue to be pleased with the Company's business growth and financial performance and are looking forward to further product and market expansion in future periods, not only in the U.S. but also in Europe and Asia. "While the military body armor segment of Ceradyne's advanced ceramics business has benefited from military and political events of the last several years, other product segments have been growing as well," Moskowitz added. "Areas showing growth or promising potential include products such as drive-train components for engines in heavy-duty diesel trucks; lightweight armor for military and commercial vehicles, including land, sea and air; industrial tools and parts for manufacturing processes; and other applications where resistance to heat, friction, corrosion, wear and breakage are required or highly desired." Ceradyne develops, manufactures and markets advanced technical ceramic products and components for defense, industrial, automotive/diesel and commercial applications. Additional information about the Company can be found at www.ceradyne.com. Except for the historical information contained herein, this news release contains forward-looking statements regarding future events and the future performance of Ceradyne that involve risks and uncertainties that could cause actual results to differ materially from those projected. Words such as "anticipates," "believes," "plans," "expects," "intends," "future" and similar expressions are intended to identify forward-looking statements. Other risks and uncertainties are described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2004, and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2005, as filed with the U.S. Securities and Exchange Commission.