Ceradyne, Inc. Receives $14.6 Million Orders for Ceramic Armor for Elite U.S. Troops and U.S. Marines
September 20 2005 - 7:30AM
Business Wire
Ceradyne, Inc. (Company) (Nasdaq:CRDN) received orders totaling
$14.6 million for its lightweight ceramic armor systems:
approximately $12 million for certain elite U.S. fighting units and
$2.6 million for the U.S. Marine Corps. Shipments are expected to
commence in October 2005 and be completed by August 2006. These new
orders are separate from the $461 million contract for SAPI and
ESAPI for the U.S. Army announced on August 20, 2004. Joel
Moskowitz, Ceradyne chief executive officer, commented: "I am
pleased that the orders for ceramic armor being received by
Ceradyne represent not only potential growth beyond ESAPI products
but also the addition of new customers. Approximately $1.56 million
of the above orders is for specially designed body armor, shaped to
protect other areas of the body in addition to the chest and back,
which Ceradyne's current line of body armor is designed to
protect." 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.
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