Ceradyne, Inc. Receives $9.1 Million Ceramic Body Armor Orders for U.S. Army and Marines
September 30 2005 - 7:30AM
Business Wire
Ceradyne, Inc. (Company) (Nasdaq:CRDN) received orders totaling
$9.1 million for its lightweight ceramic armor systems for the U.S.
Army and Marine Corps. Shipments are expected to commence in
October 2005 and be completed by February 2006. The two orders
included approximately $4.9 million for the U.S. Army's ESAPI
requirements and approximately $4.2 million for specialty designed
body armor for the U.S. Marine Corps. Joel Moskowitz, Ceradyne
chief executive officer, commented: "The increased capacity being
brought on stream in Lexington, Kentucky, is anticipated to allow
the Company to not only meet its ESAPI requirements but also
various other military ceramic armor systems which we believe will
be coming up." 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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