Ceradyne, Inc. Receives $8.8 Million Order for Next-Generation Ceramic Body Armor
April 04 2006 - 2:30PM
Business Wire
Ceradyne, Inc. (Company) (Nasdaq:CRDN) received a sole-source
contract from the United States Special Operations Command not to
exceed $8.8 million for next-generation ceramic body armor
components. These new components, developed by Ceradyne's research
and development team to meet the Special Operations' unusual and
compelling urgency, are scheduled to be shipped in the second and
third quarters of 2006. Joel Moskowitz, Ceradyne chief executive
officer, stated that this order represents the first of what may be
a new series of lightweight ceramic armor components to be used
initially by the Special Operations Command and that he is proud of
the level of effort and results that had been obtained by
Ceradyne's in-house ballistic development team. He anticipates that
these new components may become standard issue and, if that becomes
the case, the next series of orders might be placed on an open and
competitive basis. Moskowitz added that Ceradyne will be competing
for future orders for this new-generation armor. 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. These risks and
uncertainties are described in the Company's supplemental
prospectuses, dated December 13, 2005, as filed with the U.S.
Securities and Exchange Commission.
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