Ceradyne Inc. to Develop Prototype Lightweight Ceramic-Armored Crew Compartment for the Flyer(R) ITV (Internally Transportable
May 24 2006 - 2:44PM
Business Wire
Ceradyne, Inc. (Company) (Nasdaq:CRDN) received a purchase order
from Flyer Defense, LLC, in Inglewood, California, for a prototype
lightweight ceramic-armored crew compartment for the Flyer(R) ITV
(Internally Transportable Vehicle) incorporating technology
specifically designed to meet the requirements of the U.S. Army's
recently announced Long Term Armor Strategy (LTAS). The Flyer(R)
ITV, or ALSV (Advanced Light Strike Vehicle), is a multi-role,
military light tactical vehicle that fills a number of military
requirements for a lightweight, highly mobile vehicle capable of
fast attack, serving as a weapons carrier, or use for command and
control or logistical support. The Flyer(R) ITV will also be easily
configured and transported in the Army's CH-47 Chinook helicopter
or Marine Corps' CH-53E Super Stallion helicopter. The Flyer(R) ITV
may also be configured with add-on armor and still be internally
transported in the new Special Operations aircraft, the V-22
Osprey. Ceradyne will incorporate its FlexKit(TM) ceramic armor
system, which is adjustable and interchangeable and consistent with
LTAS requirements for ballistic and blast protection. The build
will be performed at Ceradyne's Wixom, Michigan, facility, with the
lightweight armor design allowing the use of the Flyer's standard
drive train components. Ceradyne will display the Flyer(R) ITV with
FlexKit(TM) armoring at the Special Operations Command Exhibition
next month in Tampa, Florida. Marc King, Ceradyne vice president of
armor operations, commented: "We are pleased to be teaming with
Flyer Defense to develop a new lightweight armor crew cab for its
Flyer(R) advanced tactical vehicles that meets the requirements for
the U.S. Army's Long Term Armor Strategy as well as the unique
needs of our Special Operations Forces. The primary objective of
using Ceradyne's lightweight armor as part of the overall design is
to protect crews from high levels of ballistic threats, including
blast protection, while achieving significant reductions in weight
compared to traditional all-metal armor. "We understand that Flyer
plans to offer this vehicle with Ceradyne armor protection to all
branches of the U.S. military and a number of foreign governments
that have expressed interest in lightweight tactical vehicles,"
King added. "The design flexibility of FlexKit(TM) ceramic armor
and the resulting advanced features and performance characteristics
of the Flyer(R) will make it attractive for a variety of military
applications." Ceradyne develops, manufactures and markets advanced
technical ceramic products and components for defense, industrial,
automotive/diesel, and consumer applications. Additional
information about the Company can be found at www.ceradyne.com.
This press 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 Annual
Report on Form 10-K for the fiscal year ended December 31, 2005,
and its Quarterly Reports on Form 10-Q, as filed with the U.S.
Securities and Exchange Commission.
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