Ceradyne Vehicle Armor Systems and Ideal Innovations, Inc. Announce Introduction of High-Threat Vehicle Designated the ``BULL''
June 07 2007 - 1:12PM
Business Wire
Ceradyne, Inc. (Nasdaq:CRDN), through its vehicle armor division,
Ceradyne Vehicle Armor Systems, and in conjunction with its teaming
partner, Ideal Innovations, Inc. of Arlington, Virginia, announced
today the introduction of a high-threat vehicle designated the
"BULL.� According to Marc King, Vice President of Armor Operations
for Ceradyne, the vehicle is specifically designed for close urban
terrain and can withstand the most lethal IED (improvised explosive
device) threats that are currently facing our ground forces in Iraq
and Afghanistan. Intended to complement the overall mission
capabilities of the MRAP (mine resistant ambush protected) class of
vehicles, the BULL�s armor provides needed protection against
explosively formed penetrators (EFPs), the shaped charges that hit
vehicles from the side in close urban terrain, as well as survive
conventional IED attacks that have been used against coalition
forces. �The BULL is a commercial derivative of a vehicle that
successfully passed limited testing by the U.S. Government. Whereas
the details of its complete capabilities remain classified, it has
clearly demonstrated a level of performance and crew survivability
not previously seen in other armored vehicles," said King. "We feel
this is a clear technological leap forward in crew survivability."
In addition to the increase in crew survivability from the most
lethal threats, noted King, the BULL can be configured as a
logistics vehicle for the transport of cargo, fuel and other
supplies providing logistics crews the same increased level of
protection as that being provided to ground forces. Future
procurements of the BULL are under discussion with several
government agencies, in addition to the Department of Defense, who
have expressed interest. 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 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, 2006, and its Quarterly Reports on Form 10-Q, as filed
with the U.S. Securities and Exchange Commission.
Ceradyne, Inc. (MM) (NASDAQ:CRDN)
Historical Stock Chart
From May 2024 to Jun 2024
Ceradyne, Inc. (MM) (NASDAQ:CRDN)
Historical Stock Chart
From Jun 2023 to Jun 2024