Ceradyne, Inc.'s ESK Ceramics Receives 5-Year 35 Million Euro (50 Million USD) Contract for Industrial Ceramic Seal Faces
January 14 2008 - 7:30AM
Business Wire
Ceradyne, Inc. (NASDAQ: CRDN) announced today that its ceramics
operation, ESK Ceramics in Kempten, Germany, received a 5-year
contract for its EKasic� silicon carbide industrial pump seal faces
for an estimated minimum amount of 35 million Euro (50 million
USD). ESK Ceramics has developed a product line of these pump seal
faces for a wide variety of stringent applications requiring high
levels of material properties as well as precision mechanical
dimensions. ESK has been working on this program for more than 20
years. Thomas Juengling, president of ESK Ceramics, commented:
�This multi-year order will support Ceradyne�s strategy of
developing commercial and industrial advanced technical ceramic
products which are not dependent on its military product offering.
The Kempten operation is in the process of significantly expanding
its EKasic� silicon carbide product line and this order gives us
the confidence that our recent capital expenditure commitment will
be justified.� Barbara Schaaf, ESK vice president of sales,
commented: �We feel that ESK�s customer orientation and focus on
quality and delivery are responsible for this recent 'win' from a
long-time trusted ESK Ceramics customer.� Ceradyne and its
subsidiaries develop, manufacture and market 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