Ceradyne, Inc. Receives $21.9 Million ESAPI Order
November 05 2008 - 7:30AM
Business Wire
Ceradyne, Inc. (NASDAQ:CRDN) received a $21.9 million ESAPI
(Enhanced Small Arms Protective Inserts) order to be delivered late
in 2008 with completion in 1st quarter 2009. This order is a
delivery order issued by the Defense Supply Center Philadelphia
against a larger ID/IQ (Indefinite Delivery/Indefinite Quantity)
three-year contract issued in December 2007. Ceradyne�s practice is
to only book firm delivery orders such as the above $21.9 million
as backlog for scheduled delivery. David P. Reed, Ceradyne
President North American Operations, commented: �We are very
pleased to have received this order and believe we will continue to
ship this ESAPI product on time with the high standards of quality
required. Based on non-binding conversations with the government,
we believe that there will be additional delivery orders against
the blanket ID/IQ over the next 9 months.� 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, 2007, and its Quarterly
Reports on Form 10-Q, as filed with the U.S. Securities and
Exchange Commission.
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