Ceradyne, Inc. Receives $12.1 Million ESAPI Order
February 20 2009 - 12:19PM
Business Wire
Ceradyne, Inc. (NASDAQ: CRDN) received a $12.1 million ESAPI
(Enhanced Small Arms Protective Inserts) order to be delivered in
the first and second quarter of 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 $12.1 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 contract this
year.�
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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