Ceradyne, Inc. Receives $5.8 Million ESAPI Order
January 04 2011 - 2:10PM
Marketwired
Ceradyne, Inc. (NASDAQ: CRDN) received a $5.8 million ESAPI
(Enhanced Small Arms Protective Inserts) order which is expected to
be shipped in the first quarter of 2011. This order is a delivery
order issued by the U.S. Army RDECOM ACO Center, Aberdeen Proving
Ground, MD, against a larger ID/IQ (Indefinite Delivery/Indefinite
Quantity) contract. Ceradyne's practice is to only book firm
delivery orders such as the above $5.8 million as backlog for
scheduled delivery.
David Reed, Ceradyne's President North American Operations,
commented, "We are very pleased to have received this order and
will continue to ship this ESAPI product on time with the high
standards of quality required."
Information about Ceradyne, Inc.
Ceradyne develops, manufactures and markets advanced technical
ceramic products and components for defense, industrial, energy,
automotive/diesel and commercial applications.
In many high performance applications, products made of advanced
technical ceramics meet specifications that similar products made
of metals, plastics or traditional ceramics cannot achieve.
Advanced technical ceramics can withstand extremely high
temperatures, combine hardness with light weight, are highly
resistant to corrosion and wear, and often have excellent
electrical capabilities, special electronic properties and low
friction characteristics. Additional information can be found at
the Company's web site: 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, 2009,
and its quarterly Reports on Form 10-Q, as filed with the U.S.
Securities and Exchange Commission. Readers are cautioned not to
place undue reliance on the forward-looking statements, which speak
only as of the date thereof.
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