Ceradyne, Inc. Receives $10 Million XSBI Body Armor Order
June 01 2011 - 12:42PM
Marketwired
Ceradyne, Inc. (NASDAQ: CRDN) announced that it has received an
order for approximately $10 million for "side plates" designed for
the more lethal "X" threat. These side ballistic inserts are
referred to as XSBI. Ceradyne plans to begin shipments late in Q2
with completion estimated to be by Q3 2011.
David P. Reed, Ceradyne President, North American Operations,
commented: "We are pleased to have been awarded this XSBI contract.
We have already ramped up our Lexington, Kentucky and Irvine,
California facilities."
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 about the Company
can be found at http://www.ceradyne.com.
Forward-Looking Statements 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, 2010 and its Quarterly Reports on
Form 10-Q as filed with the U.S. Securities and Exchange
Commission.
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