Ceradyne Diaphorm Receives $9.5 Million Order for "Seamless Ballistic(R)" Helmet Components
September 08 2011 - 7:30AM
Marketwired
Ceradyne, Inc. (NASDAQ: CRDN) announced that it has received orders
for $9.5 million for its Seamless Ballistic® helmet components.
Ceradyne's customer will enhance these components with various
upgrades and in turn will ship them to certain elite military units
worldwide. This order will be produced at Ceradyne's wholly owned
subsidiary Ceradyne Diaphorm in Salem, New Hampshire. Shipments
will begin immediately with the bulk of the order scheduled for
2012 shipment.
Bob Miller, General Manager of Ceradyne Diaphorm, commented: "We
are very pleased to have received this order from a valued,
long-time customer of Ceradyne Diaphorm. Although this is not the
enhanced combat helmet (ECH) which is currently in advanced
testing, nevertheless it is a significant order for Ceradyne
Diaphorm and is illustrative of a potentially broad market here and
with our allies for the Ceradyne Diaphorm proprietary helmet
technology."
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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