Ceradyne, Inc. Appoints Dr. Thomas Juengling Ceradyne Vice President and President of ESK Ceramics.COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif. -- Ceradyne (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CRDN CRDN Certified Restoration Drycleaning Network ) has appointed its Chief Technology Officer, Dr. Thomas Juengling, to the office of Ceradyne Corporate Vice President and President of Ceradyne's German subsidiary, ESK ESK Esperanto-Societo Kebekia (Quebec Esperanto Society) ESK Ekonomik Sosyal Konsey ESK Eisenschweinkader (German bicycle club) ESK Electronic SWO (Staff Weather Officer) Kit Ceramics, located in Kempten, Germany. Dr. Juengling has been with ESK Ceramics since 1996 and for the past two years with Ceradyne, Inc. His PhD degree was earned from the Institute for Ceramics in Mechanical Engineering/Institute for Materials Science II, University of Karlsruhe, Germany. Dr. Juengling has held various scientific, marketing, and management positions both in Germany and for the past two years at Ceradyne's corporate headquarters in Costa Mesa, California Costa Mesa is a suburban middle class city in Orange County, California, United States. The population was 108,724 at the 2000 census. Since its incorporation in 1953, the city has grown from a semi-rural farming community of 16,840 to a suburban city with an economy based on . Dr. Juengling will have authority and responsibility for all aspects of ESK Ceramics, reporting directly to Ceradyne's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman of the Board, Joel Moskowitz. Dr. Juengling is 44 years old and will reside with his wife, Brigitte, in Kempten, Germany. Ceradyne acquired ESK Ceramics in 2004 for approximately $142 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ). ESK Ceramics currently represents approximately 27% of Ceradyne's estimated 2008 revenues. Ceradyne's CEO, Joel Moskowitz, commented: "The 2004 acquisition of ESK Ceramics by Ceradyne has contributed significantly to the successful growth of Ceradyne over the past three years. Because ESK Ceramics produces much of the basic raw materials used in our advanced technical ceramics, Ceradyne and ESK have resulted in a profitable, vertically integrated manufacturing model. "Dr. Juengling's ten years of experience, first with ESK Ceramics and more recently here in California as Ceradyne's Chief Technology Officer, results in the perfect experience background for his new position as President of ESK Ceramics. As Ceradyne's CEO, I am personally pleased and enthused over having an executive such as Thomas as a corporate officer as he brings to his new position the discipline and structure of an 85 year-old successful German company, ESK Ceramics, as well as the rapid growth and entrepreneurial experience of 40 year-old Ceradyne, Inc." 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended dated December 31, 2006 and its Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. as filed with the U.S. Securities and Exchange Commission. |
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