Ceradyne, Inc. Appoints Dr. Thomas Juengling Chief Technology Officer; New Position to Coordinate R&D in U.S., Germany; Expand Market Opportunities.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, Inc. (Company) (Nasdaq:CRDN CRDN Certified Restoration Drycleaning Network ) appointed Dr. Thomas Juengling to the newly created position of Chief Technology Officer. Included in the duties of this position will be the coordination of the research and development efforts in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and at Ceradyne 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' R&D laboratories in Germany. Although Dr. Juengling will coordinate all Ceradyne R&D efforts, the direct reporting organization in Germany will remain unchanged. Juengling spent eight years at ESK Ceramics in a number of technical management positions and holds a Ph.D. in engineering and materials science materials science Study of the properties of solid materials and how those properties are determined by the material's composition and structure, both macroscopic and microscopic. from the University of Karlsruhe. Juengling has relocated from Germany to accept this new position 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 . Joel P. Moskowitz, Ceradyne chief executive officer, commented: "I am extremely pleased that Thomas has accepted the position of Chief Technology Officer. He is an accomplished technology manager and is respected on both sides of the Atlantic. Ceradyne's R&D will be market and product focused with the goal of introducing new and/or improved advanced technical ceramic products in order to allow the Company to meet its strategic objectives of balanced growth in commercial and defense markets on an international scale." Mr. Moskowitz further commented: "I am very proud of the Company's long time R&D efforts here in the U.S. as well as in Germany where the portfolio of patents and depth of ESK's R&D has become increasingly evident since Ceradyne's acquisition of ESK Ceramics in August 2004. Of particular interest and focus will be the areas of non-reacting ceramics for use in the severe environment of molten aluminum and the ability to join ceramic-to-ceramic resulting in extremely complicated structures for use as heat exchangers heat exchanger Any of several devices that transfer heat from a hot to a cold fluid. In many engineering applications, one fluid needs to be heated and another cooled, a requirement economically accomplished by a heat exchanger. in chemical micro reactors and in hydraulic surge valves." 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 news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 supplemental prospectuses, dated December 13, 2005, as filed with the U.S. Securities and Exchange Commission, and the documents included or incorporated by reference therein. |
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