Ceradyne, Inc. Receives $113 Million Ceramic Body Armor Order for U.S. Army.COSTA MESA, Calif. -- Ceradyne, Inc. (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 ) received a $113 million delivery order for ESAPI ESAPI Enhanced Small Arms Protective Inserts (bulletproof vests) ESAPI Encryption Services Application Programming Interface ESAPI Enterprise Security Application Programming Interface (Open Web Application Security Project) (Enhanced Small Arms Protective Inserts) from the U.S. Army, Aberdeen Proving Ground Aberdeen Proving Ground (APG) is a United States Army facility located near Aberdeen, Maryland (in Harford County). The Army's oldest active proving ground, it was established on October 20, 1917, six months after the United States entered World War I. , Maryland. This new delivery order is scheduled to be shipped beginning April 2007 through early September 2007. This delivery order will be shipped against a larger indefinite delivery/indefinite quantity (ID/IQ ID/IQ Indefinite Delivery/Indefinite Quantity ID/IQ Indefinite Duration/Indefinite Quantity ) contract announced earlier. The Company records as firm orders only delivery orders, such as the above, that have firm scheduled delivery dates. Dave Reed, Ceradyne President North American Operations, commented: "This delivery order is the largest single ESAPI order ever received by Ceradyne. It represents an increase in the shipping rates of approximately 17% to the U.S. Army compared to 2006. Utilizing the Lexington, Kentucky facility and the Costa Mesa and Irvine, California plants, we expect to meet the Army's quality and delivery requirements. We believe that the increase in delivery rates is due to our prior quality and delivery performance. We are committing the Company's development and production resources in order to fulfill the Army's immediate and longer term requirements." 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 December 31, 2005, 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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