Ceradyne, Inc. Receives $122.2 Million Ceramic Body Orders for U.S. Army.COSTA MESA, Calif. -- Ceradyne, Inc. (Company) (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 two ceramic body armor delivery orders totaling $122.2 million 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. The orders are for $57.3 million of 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) and $64.9 million of ESBI (side plates) to be shipped from December 2006 through March 2007. These new delivery orders will be shipped against larger indefinite delivery/indefinite quantity (ID/IQ ID/IQ Indefinite Delivery/Indefinite Quantity ID/IQ Indefinite Duration/Indefinite Quantity ) contracts announced earlier. Dave Reed, Ceradyne President North American Operations, commented: "This delivery order may be the largest single order ever received by Ceradyne. We are pleased that the Army continues to issue large ESAPI and ESBI orders to our Company. Utilizing both the Lexington, Kentucky facility and our 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 plant, we expect to meet the Army's quality and delivery requirements. We anticipate receiving additional orders late this year or in early 2007 for delivery in 2007." 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 for the fiscal year ended December 31, 2005, and its Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. |
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