Ceradyne, Inc. Receives $13.3 Million Ceramic Body Armor Orders for U.S. Army.COSTA MESA, Calif. -- Ceradyne, Inc. (Company) (Nasdaq:CRDN CRDN Certified Restoration Drycleaning Network ) received two ceramic body armor delivery orders totaling $13.3 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 $9.9 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 $3.4 million of ESBI ESBI Enhanced-Side Ballistic Inserts ESBI Enhanced Services Billing, Inc. ESBI Electricity Supply Board International (Ireland) ESBI Educational Subject Block Index (side plates) to be shipped in fourth-quarter 2006. 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 of North American operations, commented: "We are pleased that the Army continues to issue ESAPI and ESBI orders to our Company. Our expanded capacity 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 , and Lexington, Kentucky, will allow us to meet the Army's quality and delivery requirements. We continue to expect additional orders, including an order later this year for delivery during the balance of 2006 and early 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. 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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