Ceradyne, Inc. Receives $3.3 Million Order for Ceramic Body Armor.Business Editors 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.--(BUSINESS WIRE)--Jan. 24, 2002 Ceradyne, Inc. (Company) (Nasdaq: CRDN CRDN Certified Restoration Drycleaning Network ) today announced it has received a $3.3 million order for its ceramic body armor Noun 1. body armor - armor that protects the wearer's whole body body armour, cataphract, coat of mail, suit of armor, suit of armour armet - a medieval helmet with a visor and a neck guard ballistic plates. The order was issued by a Government agency in order to protect certain "elite" military personnel. The order is scheduled for delivery from April through August 2002, and is one of a number of orders, or releases, Ceradyne has received resulting from an indefinite quantity Noun 1. indefinite quantity - an estimated quantity quantity, measure, amount - how much there is or how many there are of something that you can quantify contract originally announced in March 1998. With indefinite quantity Government contracts, the Company records as an order only those releases indicating a firm delivery date. Joel Moskowitz, Ceradyne chief executive officer, commented: "We are pleased with this continuing flow of orders for ceramic body armor because it recognizes our reputation for a quality product and track record for timely delivery over the past three years. We believe this particular armor system represents the state-of-the-art in armor to protect our military against significant battlefield threats. In this time of National awareness of America's enemies and heightened defense needs, Ceradyne is proud to do its part." Ceradyne develops, manufactures and markets advanced technical ceramics for industrial, electronic, defense and consumer applications. Additional information about the Company can be found at www.ceradyne.com. This press 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. 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, 2000, as filed with the Securities and Exchange Commission. |
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