Ceradyne, Inc. Receives $4.2 Million Ceramic Body Armor Order; Deliveries Scheduled for Early 2005.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 ) announced the receipt of a $4.2 million delivery order for its lightweight ceramic body armor. This order was awarded to Ceradyne by the Defense Supply Center in Philadelphia (DSCP DSCP Defense Supply Center Philadelphia (US DoD) DSCP Differentiated Services Code Point DSCP Diffserv Code Points DSCP Defense Satellite Communications Program DSCP Decision Support and Custormer Platform (Sprint) ) under an Indefinite Delivery/Indefinite Quantity (ID/IQ ID/IQ Indefinite Delivery/Indefinite Quantity ID/IQ Indefinite Duration/Indefinite Quantity ) contract that the Company announced in September 2003. Joel Moskowitz, Ceradyne chief executive officer, commented: "We expect to continue receiving additional delivery orders against this ID/IQ contract. Under an ID/IQ government type contract, the government is obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to purchase only certain minimum quantities. Ceradyne only records as an order, delivery orders which have specific delivery schedules. Therefore, our projections of follow-on business from ID/IQ contracts anticipate receipt of additional releases or delivery orders." Moskowitz further added: "Ceradyne is proud to have been awarded this contract and is confident that the Ceradyne armor systems that will be fielded in large quantities will continue to save American lives." 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 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. Other 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, 2003, and its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2004, as filed with the Securities and Exchange Commission. |
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