Ceradyne, Inc. Receives $41.1 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 ceramic body armor delivery order for $41.1 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 order is for Enhanced Side Ballistic Inserts (ESBI ESBI Enhanced-Side Ballistic Inserts ESBI Enhanced Services Billing, Inc. ESBI Electricity Supply Board International (Ireland) ESBI Educational Subject Block Index ) which will be delivered from June 2008 through September 2008. This new delivery order will be shipped against an indefinite delivery/indefinite quantity (ID/IQ ID/IQ Indefinite Delivery/Indefinite Quantity ID/IQ Indefinite Duration/Indefinite Quantity ) contract announced in July 2006 which covers a five-year delivery period. David P. Reed David P. Reed is an American computer scientist, educated at the Massachusetts Institute of Technology, known for a number of significant contributions to computer networking. , Ceradyne President North American Operations, commented: "We are pleased with this recent side plate delivery order which continues to provide future shipment visibility. Based on non-binding discussions with the Army, we believe there will be further delivery orders in the second quarter." 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, 2007, and its Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. |
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