Ceradyne, Inc. Receives $70 Million Ceramic Body Armor Order.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. -- Ceradyne, Inc. (Company) (Nasdaq:CRDN CRDN Certified Restoration Drycleaning Network ) announced the receipt of an order for its lightweight ceramic This article is about ceramic materials. For the fine art, see Ceramic art. The word ceramic is derived from the Greek word κεραμικός (keramikos). 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 in the amount of $70 million from the U.S. Army. This particular contract is for new designs developed to protect the side areas of a soldier's torso torso /tor·so/ (tor´so) trunk (1). tor·so n. pl. tor·sos or tor·si The human body excluding the head and limbs; trunk. when used in conjunction with Ceradyne's ceramic body armor plates. Ceradyne anticipates it will commence shipments this month with order completion late in second-quarter 2006. Joel Moskowitz, Ceradyne chief executive officer, commented: "We are very pleased to receive this 'urgent and compelling' order which, no doubt, will save American lives. We continue to invest in expanding our Lexington, Kentucky Lexington, Kentucky, United States, known as the "Horse Capital of the World," is located in the heart of the Bluegrass region. It is the second-largest city in Kentucky, after Louisville, Kentucky,[1] and the 68th largest in the United States. , ceramic manufacturing facility in order to meet these immediate requirements of the U.S. Army." Moskowitz further commented: "On January 12, 2006, the U. S. Army issued a presolicitation notice regarding a significant proposed 5-year requirement for side plate protection. It is anticipated that the government will issue orders against their 5-year requirement early in 2006, with initial deliveries starting in third-quarter 2006." 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 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 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 supplemental prospectuses, dated December 13, 2005, as filed with the U.S. Securities and Exchange Commission, and the documents included or incorporated by reference therein. |
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