Ceradyne, Inc. Receives $8.8 Million Order for Next-Generation Ceramic Body Armor.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 ) received a sole-source contract from the United States Special Operations Command The United States Special Operations Command (USSOCOM or USSOC) is the Unified Combatant Command charged with overseeing the various Special Operations Commands (SOC or SOCOM) of each branch of the U.S. military. The command is part of the U.S. not to exceed $8.8 million for next-generation 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 components. These new components, developed by Ceradyne's research and development team to meet the Special Operations' unusual and compelling urgency, are scheduled to be shipped in the second and third quarters of 2006. Joel Moskowitz, Ceradyne chief executive officer, stated that this order represents the first of what may be a new series of lightweight ceramic armor components to be used initially by the Special Operations Command A subordinate unified or other joint command established by a joint force commander to plan, coordinate, conduct, and support joint special operations within the joint force commander's assigned operational area. Also called SOC. See also special operations. and that he is proud of the level of effort and results that had been obtained by Ceradyne's in-house ballistic development team. He anticipates that these new components may become standard issue and, if that becomes the case, the next series of orders might be placed on an open and competitive basis. Moskowitz added that Ceradyne will be competing for future orders for this new-generation armor. 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion