Ceradyne, Inc. Receives $9 Million Armor Orders; Ceramic Armor Systems for Elite Military Personnel.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)--Nov. 26, 2003 Ceradyne, Inc. (Company) (Nasdaq:CRDN CRDN Certified Restoration Drycleaning Network ) received releases from a Government agency totaling approximately $9 million for the Company's 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 systems to protect certain elite U.S. military personnel, as part of 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 announced in March 1998, scheduled to run through 2003 but now extended into 2005. A "release" related to indefinite quantity Government contracts is treated by the Company as an "order" when it receives a firm delivery schedule. Under these orders, the Company expects to begin shipping in December 2003 and complete shipments in 2004. Joel Moskowitz, Ceradyne chief executive officer, commented: "We are pleased to continue supplying ceramic body armor systems to protect these elite U.S. forces, especially under current heightened defense needs. These orders and extended long-term contract are different and separate from the large orders for small arms protective inserts (SAPI (Speech API) A programming interface from Microsoft for speech recognition and synthesis. It provides a way for developers to enable their applications to receive text from and send text to voice devices. 1. ) the Company recently announced." 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, certain matters discussed in this news release constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. The Company may use words such as "anticipates," "believes," "plans," "expects," "intends," "future," and similar expressions to identify forward-looking statements. These risks and uncertainties are described in the Company's prospectus dated July 1, 2003, and in its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2003, as filed with the Securities and Exchange Commission. |
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