Ceradyne Inc. Expects Fourth Quarter Bookings to Exceed $15 Million, a Record for Company.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)--Dec. 21, 2000 Ceradyne Inc. (company) (Nasdaq:CRDN CRDN Certified Restoration Drycleaning Network ) today said its fourth quarter bookings are expected to exceed $15 million, a record for the company, after being notified by a U.S. government agency that it would be receiving a "delivery order" for $6.7 million of military armor. The company also announced it received approximately $1 million in orders from a U.S.-friendly foreign government for lightweight ceramic armor. Both orders are for delivery in 2001. The $6.7 million order is an additional release against 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 six-year award originally announced in 1998. Deliveries will begin late in the first quarter of 2001 and are expected to be completed during 2001. The above armor orders do not include any new large armor programs for which the company has submitted proposals to the U.S. government. The results of these proposals are expected early in 2001. David Reed David Reed or Dave Reed may refer to:
"Furthermore," Reed continued, "it is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to see years of ceramic armor development result in substantial new business." Ceradyne develops, manufactures and markets advanced technical ceramics for industrial, electronic, defense and consumer applications. Additional information about the company can be found at www.ceradyne.com. This press 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 involves risks and uncertainties that could cause actual results to differ materially. These 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 Dec. 31, 1999, as filed with the Securities and Exchange Commission. |
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