Ceradyne Inc. Receives $38.6 Million Ceramic Body Armor Orders for U.S. Marines and U.S. Army.COSTA MESA, Calif. -- Ceradyne, Inc. (Company) (Nasdaq:CRDN CRDN Certified Restoration Drycleaning Network ) received two ceramic body armor delivery orders totaling $38.6 million. The U.S. Marine Corps, Quantico, Virginia, placed a delivery order for ESAPI ESAPI Enhanced Small Arms Protective Inserts (bulletproof vests) ESAPI Encryption Services Application Programming Interface ESAPI Enterprise Security Application Programming Interface (Open Web Application Security Project) for $8.4 million, and 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, placed a delivery order for $30.2 million of ESAPI. Both orders are expected to be shipped in the third and fourth quarters of 2006. Dave Reed, Ceradyne president of North American operations, commented: "We are pleased that the Army and Marines continue to issue ESAPI orders to our Company, and we expect additional delivery order releases later this year. We intend to produce these ESAPI orders as well as the ESBI ESBI Enhanced-Side Ballistic Inserts ESBI Enhanced Services Billing, Inc. ESBI Electricity Supply Board International (Ireland) ESBI Educational Subject Block Index (side plates) order announced earlier this month at our Lexington, Kentucky, and Costa Mesa, California Costa Mesa is a suburban middle class city in Orange County, California, United States. The population was 108,724 at the 2000 census. Since its incorporation in 1953, the city has grown from a semi-rural farming community of 16,840 to a suburban city with an economy based on , armor facilities." Ceradyne develops, manufactures and markets advanced technical ceramic products and components for defense, industrial, automotive/diesel, and consumer applications. Additional information about the Company can be found at www.ceradyne.com. 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 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 December 31, 2005, and its Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. |
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