COSTA MESA, Calif.--(BUSINESS WIRE)--Jan. 20, 2006--Ceradyne, Inc.
(Company) (Nasdaq:CRDN) announced the receipt of an order for its
lightweight ceramic body armor 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 when used in conjunction
with Ceradyne's ceramic body armor plates. Ceradyne anticipates it
will commence shipments this month with order completion late in
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, 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
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 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.
CONTACT: Ceradyne, Inc.
Joel P. Moskowitz, 714-549-0421 x-8261
Silverman Heller Associates
Dan Matsui/Gene Heller, 310-208-2550
SOURCE: Ceradyne, Inc.