Dynamic Materials Receives Order Valued at More Than $5.3 Million for Work on Nickel Hydrometallurgy Project in New Caledonia
09 Marzo 2005 - 2:01PM
PR Newswire (US)
Dynamic Materials Receives Order Valued at More Than $5.3 Million
for Work on Nickel Hydrometallurgy Project in New Caledonia Order
Represents One of the Largest in DMC's History BOULDER, Colo.,
March 9 /PRNewswire-FirstCall/ -- Dynamic Materials Corporation
(DMC) (NASDAQ:BOOM), one of the world's leading providers of
explosion-bonded clad metal plates and other advanced metal
fabrications, today announced it has received an order valued at
more than $5.3 million for work on a nickel hydrometallurgy project
in New Caledonia. In an effort to optimize production efficiencies
and meet customer delivery requirements, DMC will utilize
manufacturing capacity at its plants in both Mount Braddock, Pa.
and Rivesaltes, France. Shipments are expected to begin during this
year's third quarter and most of the order is expected to ship by
the end of 2005. "This order is indicative of the elevated activity
we are witnessing in a number of international industries we
serve," said Yvon Cariou, president and CEO. "New Caledonia is
believed to hold a substantial portion of the world's nickel
resources, and hydrometallurgy represents an increasingly important
part of the nickel production process. As a key supplier to this
industry, we are pleased to have the exposure this order should
generate for DMC and its specialized products." About Dynamic
Materials Corporation Based in Boulder, Colorado, Dynamic Materials
Corporation is a leading international metalworking company. Its
products include explosion-bonded clad metal plates and other metal
fabrications for use in petrochemical, chemical processing, power
generation, commercial aircraft, defense and a variety of other
industries. The Company operates two business segments: the
Explosive Metalworking Group, which uses proprietary explosive
processes to perform metal cladding, and AMK Welding, which
utilizes various technologies to weld components for use in jet
engines and ground-based turbines. For more information, visit the
Company's website at http://www.dynamicmaterials.com/. Except for
the historical information contained herein, this news release
contains forward-looking statements that involve risks and
uncertainties including, but not limited to, the following: the
ability to obtain new contracts at attractive prices; the size and
timing of customer orders; fluctuations in customer demand;
competitive factors; the timely completion of contracts; the timing
and size of expenditures; the timely receipt of government
approvals and permits; the adequacy of local labor supplies at the
Company's facilities; the availability and cost of funds; and
general economic conditions, both domestically and abroad; as well
as the other risks detailed from time to time in the Company's SEC
reports, including the report on Form 10-K for the year ended
December 31, 2003. DATASOURCE: Dynamic Materials Corporation
CONTACT: Richard A. Santa, Vice President & Chief Financial
Officer of Dynamic Materials Corporation, +1-303-604-3938; or
Investors and Financial Media, Geoff High of Pfeiffer High Investor
Relations, Inc., +1-303-393-7044, for Dynamic Materials Corporation
Web site: http://www.dynamicmaterials.com/
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