Dynamic Materials' AMK Welding Division Enters Into Five-Year Supply Agreement
06 December 2005 - 12:01AM
PR Newswire (US)
BOULDER, Colo., Dec. 5 /PRNewswire-FirstCall/ -- Dynamic Materials
Corporation (DMC) (NASDAQ:BOOM), the world's leading provider of
explosion-welded clad metal plates and associated services, today
announced that its AMK Welding division has entered into a
five-year supply agreement with a major customer. According to the
agreement, AMK will perform a range of welding, heat treatment and
non-destructive testing services on ground-based power turbine
components. Annual production volumes associated with the agreement
will be subject to receipt of firm orders by our customer. Yvon
Cariou, president and CEO of DMC, said AMK will soon commence work
on a significant expansion of its facility in South Windsor, Conn.
in anticipation of production requirements related to the supply
agreement. In addition to its work on ground-based turbines, AMK
performs precision welding services on new military and commercial
jet engine components. About Dynamic Materials Corporation Based in
Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company. In addition to AMK Welding, DMC
operates the Explosive Metalworking Group, which uses proprietary
explosive processes to fuse dissimilar metals and alloys. The
Group's products include explosion-welded clad metal plates and
other metal fabrications for use in a variety of industries,
including petrochemicals, refining, hydrometallurgy, aluminum
smelting and shipbuilding. With more than 30 years of international
experience, DMC has captured a commanding share of the worldwide
market for explosion-welded clad metals. 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, 2004. DATASOURCE: Dynamic Materials Corporation
CONTACT: 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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