Dynamic Materials Receives $8.3 Million Order For Explosion Welded Plates
23 May 2007 - 9:00PM
PR Newswire (US)
Order Expected to Ship in 2007 Fourth Quarter BOULDER, Colo., May
23 /PRNewswire-FirstCall/ -- Dynamic Materials Corporation (DMC)
(NASDAQ:BOOM), the world's leading provider of explosion-welded
clad metal plates, today announced that its Explosive Metalworking
business has received an order valued at approximately $8.3 million
from a U.S.-based customer. The order is for explosion-welded
plates that will be utilized in specialized equipment for the
alternative energy sector. The plates, which will be produced by
DMC's Mt. Braddock, Penn. facility, are expected to ship in this
year's fourth quarter. Yvon Cariou, president and CEO, said, "The
opportunities in the energy sector clearly extend beyond the
conventional oil and gas industry. We believe the traditional and
alternative energy markets both present significant long-term
prospects for DMC." About Dynamic Materials Corporation Based in
Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company. Its products, which are
typically used in industrial capital projects, include
explosion-welded clad metal plates and other metal fabrications for
use in a variety of industries, including upstream oil and gas, oil
refinery, petrochemicals, hydrometallurgy, aluminum production,
shipbuilding, power generation, industrial refrigeration and
similar industries. The company operates two business segments:
Explosive Metalworking, which uses proprietary explosive processes
to fuse different metals and alloys, and AMK Welding, which
utilizes various technologies to weld components for use in
power-generation turbines, as well as commercial and military jet
engines. 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: our ability to obtain
new contracts at attractive prices; the size and timing of customer
orders and shipment; fluctuations in customer demand; changes to
customer orders; 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 our facilities; current or future limits on
manufacturing capacity at our various operations; the availability
and cost of funds; and general economic conditions, both domestic
and foreign, impacting our business and the business of the
end-market users we serve; 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, 2006. 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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