Dynamic Materials Produces Largest-Ever Explosion-Welded Plates
01 December 2010 - 12:00AM
Marketwired
Dynamic Materials Corporation (DMC) (NASDAQ: BOOM), the world's
leading provider of explosion-welded clad metal plates, today
announced it has shipped an order incorporating the largest clad
plates ever manufactured using explosion welding technology. At 542
inches in length (13.8 meters), 120 inches in width (3 meters) and
2.84 inches in thickness (72 millimeters), the plates each exceed
53,000 pounds (24 metric tons) and have a surface area of more than
450 square feet (42 square meters). The plates will be used in
equipment associated with a North American clean diesel fuel
project. The 0.12-inch-thick (3 millimeters) stainless steel
cladding layer will provide corrosion resistance during the
aggressive diesel production process, while the alloy steel base
metal will offer higher strength and lower cost than would be
available from solid stainless steel.
"To the best of our knowledge these also represent the largest
plates ever produced by any industrial clad plate manufacturing
technology," said Jeff Nicol, DMC's vice president of sales and
marketing. "Our ability to cost effectively produce and ship such
large plates allows our fabricating customers to design their
equipment with greater flexibility and efficiency. Our cladding
teams have been pursuing increasingly demanding production
specifications, and we believe our recent achievements could open
up a range of new project opportunities."
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 oil and gas,
petrochemicals, alternative energy, hydrometallurgy, aluminum
production, shipbuilding, power generation, industrial
refrigeration and similar industries. The Company operates three
business segments: Explosive Metalworking, which uses proprietary
explosive processes to fuse different metals and alloys; Oilfield
Products, which manufactures, markets and sells specialized
explosive components and systems used to perforate oil and gas
wells; 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 websites at http://www.dynamicmaterials.com and http://www.dynaenergetics.de.
Safe Harbor Language Except for the
historical information contained herein, this news release contains
forward-looking statements, including our ability to attract new
project opportunities, all of which involve risks and
uncertainties. These risks and uncertainties include, but are not
limited to, the following: our ability to obtain new contracts at
attractive prices; the size and timing of customer orders and
shipments; our ability to realize sales from our backlog;
fluctuations in customer demand; fluctuations in foreign
currencies, changes to customer orders; the cyclicality of our
business; competitive factors; the timely completion of contracts;
the timing and size of expenditures, the timing and price of metal
and other raw material; 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, 2009.
CONTACT: Pfeiffer High Investor Relations, Inc. Geoff High
303-393-7044
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