Dynamic Materials Receives $7.5 Million Contract for Work on North American Refinery Project
December 06 2005 - 8:00AM
PR Newswire (US)
Order Will Involve the Company's Domestic and European Explosion
Welding Facilities BOULDER, Colo., Dec. 6 /PRNewswire-FirstCall/ --
Dynamic Materials Corporation (DMC) (NASDAQ:BOOM), the world's
leading provider of explosion-welded clad metal plates and
associated services, today announced it has received a $7.5 million
contract calling for the production and delivery of clad metal
plates for use in a North American refinery project. DMC will
utilize its domestic and European clad metal production facilities
to fill the order, which is scheduled for delivery during the first
two quarters of 2006. Yvon Cariou, president and CEO of DMC, said,
"The domestic refining industry is investing heavily in capacity
expansion and modernization programs. Because oil and gas refining
is an intense and highly corrosive process, many components
incorporate corrosion-resistant clad metals. As the global leader
in explosive metal cladding, DMC is well positioned to benefit from
this increased level of investment activity." About Dynamic
Materials Corporation Based in Boulder, Colorado, Dynamic Materials
Corporation is a leading international metalworking company. Its
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. The company operates two business segments: the
Explosive Metalworking Group, which uses proprietary explosive
processes to fuse dissimilar 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. 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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