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BOOM DMC Global Inc

14.89
0.15 (1.02%)
17 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
DMC Global Inc NASDAQ:BOOM NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.15 1.02% 14.89 14.53 15.09 15.07 14.75 14.84 231,420 01:00:00

Dynamic Materials Receives $7.5 Million Contract for Work on North American Refinery Project

06/12/2005 1:00pm

PR Newswire (US)


DMC Global (NASDAQ:BOOM)
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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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