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BOOM DMC Global Inc

13.75
0.44 (3.31%)
07 Oct 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
  0.44 3.31% 13.75 13.05 14.08 13.77 13.2454 13.34 217,294 23:55:33

Dynamic Materials Receives $8.3 Million Order For Explosion Welded Plates

23/05/2007 12:00pm

PR Newswire (US)


DMC Global (NASDAQ:BOOM)
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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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