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BOOM DMC Global Inc

14.08
0.04 (0.28%)
27 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
  0.04 0.28% 14.08 13.74 14.42 14.36 13.95 14.20 142,541 01:00:00

Dynamic Materials Receives $8.7 Million in Contracts for Work on Nickel Hydrometallurgy Project in Madagascar

12/09/2006 2:00pm

PR Newswire (US)


DMC Global (NASDAQ:BOOM)
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Orders Placed by Fabricators in China and Europe BOULDER, Colo., Sept. 12 /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 two contracts collectively valued at $8.7 million. The contracts call for the production of explosion-welded plates to be used in a major nickel hydrometallurgy project in Madagascar. The orders were placed by Chinese and European fabricators working on the project. DMC's explosive welding businesses in France, Sweden and the United States will each participate in the production process, which will involve cladding plates of titanium and carbon steel. Both orders are expected to ship during the first half of fiscal 2007. Yvon Cariou, president and CEO, said, "The fact that two independent fabricators have selected DMC to participate in this very large nickel processing project reflects the important role our products play in the hydrometallurgy industry. Significant investments are being made to expand worldwide nickel processing capacity, which we view as an encouraging sign 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, 2005. 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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