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Dynamic Materials Receives Order Valued at More Than $5.3 Million
for Work on Nickel Hydrometallurgy Project in New Caledonia
Order Represents One of the Largest in DMC's History
BOULDER, Colo., March 9 /PRNewswire-FirstCall/ -- Dynamic Materials
Corporation (DMC) (NASDAQ:BOOM), one of the world's leading providers of
explosion-bonded clad metal plates and other advanced metal fabrications, today
announced it has received an order valued at more than $5.3 million for work on
a nickel hydrometallurgy project in New Caledonia.
In an effort to optimize production efficiencies and meet customer delivery
requirements, DMC will utilize manufacturing capacity at its plants in both
Mount Braddock, Pa. and Rivesaltes, France. Shipments are expected to begin
during this year's third quarter and most of the order is expected to ship by
the end of 2005.
"This order is indicative of the elevated activity we are witnessing in a
number of international industries we serve," said Yvon Cariou, president and
CEO. "New Caledonia is believed to hold a substantial portion of the world's
nickel resources, and hydrometallurgy represents an increasingly important part
of the nickel production process. As a key supplier to this industry, we are
pleased to have the exposure this order should generate for DMC and its
specialized products."
About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company. Its products include explosion-bonded clad
metal plates and other metal fabrications for use in petrochemical, chemical
processing, power generation, commercial aircraft, defense and a variety of
other industries. The Company operates two business segments: the Explosive
Metalworking Group, which uses proprietary explosive processes to perform metal
cladding, and AMK Welding, which utilizes various technologies to weld
components for use in jet engines and ground-based turbines. 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, 2003.
DATASOURCE: Dynamic Materials Corporation
CONTACT: Richard A. Santa, Vice President & Chief Financial Officer of
Dynamic Materials Corporation, +1-303-604-3938; or Investors and Financial
Media, Geoff High of Pfeiffer High Investor Relations, Inc., +1-303-393-7044,
for Dynamic Materials Corporation
Web site: http://www.dynamicmaterials.com/