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BOOM DMC Global Inc

14.89
0.15 (1.02%)
After Hours
Last Updated: 00:19:18
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 14.55 15.07 15.07 14.75 14.84 231,420 00:19:18

Dynamic Materials Receives Order Valued at More Than $5.3 Million for Work on Nickel Hydrometallurgy Project in New Caledonia

09/03/2005 1:01pm

PR Newswire (US)


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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/

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