Dynamic Materials Corporation Receives Major Order to be Used in Natural Gas Project

Dynamic Materials Corporation (NASDAQ: BOOM) has announced that the Explosive Metalworking business has received two orders that are valued at $14.8 million together. Both orders are for the explosion-welded plates which are to be used on the Gorgon natural gas project. The project is located off Australia’s northwest coast.

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The plates are going to be built at Dynamic Material’s Mt. Braddock, Penn. Production facility. The Company has been pursuing the contracts to these orders over the past few months. This project is one of their largest cumulative orders in company history.

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 oil and gas, petrochemicals, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration and similar industries. The Company operates three business segments: Explosive Metalworking, which uses proprietary explosive processes to fuse different metals and alloys; Oilfield Products, which manufactures, markets and sells specialized explosive components and systems used to perforate oil and gas wells; and AMK Welding, which utilizes various technologies to weld components for use in power-generation turbines, as well as commercial and military jet engines.

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