diddly...did you look at CEP.V..(1.00) it has moved the last couple of days:
Symbol: CEP Exchange: TSX Venture
CALGARY, March 19 /CNW/ - CERAMIC PROTECTION CORPORATION ("CEP": TSX Venture) of Calgary, Alberta announces that it has received a significant order for ballistic ceramic body armour plates destined for the Australian Defense Forces (ADF).
Dr. Ron Wallace, Chief Executive Officer, commented that this is an additional significant order received by the Corporation for the ADF, having completed a series of major orders destined for the ADF in 1999-2000. This new order for ballistic ceramic plates indicates that the Australian Defense Forces continues to recognize Ceramic Protection Corporation as a leader in the provision of protective products that incorporate advanced technologies for ballistic protection.
He noted that: "This is another order in a recent series of major international contract wins for the Corporation, with a value of approximately CAD $ 600,000. The Corporation was proud to be selected to be the supplier of the ballistic ceramic plates by the ADF prime contractor Hellweg International Pty Ltd."
Ceramic Protection Corporation is a Canadian company, listed on the TSX Venture exchange as "CEP", with its production facilities located in Calgary, Alberta. The Corporation is ISO 9002 certified and manufactures high-quality industrial ceramics for the wear management and ballistic protection industries.
For further information
Dr. Ron Wallace, Chief Executive Officer, Telephone: (403) 250-1007, Mr. Larry Moeller, Chairman, Board of Directors, Telephone: (403) 221-8155
Ceramic Protection Corporation First Quarter Results
Tuesday March 18, 9:00 am ET
CALGARY, March 18 /CNW/ - Ceramic Protection Corporation ("CEP": TSX Venture) of Calgary, Alberta today posted its first quarter results for 2003.
Three Months Ended January 31
(Thousands, except per share figures) 2003 2002
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Revenue $ 3,988 $ 654
Gross Profit 763 92
Net Income (Loss) 344 (273)
Cash Flow (Deficiency) 441 (170)
Net Income (Loss) per Share 0.05 (0.04)
Cash Flow (Deficiency) per Share 0.07 (0.03)
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Sales of wear management products reached $440,000 in the quarter ended January 31, 2003, up slightly from the $414,000 achieved in the same period last year. The Corporation continued to expand product offerings to both current and new customers. Export sales to the U.S. remained strong.
Armour products sales strengthened significantly in the first quarter of 2003, reaching $3,548,000 which represented a 311% increase over the prior quarter and a 1,479% increase over the first quarter of 2002. There has been a continuation of the trend toward strengthening markets for our personnel armour products. New sales of polyethylene personnel body armour accounted for approximately 50% of the expanded international sales. These polyethylene plates were manufactured outside of Canada and imported for sale to U.S. customers. The Corporation continues, at the time of writing, to actively submit bids on several significant personnel armour contracts. The Corporation meanwhile continues its R&D and testing program for personnel and vehicular armour panels for military and police applications.
Revenues for the three months ended January 31, 2003 were $3,988,000 as compared to $654,000 for the same period of the prior year. Gross profit for the period was $763,000 up from $92,000 reported in the same period in 2002. The Corporation's general and administrative, interest and depreciation expenses were $420,000 during the three months ended January 31, 2003 as compared to $365,000 for the same period last year. The increase in costs is primarily due to additional personnel, insurance and marketing costs. Net income was $344,000 as compared to a net loss of $273,000 for the first quarter ended January 31, 2002. The significant increase was a result of much stronger armour sales in the quarter.
Ceramic Protection Corporation of Calgary, Alberta, Canada is an ISO 9002 certified manufacturer, providing products for the industrial wear management and ballistic protection marketplace in both personnel and vehicular armour systems. Since its inception, the Corporation has become a leading manufacturer of products for ballistic protection in the vehicular and personnel armour sectors. The Corporation's wear-resistant materials are used in mining, oil and gas, oil sands and other industrial applications throughout North America.
For further information |
