The Company develops, manufactures and markets advanced technical ceramic products, ceramic powders and components for defense, industrial, automotive/diesel and commercial applications.
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CRDN is the industry leader in high tech ceramics with no competition within sight. The new materials they have can do things that add value to the energy industry that 5 years ago were considered economically impractical to pursue. As oil, gas, wind, solar, and nuclear energy becomes more in demand and sources open to the West deminish, Ceradyne will be there to enable others. Ceradyne's technology will be the tiny enabler needed to open great resources and will be able to not only increase revenues, but capture higher margins on that revenue. Expect Ceradyne to quadruple revenues over the next five years and at the same time to double net margins.