BOULDER, CO -- (Marketwire) -- 03/13/09 -- Dynamic Materials Corporation (DMC) (NASDAQ: BOOM), the world's leading provider of explosion-welded clad metal plates,
today reported that the previously disclosed evaluation of goodwill
associated with the Company's Oilfield Products segment has determined that
there was no goodwill impairment during the fiscal year ended December 31,
2008.
Additional information regarding the recent goodwill testing process, as
well as planned future evaluations, is available in the Company's fiscal
2008 annual report on Form 10-K, which was filed today with the Securities
and Exchange Commission.
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. For more information, visit the Company's
websites at http://www.dynamicmaterials.com and
http://www.dynaenergetics.de.
CONTACT:
Pfeiffer High Investor Relations, Inc.
Geoff High
303-393-7044