SOURCE: Dynamic Materials Corp.

Dynamic Materials Corp.

July 15, 2010 08:00 ET

Dr. James Ferris Appointed to Dynamic Materials Corporation's Board of Directors

BOULDER, CO--(Marketwire - July 15, 2010) -  Dynamic Materials Corporation (DMC) (NASDAQ: BOOM), the world's leading provider of explosion-welded clad metal plates, today announced that its board of directors has appointed Dr. James J. Ferris as an independent director. The appointment expands the DMC board to seven members, five of whom are independent.

Dr. Ferris joins the DMC board with more than three decades of diverse, senior and executive level experience in the worldwide engineering and construction (E&C) industry. From 1994 until his retirement in 2007, he held a variety of positions, including director and president/group chief executive officer, with CH2M Hill Companies Ltd., an employee owned, global E&C company based in Englewood, Colo. With more than $6 billion in annual revenue, CH2M Hill manages major E&C projects in the energy, environmental, infrastructure, facilities and governmental sectors.

Previously, Dr. Ferris spent 18 years with the E&C firm Ebasco Services Incorporated, where he was a director and held various project oversight and senior and executive management positions, including president & chief executive officer of Ebasco Environmental. He has been a member of the G8 Renewable Energy Task Force, an active attendee at The World Economic Forum in Davos, Switzerland, and a member of the Prince of Wales Business Leaders Forum. He has extensive corporate board experience, including his roles on audit, compensation, nominating and governance committees.

Dean Allen, DMC's chairman, said, "Jim represents a valuable addition to DMC's board, and we look forward to his insights and expertise as we pursue our global growth initiatives. His knowledge of the international E&C, energy and industrial sectors will be of particular importance, as these represent critical target markets and significant growth opportunities for the Company."

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 oilfield perforating equipment and explosives; 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 Information

  • CONTACT:
    Pfeiffer High Investor Relations, Inc.
    Geoff High
    303-393-7044