Ceradyne, Inc. recently announced unaudited preliminary results for the fourth quarter and year ended December 31, 2004. Fourth quarter sales of approximately $82 million were a record, representing a 148% increase from $33 million in the fourth quarter of 2003. New orders exceeded $145 million, also a quarterly record, rising more than 109% from $69.5 million in the fourth quarter of 2003. For the year ended December 31, 2004, sales reached a record of approximately $214 million, 111% higher than the $101.5 million for 2003. Total new orders for the year also hit a record of approximately $276 million, a 63% increase from $170 million in 2003. Backlog at the end of 2004 was a record of approximately $200 million, an increase of 92% over year-end 2003 backlog of $104 million. Final results, including earnings, for the fourth quarter and year ended December 31, 2004, are expected to be released February 24, 2005.