Dynamic Materials

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Company Description DMC is organized into two business segments - the Explosive Metalworking Group and the Aerospace Group. The Explosive Metalworking Group uses explosives to perform metal cladding and shock synthesis of industrial diamonds. The Aerospace Group machines, forms and welds parts for the aircraft, aerospace, defense and power generation industries. The Explosive Metalworking Group's primary product is clad metal which is used in the fabrication of pressure vessels and heat exchangers used in the hydrocarbon processing, chemical processing, power generation, petrochemical, pulp and paper, and mining industries. Also, clad metal transition joints are used in the shipbuilding, aluminum smelting and heat, ventilation and air conditioning industries. The Explosive Metalworking Group includes Nobelclad Europe and its wholly-owned subsidiary Nitro Metall, primary manufacturers of explosion clad products in Europe with manufacturing plants located in France and Sweden, respectively. The Aerospace Group is comprised of two divisions, AMK Welding and Spin Forge. AMK Welding is a leading welding company that utilizes a number of welding technologies to precision-weld exotic materials and complex shapes for manufacturers of jet engines and ground-base turbines. Spin Forge is a fully integrated manufacturing company involved in the precision machining, metal fabrication, welding, non-destructive testing and assembly of aerospace and tactical missile components. Spin Forge's products include motor cases for ground-to-ground and ground-to-air tactical missiles and titanium pressurant vessels for missile systems and launch vehicles. Company History In the late 1960s, Dynamic Materials Corporation (DMC) started an explosion metal forming business that shaped blank sheets of metal alloys into complex three- dimensional parts for aerospace equipment manufacturers. DMC became a publicly traded company in 1976 under the ticker symbol “BOOM” and shortly thereafter licensed technology from E.I. DuPont de Nemours and Company (“DuPont”) to explosively bond, or clad, two or more dissimilar metal plates together. The explosive clad business remains DMC’s core business today and the Company’s world leading position in this business segment has been strengthened by the acquisitions of DuPont’s Detaclad Division in 1996 and Nobelclad Europe in 2001. In 1998, DMC expanded its aerospace industry manufacturing activities by acquiring