http://bigcharts.marketwatch.com/...mb=ZOLT&sid=7263
their stock is up 20% today!
Zoltek Reports First Million Pound Order for Carbon Fibers
THURSDAY, OCTOBER 09, 2003 5:05 PM
- PR Newswire
ST. LOUIS, Oct 9, 2003 /PRNewswire-FirstCall via COMTEX/ -- Zoltek Companies Inc. (ZOLT) has received its first million pound order for its commercial grade carbon fiber tow, along with two other substantial orders totaling an additional 800,000 pounds, from sporting goods makers or suppliers in China and Taiwan. Zoltek expects that these three orders will generate up to $10 million in revenues through the end of calendar year 2004.
"Our contract for a million pounds is the biggest single order that we have received for commercial grade carbon fibers," Zsolt Rumy, Zoltek's Chairman and Chief Executive Officer stated. "In the past few years much of the sporting goods manufacturing has moved off shore to lower labor cost parts of the globe. With these orders we now see a clear opportunity to become a major supplier of carbon fibers to this market."
______________________________________
"Competetive sport begins where healthy sport ends"
their stock is up 20% today!
Zoltek Reports First Million Pound Order for Carbon Fibers
THURSDAY, OCTOBER 09, 2003 5:05 PM - PR Newswire
ST. LOUIS, Oct 9, 2003 /PRNewswire-FirstCall via COMTEX/ -- Zoltek Companies Inc. (ZOLT) has received its first million pound order for its commercial grade carbon fiber tow, along with two other substantial orders totaling an additional 800,000 pounds, from sporting goods makers or suppliers in China and Taiwan. Zoltek expects that these three orders will generate up to $10 million in revenues through the end of calendar year 2004.
"Our contract for a million pounds is the biggest single order that we have received for commercial grade carbon fibers," Zsolt Rumy, Zoltek's Chairman and Chief Executive Officer stated. "In the past few years much of the sporting goods manufacturing has moved off shore to lower labor cost parts of the globe. With these orders we now see a clear opportunity to become a major supplier of carbon fibers to this market."
______________________________________
"Competetive sport begins where healthy sport ends"