FOR IMMEDIATE RELEASE CONTACT: RICHARD A. SANTA MARK W. JARMAN CHIEF FINANCIAL OFFICER VP OF CORPORATE DEVELOPMENT DYNAMIC MATERIALS CORPORATION DYNAMIC MATERIALS CORPORATION 303-604-3938 303-604-3923 AMETEK, INC. AND DYNAMIC MATERIALS IN DISPUTE OVER PURCHASE AGREEMENT (Lafayette, CO - September 14, 1999) Dynamic Materials Corporation, (Nasdaq: BOOM), `DMC', today announced that AMETEK, Inc. and DMC are in dispute over the terms of the Asset Purchase Agreement (the Purchase Agreement) signed by both companies on June 22, 1999. The Purchase Agreement covers the sale to AMETEK, for $17 million, of certain assets of DMC's Clad Metal Bonding Division. "Based on recent communications from AMETEK, AMETEK has threatened to terminate the Purchase Agreement," said DMC's president and CEO, Joseph P. Allwein. "AMETEK has further indicated that it may be willing to negotiate a substantial reduction in purchase price and, while we do not agree with AMETEK's position, we are attempting to discuss a resolution." Allwein continued, "The Company will take all necessary actions to protect the interests of the Company and its stockholders." # # #