CVD Equipment Corporation Announces Facility Expansion

RONKONKOMA, N.Y., March 13 /-- On March 7, 2002, CVD Equipment Corporation (CVD) (Amex: CVV) closed on a contract to purchase a 50,000 square foot facility on approximately 4 acres of land in Ronkonkoma, NY. The 50,000 square foot facility is intended to replace its current 20,000 square foot leased facility in Ronkonkoma, NY. CVD expects to complete building renovations in the coming months and relocate to the new facility by July 2002. CVD's Research International division has already occupied the facility and commenced operations. CVD elected to purchase the facility at this time due to the Company's need for additional space coupled with the firm's ability to take advantage of low cost financing and reduced real estate prices, which have made purchasing the facility attractive. The financing vehicle for the purchase was an Industrial Development Agency Bond issued thru the Town Of Islip. The bond issue provides incentives to CVD in the way of reduced taxes, lower interest rates, utility rebates, and other financial inducements.

This public announcement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or anticipated results. Investors and potential investors should review carefully the description of the risks and uncertainties which, together with other detailed information about CVD Equipment Corporation (CVD), is contained in the periodic reports that CVD files from time to time with Securities and Exchange Commission. The risks and uncertainties include, but are not limited to: the ability to successfully integrate acquired assets into CVD Equipment Corporation; CVD's dependence upon the ability to attract and retain qualified personnel; competition and technological changes; the company's dependence upon proprietary technology and the potential need for additional financing.

CONTACT: Karen Hamberg of CVD Equipment Corporation, +1-631-981-7081,
fax, +1-631-981-7095 or info@cvdequipment.com