CVD Equipment Corporation (Amex: CVV)

RONKONKOMA, N.Y., Nov. 14 --

Order Levels -- We have seen a significant increase in order levels during the second half of year 2002. Based on the new orders received from July 1, 2002 thru November 8, 2002 we expect to have a 100% increase in new orders for the 3rd and 4th quarters as compared to new orders received in the 1st and 2nd quarters. The increase in orders is for our CVD products and for products from our Conceptronic division that was acquired on June 28, 2002.

New Building -- We have completed the renovations on our new 50,000 square foot corporate headquarters and manufacturing facility in Ronkonkoma, New York. The new facility contains expanded CNC production capability that enables us to increase production with significant reductions in direct costs. Concurrent with the start of manufacturing in our new facility, we have started shipping from our contract manufacturer in Malaysia.

During the month of October 2002 our Conceptronic division relocated from their temporary headquarters in Portsmouth, NH to our new facility in Ronkonkoma, NY. During the month of November 2002, our main offices and the CVD Equipment division will be relocated to the new building. Combining divisions under one roof along with initial shipments from our contract manufacturer in Malaysia provides CVD with significant cost reductions.

Stock Purchase Program -- The Board of Directors has authorized an immediate program to purchase CVD common stock on the open market. "In a move to enhance shareholder value, CVD's Board of Directors and management believe the CVD stock purchase program is in the best interest of our shareholders," said Leonard Rosenbaum, CVD's president and CEO. "Given the recent acquisitions of Research International and Conceptronic, this program further demonstrates our confidence in CVD's growth opportunities now and in the future."

Both CVD and some of our officers and directors from time-to-time may be purchasing shares in the open market. The stock purchase program for CVD will be driven by both market and business conditions and will comply with all legal requirements. This program does not obligate CVD, it's officers or directors to purchase a specific quantity or dollar amount of common stock within a specified time period. All or a portion of the shares purchased by CVD will be retired or used for the Company's stock option program.

CVD believes that a bottom to the current market conditions is near or has been reached as evidenced by both increases in order levels and quotation activity.

About CVD -- CVD Equipment Corporation (Amex: CVV), is a leading manufacturer of critical UHVCVD, MOCVD, PECVD, LPE, VPE, RTP Etch, Gas & Chemical Delivery Systems, Belt Furnaces, Rework Stations products and services for the Semiconductor, Telecommunications, Wireless, Optoelectronic, MEMS, Solar Power and Surface Mount Technology markets.

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, info@cvdequipment.com