CVD Equipment Corporation Releases 3rd Quarter 2001 Results

RONKONKOMA, N.Y., Nov. 26 -- CVD Equipment Corporation (Amex: CVV), Ronkonkoma, New York Releases 3rd Quarter 2001 Results:

Nine (9) Months Ending 9/30/01 9/30/00
Revenues Increased to $9,476,628 from $6,366,550
Earnings Increased to $.33 from $.17

Three (3) Months Ending 9/30/01 9/30/00
Revenues Decreased to $2,268,701 from $2,458,024
Earnings Decreased to $.07 from $.10

Revenues -- for the nine months ending 9/30/01 are 49% higher as compared to nine months of 2000. Revenues for three months ending 9/30/01 are 8% lower as compared to 3rd quarter 2000.

Earnings -- for the nine months ending 9/30/01 are 94% higher as compared to nine months of 2000. Earnings for three months ending 9/30/01 were a 30% decrease from 3rd quarter 2000.

Backlog -- at the end of 3rd quarter 2001 was $1,457,000, a 70.2% decrease from 3rd quarter 2000 backlog of $4,896,000. Several orders that CVD expected during the 3rd quarter are being pushed out to the 4th quarter and in some cases to the 1st quarter 2002.

Marketing -- CVD's marketing continues to focus on growing the business. Expanded customer base, improved and increased market share, remain our focus. Exploring new market segment opportunities, potential acquisitions and expanding our overall product offerings is a fundamental objective.

Capital Resources -- CVD's cash position continues to remain strong providing the ability to explore future expansion and growth opportunities.

Current News Events

* CVD has entered into a contract to lease and subsequently purchase a 50,000 square foot facility in Ronkonkoma, NY. This facility will replace our existing 20,000 square foot facility.

* CVD has acquired substantially all of the tangible and intangible assets of Research Incorporated's Research International division. The division has been relocated to the new facility in Ronkonkoma, NY and will continue to operate under the Research International name.

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, 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