Download Corporate Profile
|CVD Equipment Corporation: NASDAQ: CVV
1860 Smithtown Avenue Ronkonkoma, NY 11779
Phone: (631) 981-7081, Fax: (631) 981-7095
Date Founded: 1982
Number of Employees: 160
Last updated on: 12/31/2011
Market Capitalization: $72M
Share Price: $12.03 as of December 31st, 2011
Shares Outstanding: 5,958,785
CVD Equipment Corporation (“CVD”) designs, develops and manufactures custom Chemical Vapor Deposition equipment and process solutions used to manufacture solar, nano materials, advanced electronic components and coatings for research and industrial applications. CVD offers a board range of custom chemical vapor deposition, gas control and other equipment, which is used by customers to research, design and manufacture semiconductors, solar cells, graphene, carbon nanotubes, nanowires, LEDs, MEMS, smart glass coatings, batteries, ultra capacitor and water filtration materials, medical and industrial coatings.
Chemical Vapor Deposition technology is used in many Billion Dollar Growth Markets to manufacture high performance materials. CVD applies its 29 years of IP expertise across numerous applications and industries to accelerate the commercializationof novel technologies in multiple emerging clean tech and energy related fields.
CVD sells custom research equipment through its First Nano division, providing a profitable worldwide link to innovators workingon solving tomorrow’s technology problems. As these innovators from university, startup and industrial companies move from researchto production, CVD is there to provide their design and manufacturing needs for custom pilot and production solutions. To furtheradvance this interest CVD also operates an Application Laboratory where novel ideas can be quickly and economically evaluated and pilot system performance established.
CVD focuses on accelerating the commercialization of tomorrow’s technologies™ by helping innovators transition from R&D to production system solutions by providing a cost-efficient road map to a volume scale-up solution. CVD does not have to pick the Winning Companies, the Winners pick us. Every custom research system we sell, opens up the opportunity for future multi-million custom production equipment orders. As a result of being focused on Chemical Vapor Deposition processes and selling our CVD research solutions worldwide we have the diversified capability to solve many of the industrial applications presented to us, thus insuring our future growth.
In 2010/2011 our strategy to focus on “accelerating the commercialization of tomorrow’s technologies™ started to show results at an accelerating rate as multiple research customers in different markets moved from research to pilot/volume production scale-up. In other words we are having record order levels, backlog, income and revenues and a strong quotation level indication for potential future growth opportunities.
Ongoing and expanding research equipment sales continue to increase the potential future base for additional growth customers.
On September 6th, 2011, we announced the contract signing for a new building which, when the transactions are complete, will virtually double the Long Island facilities. On October 19th, 2011, we announced the expansion of our material business.
Anticipated Milestones in Next 6-12 Months
We anticipate that additional research customers may transition to becoming pilot/production customers and that our current production customers may continue to provide a base level of orders. With the additional capital raised during the second quarter 2011, we will be able to further expand our capabilities for these customers and additional new customers.