|
CVD Equipment Corporation Announces $4.9 Million of New Orders
RONKONKOMA,
N.Y., (Business Wire) – July 2, 2008 - (Nasdaq: CVV – News) CVD
Equipment Corporation today announced that new orders for the three month
period ending June 30, 2008 were $4.9 million. This represents an increase of
53% over the same period in 2007.
We
attribute the increase in order levels to the increase in selling effort in our
four primary market segments: (i) semiconductors and electronics; (ii)
university, government and industry research; (iii) industrial applications and
(iv) solar/energy. The proceeds received during the latter half of 2007, as a
result of the sale of our common stock, has allowed us to hire additional
personnel, and enabled our key personnel to focus their efforts on selling into
our targeted market segments.
Based
on our current quotation activity and the continued hiring of additional
personnel, we anticipate the increased sales level will continue in future
quarters.
About CVD Equipment
Corporation;
CVD Equipment Corporation
(NASDAQ: CVV),
a designer and manufacturer of standard and custom state-of-the-art equipment
used in the development, design and manufacture of advanced electronic
components, materials and coatings for research and industrial applications. We
offer a broad range of chemical vapor deposition, gas control, and other
equipment that is used by our customers to research, design and manufacture
Semiconductors, Solar Cells, Carbon Nanotubes, Nanowires, LEDs, MEMS and
Industrial Coatings and focus on enabling tomorrow’s technologies™ by providing
more cost efficient options to commercialize new technologies.
Statements in this press
release may be “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “anticipate,”
“believe,” “estimate,” “expect,” “intend” and similar expressions, as they
relate to the company or its management, identify forward-looking statements.
These statements are based on current expectations, estimates and projections
about the company’s business based, in part, on assumptions made by management.
These statements are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from what is
expressed or forecasted in such forward-looking statements due to numerous
factors, including those described above and those risks discussed from time to
time in CVD Equipment Corporation’s filings with the Securities and Exchange
Commission. In addition, such statements could be affected by risks and
uncertainties related to product demand, market and customer acceptance,
competition, pricing and development difficulties, as well as general industry
and market conditions and growth rates and general economic conditions. Any
forward-looking statements speak only as of the date on which they are made,
and the company does not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this release.
Information on CVD Equipment Corporation’s website does not constitute a part
of this release.
For further information Contact: CVD Equipment Corporation, Karen Hamberg,
Phone: 631 981-7081, Fax: 631 981-7095 or email: info@cvdequipment.com
|