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CVD Equipment Corporation Prices Public Offering of Common Stock; Switches Listing to NASDAQ Capital Market
CVD Equipment Corporation (AMEX: CVV - News), 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, announced today that it has priced its previously announced public
offering of 1,200,000 shares of common stock at $4.75 per share. The shares are expected to be delivered on September 25,
2007. The Company has granted the underwriter for the offering, Collins Stewart LLC (formerly C.E. Unterberg, Towbin, LLC),
a 30-day option to purchase up to an additional 180,000 shares of the Company's common stock at the public offering price.
The net proceeds from the offering will be approximately $5.3 million, or approximately $6.1million if the underwriters
fully exercise their over-allotment option. CVD Equipment Corporation intends to use the proceeds from the offering for
general corporate purposes, including, but not limited to, possible future product development efforts, acquisitions,
or strategic alliances.
Collins Stewart LLC (formerly C.E. Unterberg, Towbin, LLC), served as the underwriter of the offering. The offering may be made
only by means of a Prospectus, copies of which may be obtained from Collins Stewart LLC, 350 Madison Avenue, New York, N.Y.
10017.
This disclosure does not constitute an offer to sell or the solicitation of an offer to buy any of CVD Equipment Corporation's
securities, nor will there be any sale of these securities by CVD Equipment Corporation in any jurisdiction in which the offer,
solicitation or sale would be unlawful. A written prospectus for the offering may be obtained by contacting the company.
In addition, effective upon the opening of the market on September 20, 2007, the listing of CVD Equipment Corporation's common
stock will be transferred from the American Stock Exchange to the Nasdaq Capital Market. The Company will continue to trade
under the symbol CVV on the Nasdaq Capital Market.
About CVD Equipment Corporation
CVD Equipment Corporation (AMEX: CVV - News) is 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,
industrial coatings and equipment for surface mounting of components onto printed circuit boards.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain
information included in this press release (as well as information included in oral statements or other written statements
made or to be made by CVD Equipment Corporation) contains statements that are forward-looking. All statements other than
statements of historical fact are hereby identified as "forward-looking statements," as that term is defined in the
Private Securities Litigation Reform Act of 1995. Such forward looking information involves a number of known
and unknown risks and uncertainties that could cause actual results to differ materially from those discussed
or anticipated by management. Potential risks and uncertainties include, among other factors, industry specific
and general business conditions, competitive market conditions, success of CVD Equipment Corporation's growth
and sales strategies, the possibility of customer changes in delivery schedules, cancellation of orders, potential
delays in product shipments, delays in obtaining inventory parts from suppliers, failure to satisfy customer
acceptance requirements and other risk factors described in CVD Equipment Corporation's SEC filings. All
forward-looking statements are based on management's estimates, projections and assumptions as of the date
hereof and CVD Equipment Corporation assumes no obligation to update this press release.
For further information Contact: CVD Equipment Corporation, Karen Hamberg,
Phone:631 981-7081, Fax: 631 981-7095 or email: info@cvdequipment.com
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