CVD Equipment Corporation, Completes Building Acquisition to Expand FirstNano® Laboratory and Furthers the Ongoing Business Relationship With Airgas, Inc.
RONKONKOMA, N.Y., March 11 /PRNewswire-FirstCall/ -- CVD Equipment Corporation (Nasdaq: CVV) completed the acquisition of a new 13,000 square foot building to facilitate the scale up and commercialization of new products for the Nano, Solar, Energy and Semiconductor fields.
"We have completed the acquisition of the new facility where we will be relocating and expanding our First Nano laboratory" stated Leonard Rosenbaum, President of CVD. "The expansion and relocation will allow us to expand our installed equipment options to serve more customers, as well as to install and operate a range of pilot production equipment to accelerate the commercialization of novel nano and solar technologies. We see an increased need for commercialization help in the Nano, Solar, Energy and Semiconductor fields from University/Research, Startup and Established Companies. The relocation of our FirstNano® laboratory into larger quarters enables us to perform on multiple projects and to expand the capabilities of our current in- house process and equipment research."
"As part of this expansion, we have also expanded our growing marketing and OEM supply relationship with Airgas Specialty Gases, a division of Airgas, Inc. (NYSE: ARG). We welcome the technical support and commitment of Airgas to help FirstNano® and our customers reach the commercialization stage faster. This is in line with our mission of enabling tomorrow's technologies™, today."
"Early involvement in the pilot production stage of a new commercialization effort helps to identify cost-saving opportunities and lower the risk to commercialization," stated Todd Morris, Business Manager for analytical markets and specialty gas equipment for Airgas, Inc. "We will help ensure that key gas supply sources and custom-developed process equipment are qualified and optimized together. The collaboration with FirstNano is a further expansion of the successful ongoing marketing and OEM supplier- distributor relationship between Stainless Design Concepts, another division of CVD, and Airgas. The combined SDC/Airgas experience in designing and installing custom-engineered specialty gas distribution systems will be used to support emerging technology market segments."
About FirstNano®, Stainless Design Concepts, and CVD Equipment Corporation (CVD)
First Nano and Stainless Design Concepts are both divisions of CVD Equipment Corporation (Nasdaq: CVV), FirstNano® manufactures the Easy Tube equipment product line used by many researchers around the world for developing and growing a wide variety of next generation Nanowire, Nanotube and Thin Film Materials. Stainless Design Concepts manufactures Ultra High Purity (UHP) gas and chemical delivery systems for state-of-the-art semiconductor fabrication processes. It offers complete gas and chemical delivery product lines ranging from cutting-edge to budget basic. CVD 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. CVD offers a broad range of chemical vapor deposition, gas control, quartzware and other equipment that is used by its 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.
About Airgas, Inc. and Airgas Specialty Gases
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is the largest U.S. distributor of industrial, medical, and specialty gases, and related supplies. More than 14,000 employees work in over 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also distributes its products and services through eBusiness, catalog and telesales channels. Its national scale and strong local presence offer a competitive edge to its diversified customer base. For more information, please visit www.airgas.com.
The Airgas Specialty Gases infrastructure includes more than 65 national and regional specialty gas facilities that package pure gases and mixtures. More than two-thirds of the laboratories have been certified to the ISO 9001:2000 standard for quality management systems. Three facilities are accredited for the ISO 17025 standard for analytical laboratories. Airgas also assembles specialty gas equipment at its Engineering Solutions Centers and staffs a research and development center that designs unique solutions, such as 22 AcuGrav(TM) computerized gas-mixing stations that automate the production of specialty gas mixtures, including calibration gases and EPA protocol gases.
This press release contains forward-looking statements set within the meaning of the Private Securities Litigation Reform Act of 1995, except for historical information contained herein; the matters set forth in this news release are forward-looking statements. Readers should note that the forward- looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including, without limitation, the uncertainties discussed under the caption "Risk Factors" in the Company's Registration Statement on Form S-1 filed with the SEC on July 3, 2007, as subsequently amended, which discussion is incorporated herein by reference. Readers should also read the periodic filings and current Form 8-K reports of the Company.
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CVD Equipment Corporation
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