CVD Equipment Names Karlheinz Strobl Vice President of Business Development Technology Industry Veteran to Lead Company’s Growth Initiatives
RONKONKOMA, N.Y., Oct. 22 /PRNewswire-FirstCall/ -- 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, announced today that it has appointed Dr. Karlheinz Strobl as Vice President of Business Development. Strobl's responsibilities in this newly-created position will include new product, process and market development and identifying and optimizing the strategic opportunities between CVD and the emerging nano, solar and clean energy markets, as well as other new technology-driven markets.
Prior to joining CVD, Dr. Strobl worked in a variety of startup, turnaround and corporate environments, in industries such as optics, medical, electroforming and thin film coatings. Most recently, Strobl was the president of eele Laboratories, a projection display technology company he founded in 1997. Strobl also held the positions of Post-Doctoral researcher at Los Alamos National Laboratory in New Mexico and Research Scientist at both the University of Iowa and the University of Rome, Italy.
Dr. Strobl holds an MBA from Boston University, an M.S. in theoretical Physics from the University of Innsbruck, Austria, an M.S. from the University of Padua, Italy, and a Ph.D. in experimental Physics from the University of Innsbruck, Austria for research work at the Max Plank Institute in Garching, Germany. He holds 14 patents and has contributed to 43 publications and conference presentations in various disciplines. He has won multiple industry awards, including a Photonics Circle of Excellence Award for a medical product, an Industry R&D 100 Award for a non-invasive cancer detection system, and many funding grants including a Phase I and Phase II United States Display Consortium grant for a custom electrochemical and thin film base technology required to commercialize a novel projection display light source.
Leonard Rosenbaum, president of CVD Equipment Corporation said "We are very pleased to have Karlheinz join CVD. He has a proven track record of finding and executing on novel business solutions and taking new technologies from concept through production, ultimately bringing them to market. He has contributed to many different markets, ranging from business and consumer to medical and optical products. He is an important addition to our management team and will help us to implement our vision of "enabling tomorrow's technology."
Karlheinz Strobl added, "I am excited to join CVD and contribute to the new direction of the company as CVD expands into new emerging technologies. I fully believe that for nano, solar, sensor and clean energy startups to reach their full market potential they need to reach their markets as quickly possible, with minimal risk. By leveraging the technology of CVD and its partners with their proven interdisciplinary manufacturing tools, process engineering and scaling expertise, we can accelerate the transition from concept to production scale up for a wide variety of processes. By working together with our customers, we can help make the technologies of tomorrow become a reality faster creating a win-win situation for all involved parties."
About CVD Equipment Corporation
CVD Equipment Corporation (Nasdaq: CVV) 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.
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