CVD Equipment Corporation Selected by CNT Technologies to Supply a Carbon Nanotube System for Use by Los Alamos National Laboratory
RONKONKOMA, N.Y., Aug. 28 /PRNewswire-FirstCall/ -- CVD Equipment Corporation (CVD) (Amex: CVV) has been selected by CNT Technologies (CNT) to supply an EasyTube 3000 Carbon Nanotube System for use by Los Alamos National Laboratory (LANL) to further develop the commercialization of carbon nanotube fibers. Recent articles discussing the CNT and LANL relationship are available at http://www.lanl.gov/news/index.php?fuseaction=home.story&story_id=8855 and http://www.freenewmexican.com/news/48187.html. The ultra strong, lightweight carbon-nanotube fibers are stronger than steel and lighter in weight. Applications abound for the use of these fibers in aircraft, automobiles, defense, and numerous other applications.
CVD started shipping the EasyTube & EasyWire 2000 and 3000 series early this year and it has been well received by research scientists at numerous Universities, Government and Industrial Research Laboratories throughout the world. The EasyTube system is used for the growth of single and multiwall aligned Carbon Nanotubes while the EasyWire system is used for the growth of Nanowires used in electronic applications.
Len Rosenbaum, CEO and President of CVD Equipment Corporation comments "We are very excited with the acceptance we have received by our customers for the EasyTube and EasyWire 2000 and 3000 series equipment. The systems are being used to develop and strengthen the processes needed for future production applications. These process developments should enable introduction in the first half of 2007 our EasyTube 12000 production Carbon Nanotube platform."
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.