CVD Equipment Corporation receives $3.4M order for Solar Production Tools
RONKONKOMA, N.Y., (Business Wire) – October 11, 2010 - CVD Equipment Corporation (Nasdaq: CVV) announced today that it has received an initial order for $3.4 million from a Solar panel manufacturer to provide deposition production tools for their Solar factory. CVD continues to benefit from the increased demand for products that generate or save energy and we anticipate that this trend will continue to create demand for our products and services for many years to come.
CVD’s endeavors into Graphene materials and equipment was also given a boost this past week when two physicists working at the University of Manchester were awarded the Nobel Prize in Physics for the discovery and isolation of Graphene. Graphene, a one-atom thick material, is not only the thinnest material in the world, it may also be the strongest substance ever discovered (stronger than steel). Graphene has the potential to transform electronics by allowing for faster computers and folding touch screens, lighter and stronger aircraft and cars and a host of other applications.
The large demand for energy savings, energy generation materials and products needed to address rising energy and environmental costs creates a growing demand for manufacturing solutions using nanotechnology and thin film coatings on glass, wafers and other substrates or materials. Using our Application Laboratory, we continue to perfect and expand the multiple areas where our process solutions can be applied. The solar, energy and nanotechnology markets offer significant growth opportunities for our technologies because they deliver favorable performance and cost benefits. These fields will benefit further from a renewed drive for energy savings and ecologically safe energy generation.
It is gratifying to see that our strategy of accelerating the commercialization of tomorrow’s technologies continues to be recognized by technology innovators with the financial acumen and resources to transition their research and development into production. When we collaborate with technology innovators, our equipment design and manufacturing skills along with our understanding of complex system integration and hardware/process interactions enable a lower risk, higher value equipment and process solution - a winning situation for all 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. CVD offers a broad range of chemical vapor deposition, gas control, and other equipment that is used by 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 by CVD Equipment Corporation (CVD), as well as information included in oral or other written statements made or to be made by CVD, 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's growth and sales strategies, possible customer changes in delivery schedules, cancellation of orders, delays in product shipments, delays in obtaining parts from suppliers, failure to satisfy customer acceptance requirements and other risk factors described in CVD’s SEC filings. All forward-looking statements are based on management's estimates, projections and assumptions as of the date hereof and CVD assumes no obligation to update this press release.