CVD Announces Expansion of its Materials Business
RONKONKOMA, N.Y., October 19, 2011 – CVD Equipment Corporation (NASDAQ: CVV) announced today the expansion of the materials portion of its business. These materials will be marketed through its wholly owned subsidiary, CVD Materials Corporation, (“CVD Materials”).
Leonard Rosenbaum, President of CVD Equipment Corporation, stated, “We believe that now is the right time to build on the processing capability, material manufacturing, marketing and business growth success of our Application Laboratory which continues to open new business opportunities in both traditional and non traditional chemical vapor deposition related markets. We will further develop our in-house next http://www.blogger.com/img/blank.gifgeneration material manufacturing capabilities and capacities and expand our marketing and sales efforts directly to researchers and innovators at Universities, Government and Industrial R&D facilities that are working on application development for tomorrow’s next generation products in Semiconductors, Solar, Batteries, Capacitors, Water Filtration, Catalysts Composites, and other traditional and non-traditional chemical vapor deposition applications through CVD Materials. These applications will primarily utilize Graphene, Carbon Nanotubes (CNT), Nanowires (NW), and other 1D, 2D and 3D surface and surface area enhanced materials. CVD Materials Corporation will primarily focus on 1) Contract CVD related process development, 2) Research material manufacturing, 3) CVD and other nano enabled material manufacturing licensed from third parties and 4) on CVD Equipment Corporation’s proprietary materials and material processing platforms.”
Karlheinz Strobl, Vice President of Business Development, further states, “We expect that this business model extension will help to accelerate the commercialization of tomorrow’s technologies and will bring future Equipment, Material Manufacturing and Joint Venture business opportunities to CVD Equipment Corporation. This expansion of the Application Laboratory will further accelerate the commercialization of tomorrow's technology and our “Sustainable Growth with Low Risk” business strategy.”
About CVD Equipment Corporation
CVD Equipment Corporation (NASDAQ: CVV) is a designer and manufacturer of custom and standard 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, graphene, carbon nanotubes, nanowires, LEDs, MEMS, smart glass coatings, battery and/or ultra capacitor materials, medical coatings, 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 hereohttp://www.blogger.com/img/blank.giff and CVD assumes no obligation to update this press release.
For further information please contact Karen Hamberg or Investor Relations by Phone: (631) 981-7081, Fax: (631) 981-7095 or Email: