CVD Equipment Corporation Receives Multi-Million Dollar Aerospace Order
RONKONKOMA, N.Y., (Business Wire) – May 7, 2012 - CVD Equipment Corporation (NASDAQ:CVV) announced today that it has received a Multi-Million dollar order from a major aerospace components manufacturer to design a custom Chemical Vapor Deposition System scale up solution for their next generation of composite products.
Leonard Rosenbaum, President and Chief Executive Officer stated, “We are very pleased that we were selected for the design of a next generation production system solution which is needed to meet the capacity and yield growth demands of this aerospace components company. This new design contract will enable us to build on the recent successful startup of the systems we manufactured under a previous Multi-Million dollar contract with the same customer. This success is rewarding because it is in line with our vision to accelerate the commercialization of tomorrow’s technologies and to enable a cost effective and risk managed transition of more and more technologies from R&D and pilot manufacturing to full scale production.
It is also rewarding to see that the efforts of our personnel and the requirements of our customers enabled CVD to recently purchase a new 130,000 square foot facility that is 100% larger than the existing facilities we are selling. The new facility expands our application laboratory, design engineering and manufacturing capability and will enable us to manage our future anticipated growth in providing R&D, pilot and production custom Chemical Vapor Deposition systems and material solutions to a broad range of markets. We anticipate full occupancy of the new facility during the 3rd quarter of 2012.”
About CVD Equipment Corporation
CVD Equipment Corporation (NASDAQ: CVV) is a designer and manufacturer of custom and standard 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, graphene, carbon nanotubes, nanowires, LEDs, MEMS, smart glass coatings, batteries, ultra capacitors, medical coatings, industrial coatings and equipment for surface mounting of printed circuit components.
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, 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.
For further information please contact Karen Hamberg or Investor Relations by Phone: (631) 981-7081, Fax: (631) 981-7095 or Email: investorrelations@CVDequipment.com