CVD Reports $27.5 Million in New Orders through Q3
CENTRAL ISLIP, N.Y., (Business Wire) – October 15, 2014 - CVD Equipment Corporation (NASDAQ: CVV) a leading provider of standard and custom chemical vapor deposition systems, today announced that it has received in excess of $27.5 Million in new orders during the nine months ending September 30, 2014. This represents an increase of approximately 239% in new orders compared to the same period in 2013.
Leonard Rosenbaum, President and Chief Executive Officer stated, “We are pleased to report a continued high level of orders and quote activity. We anticipate that our bookings momentum will continue through the end of this year and well beyond. Chemical vapor deposition applications in aerospace, medical, and nano materials are continuing to drive our business forward.”
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. CVD’s application laboratory focuses on higher efficiency nano and nano to macro material manufacturing for a wide variety of growth markets, which are marketed through our wholly owned subsidiary CVD Materials Corporation.
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 such term is defined in Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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, 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 and failure to satisfy customer acceptance requirements.