CVD Reports $45 Million in 2014 Orders
CENTRAL ISLIP, N.Y., (Business Wire) – February 12, 2015 - CVD Equipment Corporation (NASDAQ: CVV), a leading provider of standard and custom chemical vapor deposition systems, today announced that it received in excess of $45 Million in orders during 2014.
Leonard Rosenbaum, President and Chief Executive Officer stated, “CVD is continuing to experience high levels of orders and quote activity. We anticipate that this trend will continue into 2016 and beyond as orders for production and research equipment, including equipment for aerospace, medical devices, and nano materials, are continuing to drive our business forward. Our new facility is humming with activity, we have increased our production personnel by 13% over the past four months and our crew is working diligently to convert these orders into revenue.”
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.