CVD Receives $10 Million In Orders
CENTRAL ISLIP, N.Y., (Business Wire) – March 6, 2017 - CVD Equipment Corporation (Nasdaq: CVV), a leading provider of chemical vapor deposition systems, today announced that it has received approximately $10 million in new orders principally to provide additional fiber coating production systems to a major aviation component supplier. This customer currently has several CVD production systems in operation.
Leonard A. Rosenbaum, President and Chief Executive Officer stated:
“Aerospace components which are manufactured utilizing fibers coated by CVD’s equipment are lighter in weight, able to withstand higher temperatures and require less maintenance. The results are increased engine efficiency and reduced operational costs.
“As CVD continues to solidify its position as a leading supplier of next generation technology for the aerospace industry, we are proud to have been again selected to provide key equipment to this major aviation component supplier.
“We continue to pursue our strategic plan of leveraging our equipment know-how and proven ability to scale up deposition processes, into offering high value equipment together with offering added materials, products, and services as we drive our future growth to implement our vision of enabling tomorrow’s technologiesTM.”
About CVD Equipment Corporation
CVD Equipment Corporation (NASDAQ: CVV) designs, develops, and manufactures a broad range of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications. This equipment is used by our customers to research, design, and manufacture these materials or coatings for aerospace engine components, medical implants, semiconductors, solar cells, smart glass, carbon nanotubes, nanowires, LEDs, MEMS, and other applications. Through our application laboratory, we provide process development support and process startup assistance with the focus on enabling tomorrow’s technologies™.
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.
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