CVD Establishes Position of Lead Independent Director
CENTRAL ISLIP, N.Y., (Business Wire) – September 12, 2018 - CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, today announced that its Board of Directors has established the new position of Lead Independent Director and the Company’s independent directors unanimously elected Lawrence J. Waldman to the newly created position.
In his new role, Mr. Waldman’s responsibilities will include coordinating the activities of the independent directors and serving as a liaison between the President/ CEO the other independent directors and helping to facilitate the Board’s oversight and shareholder responsiveness.
Leonard A. Rosenbaum, President, CEO and Chairman of the Board stated “We are committed to good corporate governance practices and believe that the addition of a Lead Independent Director will help to enhance corporate oversight. As Larry takes on this new role, his broad experience should prove valuable to CVD and our shareholders.”
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 its 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 its application laboratory, the Company provides process development support and process startup assistance with the focus on enabling tomorrow’s technologies™. It’s wholly owned subsidiary CVD Materials Corporation provides advanced materials and metal surface treatments and coatings to serve demanding applications in the electronic, biomedical, petroleum, pharmaceutical, and many other industrial markets.
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.
For further information about CVD Equipment Corporation please contact:
Phone : (631) 981-7081
Fax : (631) 981-7095