CVD Announces Third Quarter 2019 New Orders of $7.9 Million
CENTRAL ISLIP, N.Y., (Business Wire) – October 22, 2019 - CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials, announced today that it has received approximately $7.9 million in new orders during its third quarter 2019 as compared to new orders of approximately $6.5 million and $3.3 million in the first and second quarter of 2019, respectively. The new orders will be delivered over the next several quarters.
The Company continues to focus on bringing our new materials coating facility on-line and the expansion of our equipment and material sales to help reduce the lumpiness of our order levels. We will further update our shareholders on our progress on this and other topics at our upcoming shareholder meeting on October 29, 2019 at 10 a.m. at our executive offices in Central Islip, NY. The shareholder presentation will be posted on our website at www.cvdequipment.com in the investor relations section.
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 this topic please contact:
Thomas McNeill, CFO
Phone: (631) 981-7081
Fax: (631) 981-7095