CVD Receives $10 Million In Orders
March 06 2017 - 8:30AM
Business Wire
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
technologies™.”
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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version on businesswire.com: http://www.businesswire.com/news/home/20170306005162/en/
For further information:CVD Equipment
CorporationGina Franco, 631-981-7081Fax:
631-981-7095investorrelations@cvdequipment.comsales@cvdequipment.com
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