CVD Acquires Assets of MesoScribe Technologies, Inc.
November 02 2017 - 4:44PM
Business Wire
CVD Equipment Corporation (NASDAQ: CVV), a leading provider of
chemical vapor deposition systems and materials has, through its
new wholly owned subsidiary CVD MesoScribe Technologies
Corporation, purchased assets (including all IP), formerly owned by
MesoScribe Technologies, Inc. Formed in 2002, by a group out of
Stony Brook University, MesoScribe™ having corporate offices in St.
James, NY and manufacturing in Huntington Beach, CA., established
itself as a pioneer and leader in the direct deposition and writing
of thermal sensors, heaters, and electronics devices used in high
temperature and harsh environments.
MesoScribe™ specializes in the manufacturing of harsh
environment sensor products and structurally integrated electronics
based on its proprietary Direct Write Thermal Spray (DWTS)
Technology. Direct Write devices are robust and reliable, and
integrated process automation enables precision manufacturing and
high throughput production for cost-effective implementation.
MesoScribe’s focus is on developing innovative sensor prototypes
and manufacturing Direct Write devices in production quantities for
advanced sensing and communications.
Leonard Rosenbaum, President and CEO stated, “With this
strategic acquisition, CVD gains access to an additional deposition
technology, a presence in new markets and additional applications.
The MesoScribe™ proprietary technology also complements our
Tantaline CVD Tantalum deposition technology which we acquired in
Q4 2016. The two technologies when combined provide a treatment and
coating which provides both corrosion resistance and now wear
resistance. This is part of our strategic plan to leverage our
equipment know-how, business infrastructure and proven ability to
scale up new technologies, all offering high value-added materials,
products, and services. This is another step in our combined
organic and acquisition growth initiative for 2017.”
Jeffrey Brogan, President and CEO at the former MesoScribe
Technologies, Inc., now Director of Sales and Marketing at CVD
Materials Corporation stated, “We are excited to move forward with
the leadership of CVD to accelerate the commercialization of the
MesoScribe™ MesoPlasma™ Direct Write Technology. Key synergies will
result from this strategic acquisition, enhancing the portfolio of
coating services and products to our customers as well as creating
new business opportunities for CVD Materials Corporation.”
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 their
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 CVD
Materials Corporation and their application laboratory, CVD
provides material coatings, process development support, and
process startup assistance with the focus on enabling tomorrow’s
technologies™.
About CVD MesoScribe Technologies Corporation
CVD MesoScribe Technologies Corporation specializes in the
manufacture of harsh environment sensor products and structurally
integrated electronics based on its proprietary Direct Write
Thermal Spray (DWTS) Technology. Direct Write devices are robust
and reliable, and integrated process automation enables precision
manufacturing and high throughput production for cost-effective
implementation. MesoScribe’s focus is on developing innovative
sensor prototypes and manufacturing Direct Write devices in
production quantities for advanced sensing and communications.
Additional information can be found at www.mesoscribe.com.
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/20171102006812/en/
CVD Equipment Corporation:Gina Franco,
631-981-7081Fax:
631-981-7095investorrelations@cvdequipment.com
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