Nanotechnology Now - Press Release: "CVD Equipment Corporation Announces $4.9 Million of New Orders"

Home > Press > CVD Equipment Corporation Announces $4.9 Million of New Orders

Abstract:
CVD Equipment Corporation (Nasdaq: CVV) today announced that new orders for the three month period ending June 30, 2008 were $4.9 million. This represents an increase of 53% over the same period in 2007.

CVD Equipment Corporation Announces $4.9 Million of New Orders

RONKONKOMA, NY | Posted on July 2nd, 2008

We attribute the increase in order levels to the increase in selling effort in our four primary market segments: (i) semiconductors and electronics; (ii) university, government and industry research; (iii) industrial applications and (iv) solar/energy. The proceeds received during the latter half of 2007, as a result of the sale of our common stock, has allowed us to hire additional personnel, and enabled our key personnel to focus their efforts on selling into our targeted market segments.

Based on our current quotation activity and the continued hiring of additional personnel, we anticipate the increased sales level will continue in future quarters.

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About CVD Equipment Corporation
CVD Equipment Corporation (NASDAQ: CVV), a designer and manufacturer of standard and custom state-of-the-art equipment used in the development, design and manufacture of advanced electronic components, materials and coatings for research and industrial applications. We offer a broad range of chemical vapor deposition, gas control, and other equipment that is used by our customers to research, design and manufacture Semiconductors, Solar Cells, Carbon Nanotubes, Nanowires, LEDs, MEMS and Industrial Coatings and focus on enabling tomorrow’s technologies™ by providing more cost efficient options to commercialize new technologies.

Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in CVD Equipment Corporation’s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on CVD Equipment Corporation’s website does not constitute a part of this release.

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Contacts:
CVD Equipment Corporation
Karen Hamberg
631-981-7081
Fax: 631-981-7095

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