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Posted: July 2, 2008
CVD Equipment Corporation Announces $4.9 Million of New Orders
(Nanowerk News) CVD Equipment Corporation 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.
The company attributes the increase in order levels to the increase in selling effort in their 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 common stock, has allowed CVD to hire additional personnel, and enabled their key personnel to focus their efforts on selling into the company's targeted market segments.
Based on their current quotation activity and the continued hiring of additional personnel, the company anticipates the increased sales level will continue in future quarters.
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.